iwoca Gets GBP2m from Beyond Digital [Manufacturing Close - Up]
(Manufacturing Close - Up Via Acquire Media NewsEdge) iwoca, a UK based company which provides instant loans to online retailers, announced a funding round of GBP2m from Beyond Digital Limited, advised exclusively by TalisCapital Limited, a London- based multi-family office.
Since launching in March 2012, iwoca has already lent out in excess of GBP1m to its customers since their launch in March 2012. Online marketplaces, such as eBay and Amazon, are experiencing double digit growth globally, with the UK asone of the fastest growing markets with the highest ecommerce spend per head.
Matus Maar, director and co-founder of Talis Capital added, "The market opportunity in next generation lending, using different and new data sources, combined with an experienced and talented management team, is an exciting proposition."
Christoph Rieche, CEO and co-founder of iwoca said, "We are very pleased to have Talis Capital on board, and believe that their experience, combined with the funding will help iwoca grow, providing a valuable service to our existing and future customers."
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