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iwoca - NOAH13 London
 

iwoca - NOAH13 London

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The Evolution of Banking in the UK - Presentation by Christoph Rieche, Founder & CEO of iwoca at the NOAH 2013 Conference in London, Old Billingsgate on the 13th of November 2013.

The Evolution of Banking in the UK - Presentation by Christoph Rieche, Founder & CEO of iwoca at the NOAH 2013 Conference in London, Old Billingsgate on the 13th of November 2013.

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    iwoca - NOAH13 London iwoca - NOAH13 London Presentation Transcript

    • The future of small business lending Christoph Rieche (iwoca co-founder & CEO) www.iwoca.co.uk
    • The economic landscape has changed 2013 1980 4.9 m 1.5 m Growth in number of registered businesses in the UK (1980 – 2013) Source: BIS, Business Population Estimates for UK and Regions 2013 , 23 October 2013
    • The rise of micro-business Zero employees 50 – 249 employees 1– 49 employees 250+ employees Growth in number of businesses by employee count (2000 – 2013) Source: BIS, Business Population Estimates for UK and Regions 2013 , 23 October 2013
    • The banks have not been able to keep up
    • Introducing iwoca We take a data-driven approach to making small business loans profitable
    • Business loans for online retailers, based on live trading data 2012 1500 iwoca Launch Loans £5000 Average Loan Winner of… Team of 20, based in London 5-star TrustPilot rating Working with…
    • Focused on ecommerce 5% 1% ~300,000 10% UK businesses selling online 37% 36% 11% Source: Street Research
    • A fast online application No paperwork No fees No commitment www.iwoca.co.uk
    • The result: fast, accurate decisions that scale Application Proprietary risk assessment based on layering trading data with credit, identity and company data Business approved for flexible £500 - £50,000 credit facility. Funds sent within minutes.
    • Featured in… www.iwoca.co.uk