Embedded-finance provider tracked in the Embedded Finance Index — disclosed by 3 companies across 1 category.
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Founded in 2012 as a direct online lender to UK SMEs, iwoca expanded its distribution model significantly by building an embedded finance partner network, routing nearly 30% of loan applications through accounting software and neobank partners by 2021. It then extended into B2B payments with iwocaPay, a buy-now-pay-later product for trade customers that integrates with e-commerce platforms (Shopify, Magento, WooCommerce) and accounting software (QuickBooks, Xero). Most recently, iwoca launched a branded business credit card issued via Enfuce, moving from pure lending into broader SME financial services.
Other Lending providers in the index, by the number of companies that disclose them. A count of public disclosures, not a ranking of the products.
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alt="Ranked #53 of 255 in Lending — Embedded Finance Index 2026">
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<img src="https://www.embeddedfinanceindex.com/api/badge/iwoca/install" width="1" height="1" alt="" style="display:none">3 companies disclose Iwoca in their stack in the Embedded Finance Index 2026, including Funding Circle, Debtist and DNA Payments.
Iwoca is an embedded-finance provider in Lending. It ranks #53 of 255 Lending providers by disclosed buyers.
The most-disclosed Lending alternatives to Iwoca are Affirm (63 buyers), Klarna (48 buyers), YouLend (45 buyers), Mambu (35 buyers), Stripe Capital (30 buyers) and Wisetack (27 buyers).
Iwoca is founded in 2012 and headquartered in London, England, United Kingdom.
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