iwoca raises $20m Series B from Acton & CommerzVentures - Talis Capital led iwoca Series A in 2012


iwoca, one of the fastest growing SME lending platforms in Europe, has today announced a $20m Series B equity financing round. The round was led by Acton Capital Partners, the specialist German venture capital firm, and CommerzVentures, the corporate venture capital subsidiary of Commerzbank. Redline Capital and other existing investors also participated.

iwoca achieved over 250% year-on-year growth in loan issuance in the twelve months to June 2015, demonstrating that alternative lenders represent a key lever for economic growth as traditional banks have struggled to meet the funding gap. The alternative finance market in the UK is expected to jump to $7bn in 2015 up from $2.5bn in 2014

Vasile Foca, co-founder and Director of Talis Capital explained, "Since we led the Series A back in 2012, iwoca has developed a revolutionary risk model that can understand any small business and through great execution of its growth strategy, become Europe's leading Fintech lender. We are excited to retain a significant interest in the business and are delighted to welcome Acton and CommerzVentures as shareholders."

Christoph Rieche, co-founder and CEO of iwoca, said, "We're aiming to offer a flexible finance option to all of Europe's twenty million small businesses. Raising investment from Acton and CommerzVentures is a vote of confidence in iwoca and a sign of the growing interest not only of financial investors but also of leading banks in alternative fintech lenders. This will be crucial to increasing access to credit and supporting growth amongst European SMEs."

Matus Maar, co-founder and Director of Talis Capital added, "iwoca has redefined SME lending with a scalable, differentiated technology platform. Series B funding will see iwoca further capitalise on a sizeable European market opportunity and is a significant vote of confidence in the outstanding management team we backed in 2012."

 

Talis Capital

Talis Capital is a private investment office based in London, specialising exclusively in direct Private Equity and Venture Capital deals. The tech venture arm, Talis Ventures, focuses on B2B business support services and intelligence via data analytics - mainly sold as SAAS. Talis Capital have completed over $350m of transactions since 2009.

www.taliscapital.com

 

iwoca

iwoca is transforming small business lending by offering flexible credit facilities to the millions of SMEs that are underserved by banks. Its technology-driven risk platform draws on thousands of data points to make faster, fairer credit decisions, allowing iwoca to lend small businesses up to $150,000 within hours. With 7,500 transactions since its launch in 2012, iwoca is one of the fastest growing business credit providers in Europe. iwoca operates across the UK, Germany, Spain and Poland. iwoca is a founding member of Innovate Finance, the world's first industry body for FinTech.

www.iwoca.co.uk

 

This document provides information about Talis Capital Limited and the advisory services it provides. Talis Capital Limited ("Talis") is an appointed representative of Privium Fund Management (UK) Limited ("Privium") which is authorised and regulated by the Financial Conduct Authority of the United Kingdom (the "FCA"). The investment products and services of Talis are only available to persons who are professional clients and eligible counterparties for the purposes of the FCA's rules. They are not available to retail clients. To the extent that this message concerns such products and services, then this message is communicated only to and/or directed only at professional clients and eligible counterparties and the information in this message about such products and services should not be relied on by any other person. This document does not constitute an offer to buy or sell shares. Investors are also reminded that past performance is not a guide to future performance and that their capital will be at risk and they may therefore lose some or all of the amounts that they choose to invest. Investors in the UK are reminded that they will not benefit from the UK investors compensation scheme. Investment in the financial products carries risks. The financial product is only suitable for sophisticated investors. The contents of this message are not intended to constitute, and should not be construed as, investment advice. Potential investors should seek their own independent financial advice. 

This document has been approved by Privium Fund Management (UK) Limited ("Privium") which is authorised and regulated by the Financial Conduct Authority (the "FCA"). Talis Capital Limited is an Appointed Representative of Privium