Fintechs: Iwoca brings ABN Amro and Neuberger on board
The fintech secures €185 million in new credit lines for further growth in Germany. There, the lending business has more than doubled within twelve months.
Iwoca, a German-British fintech, has secured €185 million in new credit lines from ABN Amro and Neuberger to expand its lending to small and medium-sized enterprises in Germany. The company now has over €500 million available for lending in Germany, with €400 million already allocated to 13,000 customers. Iwoca's German business has more than doubled in the past 12 months and is expected to reach €1 billion by mid-2028.
The fintech provides standardized loans ranging from €1,000 to €500,000, with an average loan size of €30,000-€35,000.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
