Get the app →
BriefTea logoBriefTea

Every story in sixty words

Get the free app no ads · no paywall

Business · 27 July 2026

Lender Iwoca secures £250m for small businesses as it explores a £1bn sale

Lender Iwoca secures £250m for small businesses as it explores a £1bn sale

Gavlick via Wikimedia Commons (CC-BY-SA-4.0)

The fintech company handed out 60% more cash during 2025 as small firms increasingly asked for much larger loans. To keep up with that demand, it just borrowed the extra money from Waterfall Asset Management and a major bank. The fresh funding arrives days after the firm reportedly hired investment bank Qatalyst to explore a potential sale.

Reported by City AM · How we write briefs

More briefs

BusinessLockheed Martin may build UK's new £2bn Skynet satellites BusinessKFC dropping Pepsi for Coca-Cola in all US restaurants by early 2027 BusinessSome Anthropic investors reportedly eye $1.5tn valuation, down from the $2tn expected BusinessLondon's top shares reach a seven-week high as investors buy safer British businesses BusinessThames Water needs £2.4B more to avoid government takeover BusinessBritish pound rises against the dollar after the UK economy unexpectedly grows More business stories → Browse all stories →