LFP036 – The Direct Lending Model with Chris Rieche CEO of iwoca

London Fintech Podcast · Sep 30, 2015 · 30m

I am delighted to be joined by Chris Rieche CEO and co-founder of iwoca. Iwoca is a Fintech lender but not a P2P. They raise finance and then can lend it out themselves – a direct lending model which has many advantages as we will hear. iwoca lends up to £100k to small businesses in the UK, Poland, Spain and Germany at rates varying from around 13-40% p.a and has around 100 employees in London. It has also this year made a landmark partnership with the giant Alibaba to offer a trade finance product and raised £20m in equity capital this year. Chris and co-founder and CTO James Dear founded…