iwoca reviews
iwoca reviews
Review summary
People rate this company as Good based on 10 product reviews
Latest positive rating
Easy application process
The application process and fund pay-out was quick and simple
Latest negative rating
Mixed Experiences with Iwocas Financial Solutions
As a business owner, I turned to iwoca.co.uk, attracted by their motto, “We’re building finance that works for your business.” Initially, my experience was positive,... As a business owner, I turned to iwoca.co.uk, attracted by their motto, “We’re building finance that works for your business.” Initially, my experience was positive, especially when managing regular payments. However, challenges arose when I faced financial difficulties. During this period, I found iwoca’s support less than satisfactory. Despite their assurances that a County Court Judgment (CCJ) would resolve my issues, they proceeded with a Charging Order three months later. This action contradicted their earlier communications and added to the stress of my financial situation. Moreover, I encountered significant communication hurdles. Approximately half of my emails went unanswered, and when responses were provided, they often reiterated the need to “secure Iwoca’s position,” without offering tangible solutions or support for my circumstances. Their claim of being FCA regulated is true, yet I felt this did not translate into fair or supportive treatment during my time of need. This experience has left me questioning the balance they strike between business interests and customer support. While iwoca may offer effective financial solutions under normal circumstances, my experience suggests that they may fall short in offering the necessary support and guidance when customers face financial hardships. Read more Read less
About iwoca
iwoca reviews can help you to find out more about this company that allows small businesses to access short-term funding previously only available to their larger peers. Smart Money People is the place for iwoca reviews. Read and write reviews and together we can help to increase trust and transparency in financial services.
iwoca at a glance
Reviews for iwoca
Showing 10 of 10 company reviews
Mixed Experiences with Iwocas Financial Solutions
As a business owner, I turned to iwoca.co.uk, attracted by their motto, “We’re building finance that works for your business.” Initially, my experience was positive,... As a business owner, I turned to iwoca.co.uk, attracted by their motto, “We’re building finance that works for your business.” Initially, my experience was positive, especially when managing regular payments. However, challenges arose when I faced financial difficulties. During this period, I found iwoca’s support less than satisfactory. Despite their assurances that a County Court Judgment (CCJ) would resolve my issues, they proceeded with a Charging Order three months later. This action contradicted their earlier communications and added to the stress of my financial situation. Moreover, I encountered significant communication hurdles. Approximately half of my emails went unanswered, and when responses were provided, they often reiterated the need to “secure Iwoca’s position,” without offering tangible solutions or support for my circumstances. Their claim of being FCA regulated is true, yet I felt this did not translate into fair or supportive treatment during my time of need. This experience has left me questioning the balance they strike between business interests and customer support. While iwoca may offer effective financial solutions under normal circumstances, my experience suggests that they may fall short in offering the necessary support and guidance when customers face financial hardships. Read more Read less
Easy application process
The application process and fund pay-out was quick and simple
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5/5
Excellent communication
I needed information and got all the info I needed and much more about CGILS
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5/5
The simplest borrowing option for small businesses
iwoca offer a fantastic service to small businesses. The application process is seamless and the fact you can easily chat with the team on webchat... iwoca offer a fantastic service to small businesses. The application process is seamless and the fact you can easily chat with the team on webchat or phone calls is such a breath of fresh air compared to high street banks call centres. Highly recommend. Read more Read less
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5/5
Loved it
From first submitting my request online, to receiving the fast decision, and support, iwoca has been there for us. Great service! Thank you :)
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5/5
great
always seamless and has changed borrowing for small business.
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5/5
Reliable
Make it easy to get funding for my business quickly, with smart questions not pointlesss form filling
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5/5
Well deserved
Great company! Great Product! Growing with the times, iwoca have a clear and simple vision to help small business and they do it without making... Great company! Great Product! Growing with the times, iwoca have a clear and simple vision to help small business and they do it without making you jump through hoops. A clear and concise product, with an amazing simple to use technology platform! Read more Read less
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5/5
Awesome, innovative service
iwoca is connected with so many relevant services for SMEs that they make it easy to apply for a loan quickly
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2/5
Largely a waste of time
This lot largely wasted my time. I applied for business funding and they made swift contact, only to start asking for proof upon proof of... This lot largely wasted my time. I applied for business funding and they made swift contact, only to start asking for proof upon proof of income, contracts, solictor and accountant's reports and the like. For a sole trader who does his own accounts this was nigh on impossible, and after much deliberation (which took ages) Iwoca rejected me. They then passed my details over to a bunch of other companies that were clearly on some sort of referral scheme and the deluge of calls began. Not the best experience. Read more Read less
Products from iwoca
Showing all products offered by iwoca
Business Loan
by iwocaiwoca business loan reviews help other business owners to get the inside track on what having a business loan with iwoca is really like. Smart Money People is the leading...
Business Loan
by iwocaiwoca business loan reviews help other business owners to get the inside track on what having a business loan with iwoca is really like. Smart Money People is the leading...
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