iwoca investment closes on mammoth £1.5bn

Quick Summary:

It brought in £143m in revenue in 2023.

It takes investment in the business to almost £1.5 billion since launching in 2012.“Our vision is to become ever more relevant to more businesses.

The funding follows a series of investment rounds in the past two years, attracting £740m debt funding from partners including Citi, Barclays, Värde Partners, Pollen Street Capital, and Insight Investment.

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Article Details

Author / Journalist: Jonathan Symcox

Category: InvestingBusiness

Markets: United Kingdom

Topics: Investment FinTech

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-11 @ 00:01:40 (2 days ago)

News Timezone: GMT +8:00

News Source URL: businesscloud.co.uk

Language: English

Article Length: 298 words

Reading Time: 2 minutes read

Sentences: 7 lines

Sentence Length: 43 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BusinessCloud

News ID: 23507479

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Headquarters: United Kingdom

News Last Updated: 19 hours ago

Coverage Areas: United Kingdom

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