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Iwoca Receives €100mn from BNY Mellon for German Expansion

Iwoca Receives €100mn from BNY Mellon for German Expansion

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EuropeFintechNews Roundup
··1 min read

UK based small business lender Iwoca secured €100mn from Insight Investment, which is owned by BNY Mellon, to dramatically increase their lending capacity in Germany; the company expects to be able to fund thousands of additional businesses; the new capital brings the total amount raised by the fintech to more than €500mn in debt and equity; “Our team is always looking for opportunities to expand our investment universe to new frontiers,” said Insight Investment’s Head of Secured Finance, Shaheer Guirguis, to AltFi. “This investment in Iwoca’s fintech loans allows us to diversify into a new sector in Europe’s largest economy and we believe it also provides our clients with diversification and high-quality cash flow streams.” Altfi

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    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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