iwoca is unlocking economic growth by breaking down the barriers that stop Europe’s twenty million small businesses from accessing finance. No more convoluted forms, long waits and unfairly rigid lending criteria. Instead, iwoca is building award-winning technology that makes credit available to small businesses in a couple of clicks, providing access to £1,000-£200,000 directly through the iwoca website and through partner integrations with its Lending API.
iwoca + Xero
Linking a Xero account allows you to verify your trading history and get you approved with no paperwork. By connecting your Xero account, you are securely sharing access to your full accounting data. We analyse your Xero account in seconds allowing us to make a faster decision. You can also choose to have details of your loan and repayments added to Xero to save time on bookkeeping
Linking a Xero account is fast, simple and secure.
Sign up with iwoca as normal. After taking for your basic details, we'll ask you to link your Xero account.
You'll be redirected to Xero where you can log in to your account (we never see your password) and confirm that you wish to share your data with iwoca.
That's it. Now that we have your trading data from Xero, we can typically make a decision within a couple of hours.