Business loan lender iwoca is set to integrate into Funding Xchange and Funding Options, two of the UK’s largest business finance marketplaces. The change will allow the company to provide loan decisions within 30 seconds.
The initiative is available for smaller loans of up to £15,000 provided by iwoca’s partners. If a business wants to accept the offer seen on partner sites, iwoca explained in a recent statement, they will be taken to iwoca to withdraw the funds.
The company will also be rolling the service out to other partners in the coming months.
“We have been working with iwoca for the last three years to transform access to funding so that customers using price comparison sites like MoneySuperMarket, or accessing funding through Sage, have the same ease of access and choice that consumers have been accustomed to,” said Paul Henry, chief operating officer at Funding Xchange.
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GoCardless chooses NetSuite for international expansion
GoCardless is working with NetSuite to expand its international operations.
The payments startup grew by 60% last year after securing $75m in backing in a Series E round in February and now has more than 40,000 customers worldwide and processes $10bn in transactions a year.
GoCardless will now use the NetSuite platform to optimise and automate its financial management and streamline its financial operations with views to keep on expanding globally.