Iwoca: Launching OpenLending to help 2 million SMEs by 2023
- OpenLending a smart new platform that allows partners to offer fast and flexible funding to small business owners
- iwoca lent over £1bn to over 50,000 small businesses and now with OpenLending comes the potential to make funding accessible
- OpenLending allows iwoca partners such as digital banks, accounting software platforms and payment service providers
- With COVID-19 escalating quickly, collaboration between those in the financial ecosystem could prove to be a valuable asset
- The concept of OpenLending has also the potential through collaboration with the banks and fintech partners
- In addition to the new partnership with Monese, Xero the UK’s leading online accounting platform also teamed up with iwoca
