Cooperation between CHECK24 and iwoca expands credit options for SMEs

SME loan provider iwoca integrates its digital loan offers into the CHECK24 loan comparison. Fast and flexible loans up to 500,000 euros for SMEs, fully digital process, payment within 48 hours.

Munich - The comparison platform CHECK24 and SME loan financier iwoca have joined forces to better support small and medium-sized enterprises (SMEs) with their financing needs. As of now, iwoca's digital loan offers are available in the CHECK24 loan comparison. The partnership aims to expand the selection of instant credit options for SMEs within CHECK24 Kreditvergleich.

iwoca, a company with roots in Germany and the UK, specializes in providing fast and straightforward loans to SMEs in need of short-term financial support. What makes iwoca special is that it handles the loan application process completely digitally, allowing approved loan amounts to be credited to applicants' bank accounts within 48 hours.

Through our cooperation with iwoca, we are expanding our loan comparison to include additional fully digital loan offers. This makes it easier for small businesses and start-ups to find the most suitable loan offer for them.

Dr. Stefan Eckhardt, Managing Director Credits CHECK24

The short processing time of credit requests is achieved by using a fully digital application process supported by personal contact persons of the iwoca team. iwoca's loan terms extend flexibly over up to 24 months.

iwoca was founded in London in 2012 by German entrepreneur Christoph Rieche and his British partner James Dear to facilitate access to credit for the self-employed and SMEs. The company entered the German market in 2015 and quickly became the largest fintech lender focused exclusively on the needs of small businesses. Since its inception, iwoca has provided loans to over 100,000 self-employed individuals and small businesses totaling approximately four billion euros.

We are pleased to have joined forces with the CHECK24 team to bring a strong offering for SMEs to CHECK24's comparison platform. This partnership will significantly simplify access to financing for SMEs

Bastian Bogs, iwoca Germany Business Development

The partnership with CHECK24 will increase the reach of iwoca's financing solutions and provide SMEs with a broader range of options to meet their financial needs. In Germany, approximately 3,200 small businesses rate iwoca's service on the Trustpilot platform with a trust score of 4.9 out of 5 stars.

This cooperation will expand credit opportunities for SMEs and improve financial support for smaller businesses. The integration of iwoca into the CHECK24 loan comparison helps to facilitate access to quickly available loans and optimize financing options for SMEs.