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 of up to EUR 500,000 for SMEs, fully digital process, disbursement 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 loan options for SMEs within the CHECK24 loan comparison.

iwoca, a company with roots in Germany and the UK, specializes in providing fast and straightforward loans for SMEs in need of short-term financial support. The unique feature of iwoca is that the loan application process is fully digital, allowing approved loan amounts to be credited to applicants' bank accounts within 48 hours.

By cooperating with iwoca, we are expanding our loan comparison to include further 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 Loans CHECK24

The short processing time for loan applications is achieved through the use of a fully digital application process, which is supported by personal contact persons from the iwoca team. iwoca's loan terms are flexible and extend for 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 focusing exclusively on the needs of small businesses. Since its inception, iwoca has provided loans totaling around four billion euros to over 100,000 self-employed people and small businesses.

We are delighted to have partnered 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 wider range of options to meet their financial needs. In Germany, around 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 options for SMEs and improve financial support for smaller companies. The integration of iwoca into the CHECK24 loan comparison helps to facilitate access to readily available loans and optimize financing options for SMEs.