At Tech City News, we’re always keen to shine a light on those who make up the UK’s thriving technology community.
This week, we spoke to Christoph Rieche, CEO and co-founder of iwoca, a lending platform for SMEs.
He talked about the company’s progress to date and the struggle he faces when it comes to achieving the right work/life balance.
Tech vertical: FinTech
Funding: £38m equity
Staff count: 130
Location: London
Founded: 2011
Q: Where did the idea for iwoca come from?
We came up with the idea for iwoca in 2011. The UK was coming out of recession but banks were still not lending enough to small businesses, the backbone of our economy. The government recognised the problem and ploughed money into initiatives to encourage bank lending but nothing seemed to work....