Intro to tech, analytics, and product (TAP).

iwoca gives loans to small and medium-sized businesses; we provide instant-working-capital, hence the name.

Founded in February 2012, we now have more than 400 staff, and we're growing. We secured a Series D funding round of £140million in 2021. We’ve made more than £3.5billion of loans available to more than 100,000 businesses so far. Our stretch goal is to reach 1,000,000 customers by 2032.

We use technology to make loan decisions, fast. Customers authorise us to pull data from Open Banking API’s, companies house, anti-criminal databases, and credit reports. We run their data through our machine learning automation to make a loan-offer decisions in less than 5-minutes.

iwoca gives business loans responsibly, and with a positive moral compass. More importantly, we help our customers to survive and thrive, in an ever-changing world.

Tech, Analytics, Product, and Design teams

We have a variety of exciting technical challenges ahead. The people who join now, will make the decisions that will influence the future for iwoca, and choose their career path as we grow.

Internal enterprise systems

Backyard Gardeners: our proprietary CRM application.

Core Systems: DevOps, the Modelling Platform, and Reporting Systems.

Fintech: financial reporting tools, real-time calculators and payments tech.

Acquisition & distribution

Acquisition Tech: how we acquire new customers.

iwocaPay: our invoicing product, a tool to ease cash-flow challenges.

Third-parties Tech: Introducer Portal, Incentives, and Open-Lending.

Funnel teams

Offers: customer acceptance conversion tech and analytics.

New Applications: customer journey tech and analytics.

Repeats: customer retention tech and analytics.

Analytics teams

League of Lending: credit risk data science.

Lifetime Value: profitability analytics.

Our engineering culture is all about putting the engineers close to the business. We remove red tape, and encourage engineers to review business operations. They have the autonomy to decide their projects, and are encouraged to prioritise maximum impact.

We like to work lean, to collect data and make data driven decisions about innovation. Data, and learning from data, is critical to iwoca's success since day one, and will continue to be extremely important for our future.

Our Values

We want people to add their personality to our culture, and we look for these traits to make that happen;

Smart: exceptional critical thinking and reasoning skills.

Motivated: proactive people, who challenge, and seek collaboration.

Growth Mindset: open-minded and a passion to improve.

Humble: people who welcome feedback, and see project failure as growth.

Quarterly Reviews

Our quarterly reviews look at performance, culture contribution, peer-to-peer feedback, and pay. Our transparent salary banding is visible for tech, analytics and product peers, and is a talking point for pay reviews every three months.

Feedback

Feedback is super important to us; both receiving feedback about the candidate’s experience, and providing feedback at each stage. Whether a candidate joins iwoca or not, we hope to leave everyone with an excellent experience of iwoca.

Article posted on Linkedin⁠

2022.

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