iwoca hits net profitability as demand for SME capital surges

GROWTH: IWOCA REACHES NET PROFITABILITY IN Q4 2022 AND EXPERIENCES OVER 50% INCREASE IN NUMBER OF SMALL AND MEDIUM-SIZED BUSINESSES FUNDED ACROSS UK AND GERMANY.

FUNDING: This comes as iwoca increases its funding line with Pollen Street Capital from £125m to £170m.

The total number of customers funded across the UK and Germany - including all products and repeat customers - grew by over 50% in 2022 vs 2021. iwoca funded 15,429 businesses in 2022, an increase of 54% from 2021.

To meet this surging demand, iwoca has increased its funding line to £170 mil- lion with long-standing partner Pollen Street Capital. Other funding lines are also being increased.

Keep reading

Xero Ecosystem Survey

2023

— have your say

2022 WAS ANOTHER BIG YEAR IN TECH, AND IT’S BEEN A COUPLE OF YEARS SINCE WE LAST HELD OUR ECOSYSTEM SURVEY AMIDST COVID-19. NATURALLY, WE HAVE A LOT TO CATCH UP ON.

The Xero Ecosystem Survey 23 is the chance for our developer community to tell us how we’re doing. Whether you’re an app developer or custom integrator, whether you work for a major bank or you’re a sole trader in start up — let us know what you love about working with the Xero ecosystem teams, what technologies you’re tinkering with, and where you see opportunities for Xero to improve.

Not only do we want to learn more about your organisation, how you develop apps, and why you integrate with Xero — but in the past 18 months, we also launched the new Xero App Store and a host of other changes to how we work together.

So please, grab a coffee and take 10 minutes to give us feedback, we’d love to hear from you… And as a sweetener, we also have a prize draw for three AU$1000 (or equivalent currency) Amazon gift vouchers on the line for three randomly drawn respondents.

There is no limit to how many of your team members can take the survey — we want to hear from as many people in your organisation who work with us as possible.

Key facts from the 2020 Ecosystem Survey:

• 52% of these surveyed said access to the Xero platform has been critical to achieving their goals

• 39% of partners say the Xero ecosystem represents ‘critical automation’ to them.

• 54% were focused on maintaining their market share, 33% on subscription-based growth, 27% on expanding into new markets...

Keep reading