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Meta channels lead the pack as 97% of SMEs now use social media for their business

New research from iwoca reveals the overwhelming majority of UK SMEs are leveraging social media, as 97% say they use platforms to boost their business. The survey of SME owners, conducted by iwoca - one of Europe’s large SME lenders - shows Meta channels dominate the top four. Facebook leads as the top SME platform with 69% of SMEs on the network, while Instagram ranks second with 67%, and WhatsApp ranks fourth with 58% of firms using the channel.

Medium-sized firms grew jobs at twice the rate of large businesses in last decade

Over 300,000 SMEs may cut jobs to cope with hike in employer National Insurance

Nearly three quarters of business owners think they’ll take no more than 5 days holiday in the next 12 months

We know it’s tough to find time to wind down if you run a business. To find out more, iwoca launched a survey to understand how much time business owners were managing to take off, and their holiday plans for the coming year.

How iwocaPay helped Robot Mascot close more sales and protect them from fraud

Using iwocaPay, Robot Mascot avoided taking on work in good faith and paying the price

We’ve secured funding via the government’s Future Fund scheme

We’ll use this investment to help more small businesses rebuild and adjust to the new normal.

We’re launching iwocaPay – helping SMEs bounce back from the ‘trade credit crunch’ caused by coronavirus

Payment terms can pull buyers one way and sellers the other. iwocaPay helps everyone push in the right direction

Listen up – iwoca is sponsoring The Cycling Podcast

We’ve kicked off a partnership with one of the best podcasts about the sport and can’t wait to see where the road takes us.