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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.
Earlier this month, some iwocans headed over to Imperial College London to support the F&B 24 Hackathon.
It’s been another busy year for us at iwoca. Thanks to all our customers and colleagues for helping us reach new heights, win a major industry grant and build ambitious new products.
Friday the 6th July 2018 we received some news: iwoca has reached profitability in the first half of 2018.
SME lending from the UK’s major banks fell by 8% between 2014 and 2018. But we’re working with more businesses than ever – making more than £1bn available for customers across the nation.
We can now provide finance at the point of invoice, for the buyer and seller, to ensure payments can be paid on time – every time.
