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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

iwoca SME Expert Index Q4 2022 - full dataset

Full data set for the iwoca SME Expert Index Q4 2022.

iwocaPay becomes the first invoice checkout integration with buy now, pay later option for businesses that integrate with QuickBooks

We've launched our integration with Quickbooks, giving hundreds of thousands of businesses the option to offer B2B buy now, pay later. This will enable them to get paid faster, control their cash flow and make more money.

iwoca hits net profitability as demand for SME capital surges

We reached net profitability in Q4 2022 and experienced over a 50% increase in the number of small and medium-sized businesses we funded across the UK and Germany. We've increased our funding line with Pollen Street Capital from £125m to £170m.

iwocaPay integrates with WooCommerce to offer B2B buy now, pay later to ecommerce businesses

We're today announcing our integration of our B2B payment solution iwocaPay with leading ecommerce software WooCommerce.

Berg Money and iwoca to fuel small business growth with expansion of business loans

We've partnered with Berg Money, the UK payments provider, to roll out our Flexi-loan product.