UK’s alternative lender Iwoca is rolling out instant decisions for loans up to £25,000 with the help of CRIF, Europe’s leading credit information provider.
The embedded finance partnership will see CRIF’s Credit Passport service - which provides SMEs with access to an open banking-powered credit profile - fully integrated into iwoca’s own services and lending platform, enabling instant decisions on business loans up to £25,000 and decisions within 24 hours for loans up to £500,000.
