Banks have always been better at lending to the businesses that need it least. For small companies without years of audited accounts or substantial collateral, getting a business loan has historically meant rejection letters and expensive alternatives. Iwoca was founded in London in 2012 to fix that specific problem. Its Flexi-Loan product offers revolving credit to small businesses, with decisions made in minutes based on real-time business data rather than backward-looking financial statements. The platform integrates directly with accounting software, payment processors, and open banking data to build a picture of a business's health that a traditional underwriter would take weeks to construct manually. Iwoca has lent over £2 billion to more than 90,000 businesses across the UK and Germany — a geographic footprint that reflects both the scale of the SME lending gap and the regulatory infrastructure that makes fintech lending viable across Europe. It's not a glamorous product, but access to working capital is often the difference between a business that survives and one that doesn't.