UK fintech iwoca overtakes HSBC and Santander in small business lending

London-based challenger bank, iwoca, said it’s overtaken two banking powerhouses in the small business and entrepreneur funding market. 

The company cites the latest UK Finance data of small business overdraft approvals, which has revealed growth in market share for iwoca. The startup, which has rapidly grown into one of Europe’s largest small business lenders, has overtaken Santander and HSBC for the first time. 

Read more at Prolific London.