iwoca partners with Nomi to offer flexible business loans

To provide SMEs in the UK with faster and better access to loans, iwoca has announced its partnership with Nomi, a business accounting software provider. Through this partnership, iwoca’s API is integrated into Nomi’s platform, offering users quick and adaptable funding choices. This means that small businesses can now easily obtain funding without any delay.…

iwoca partners with Nomi to offer flexible business loans

To provide SMEs in the UK with faster and better access to loans, iwoca has announced its partnership with Nomi, a business accounting software provider.

Through this partnership, iwoca’s API is integrated into Nomi’s platform, offering users quick and adaptable funding choices. This means that small businesses can now easily obtain funding without any delay.

The integration of iwoca’s Flexi-Loan for SMEs into the platform will enable users to streamline the loan application process using Nomi’s information and interface. The partnership’s initial implementation showed that Nomi’s clients who applied for loans through iwoca received loan decisions promptly.

In pursuit of its goal to provide small businesses with funding when and where they need it, iwoca is always seeking new partners to expand its reach.

This recent partnership with Nomi is a step forward in that direction. With fast and flexible financing, SMEs can manage their cash flow more efficiently, enabling them to leverage opportunities that strengthen their industry and the economy.

Nomi’s collaboration with iwoca also represents a significant milestone in its mission to automate and simplify finances for self-employed individuals in the UK. By integrating iwoca’s flexible business loans into its platform, independent contractors can manage their enterprises comfortably. This partnership ensures that small business owners always have access to the essential funding sources they require to succeed.

 

Nomi & iwoca: helping us and our clients

Iwoca, a leading fintech company that specializes in small business loans, has been a pioneering force in providing financial solutions to SMEs since its inception. With a mission to democratize finance, iwoca simplifies the funding process and makes it more inclusive for businesses of all sizes using technology.

At iwoca, we believe that building a personal connection and understanding your goals for both your business and life are crucial elements of our engagement with your firm. With the Nomi app ecosystem and the talented team at iwoca at our disposal, obtaining financing and business guidance has never been easier.

Our unique approach to client interactions, which combines the best in cloud technology with excellent customer service, is what sets us apart from the competition. Clients have raved about Nomi and iwoca, and we are proud to be recognized for our commitment to close connections with customers. Many of iwoca’s clients choose us because we provide them with a personal interaction that makes them feel like they are part of the family.

 

Key Features of the Partnership:

  1. Tailored Loan Options: Businesses can expect a variety of loan solutions through this partnership that are suited to their unique needs in terms of size, industry, and funding. Regardless of a company’s need for working capital, money for expansion, or support during seasonal changes, the partnership strives to offer solutions that support specific business objectives.
  2. Streamlined Application Process:The goal of iwoca and Nomi’s use of cutting-edge technologies is to expedite and enhance the business loan application process. SMEs, who usually struggle to acquire funding on time due to long application processes, will particularly benefit from this.
  3. Competitive Terms and Rates: By providing businesses with competitive terms and rates, the collaboration aims to make financial solutions both affordable and easily accessible. This strategy is essential for enabling companies to make financial decisions that are strategic without getting limited by excessive interest rates.
  4. Responsive Customer Support: The partnership lays a high priority on prompt customer service since it understands how important customised help is. Companies may anticipate a specialised support system to handle questions, offer advice, and guarantee a smooth loan application and repayment procedure.

 

Nomi as our cloud accounting tool

Nomi’s online accounting software has brought about a revolution in the way iwoca operates with your company. It enables you to analyse crucial metrics and offer guidance, support, and direction to management teams and business owners. The ability to be in the cloud and provide real-time reporting was the key factor behind the switch to Nomi. As a result, data is now easily accessible with just a click away from our team.

 

Working with iwoca and Nomi’s to grow your business

Getting capital for your company has never been easier with iwoca. If you are already a client, you’ll find that integrating iwoca is seamless and hassle-free. With all your data already in Nomi, you can complete a loan application quickly and efficiently.

 

Helping remove the cash-flow worries

We understand that cash flow can be a major concern for many small businesses and iwoca always strives to offer a quick and efficient solution to any funds problems. 

Recently, one of their clients needed an overdraft from their bank. At the same time, Iwoca proposed their services and both applications were completed. However, by the time the client received funds from Iwoca, the bank manager hadn’t even sent the report to the head office’s underwriters.

This incident highlights the remarkable speed of turnaround Iwoca offers to its clients, setting it apart from other banking solutions in terms of customer service and turnaround times.

 

How the Nomi ecosystem is helping you grow

One of the key benefits of using Nomi is the vast marketplace of cloud solutions and platforms it offers, which can be seamlessly integrated into your primary Nomi system.

For instance, NomiPay simplifies payments securely and efficiently, while DextPrepare automatically extracts data from invoices and receipts, providing valuable insights. The growth potential is enormous, not only for our practice and clients but also for the accounting industry.

We anticipate several years of opportunities to help many more businesses transition to Nomi and leverage the power of its ecosystem. If you’re interested in learning more about Nomi and iwoca, please don’t hesitate to reach out for a chat. 

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