Leading European small business lender iwoca has launched a new payments product today; called iwocaPay it is designed to help reduce risk and speed small business payments during these challenging times; small business customers can choose payment terms up to 90 days while suppliers can be paid immediately through iwoca; Christoph Reiche, CEO of iwoca, said, “What’s emerging is a concerning game of ‘tug of war’ between small businesses as they look to survive and plan for the future. We believe the first and most obvious change is to make payment terms fairer between suppliers and customers.” IBS Intelligence
