The service offered by iwoca is available exclusively for sellers based in Germany.
Corporate financing
As a Kaufland Global Marketplace seller, you can benefit from the services offered by our financial partner iwoca.
iwoca was founded in 2012 and is a leading provider of alternative online loans in Germany. iwoca offers sellers quick and flexible financing to secure their liquidity and take advantage of growth opportunities. The lender makes it easier to efficiently finance inventory and helps prevent cash flow bottlenecks to ensure sellers always remain competitive.
Thanks to low access requirements and digital processes, iwoca enables sellers to receive the financing they need – often in just a few minutes. The non-binding enquiry process takes less than five minutes!
Your advantages when financing with iwoca:
- Credit amounts from €1,000 to €500,000
- Credit terms of up to 60 months
- Early repayment from day 1 without additional costs
- Option for a 3-month payment-free period
- Interest rates starting at 1% per month
- No securities required (guarantees for corporations)
- Apply in 5 minutes, money in your account in 48 hours
- Automatic credit check: Immediate decision up to €15,000
- Non-binding enquiry with no effect on credit rating agencies
Loans with delayed repayments
iwoca also offers lines of credit for which you only pay interest for the first three months, with no capital repayments. That means you can restock your inventory and expand your business, without being expected to immediately repay the loan. This way you can use your income for important expenses like marketing, operating costs or new stock, and react flexibly to market developments to effectively scale your business.
Financing with iwoca in just a few steps
1. Apply in 4 steps
Select your desired amount, enter your company details, provide personal information and upload documents in just a few minutes.
2. In your account in 48 hours
You will receive a business loan offer via e-mail in just a few hours. You then determine in your customer profile how much of the amount offered you would like to have paid out.
3. Flexible increases and repayments
Special payments or early repayment is possible at any time with no fee.
FAQs (provided by iwoca)
Which documents do I need to submit with my loan enquiry?
You will not need any annual financial statements or income accounts for your loan enquiry. You can easily and securely transmit your account revenue to iwoca via Open Banking. For amounts up to €50,000, you only need the account statements from your business account.
This way you quickly and easily receive the financing you need for your growth.
The following business documents are required for your loan enquiry:
Credit amount: €1,000 – €15,000
● Account revenue for your business account for the last 90 days
● No further documents are required for some loan enquiries up to €15,000 – receive an automatic credit decision in seconds!
Credit amount €15,001 – €50,000
● Account statements for your business account for the last 90 days
Credit amount €50,001 – €500,000
● Account statements for your business account for the last 90 days
● Business assessment, totals and balances list for the last two fiscal years as well as current business assessment and totals and balances list (not older than 4 months)
What are the requirements for receiving financing via iwoca?
Any company can submit a financing enquiry to iwoca, regardless of their legal form or sector! They only need to meet the following requirements:
1. Headquartered in Germany
2. At least 2 months of operational activity
3. More than €22,000 in annual revenue (both sales on Kaufland marketplaces and through other sources are taken into account)
What does an iwoca credit enquiry cost?
Your credit enquiry is completely free and non-binding. No registration or processing fees are charged, and there are no costs to repaying your loan early. You only pay interest on the outstanding amount.
During the financing, you only pay interest on the amount you are actually using. Current interest rates range between 1 and 2.99 percent per month and are calculated daily.
Example: If the credit term is 12 months, at a monthly interest rate of 1.9 percent, the effective financing costs would be around 12.8 percent per year. You can make additional repayments from the very first day, allowing you to influence your effective interest costs. The earlier you repay the loan, the more you save. No further fees will be charged.
What terms does iwoca offer?
iwoca offers loans with terms of up to 60 months. The loan must be repaid in monthly instalments during this time.
However, you have various options for flexibly adjusting your loan to your liquidity requirements during this time. For example, you can repay additional amounts early and free of charge to save on interest.
Can I apply for expanded credit?
You can enquire about increasing your loan amount during the active loan term. You will see in your customer profile when a loan increase is available. Each time the loan is increased, the original term for the entire credit line restarts.
Will I enter into any obligations through my application?
No. The application and processing are free of charge for you and non-binding. If iwoca offers you a loan, you will have a few days to decide whether you would like to accept the offer. Furthermore, you are not obligated to take out the full amount made available to you.