Lender plans to create 100 jobs in the city by 2023.
Direct lender Iwoca has chosen the UK city of Leeds as its second major UK office, where it plans to hire 100 new staff over the coming years.
The site, announced by Iwoca this morning, will open in the new year and be the base of a growing team of developers, customer support teams and relationship managers.
Leeds was chosen as part of Iwoca’s £10m BCR grant, which saw it pledge to support the 79% of its customers who are based outside London with a new regional office.
“We looked at several cities and Leeds stood out as a natural second home from where we could support even more small businesses across the UK,” said Seema Desai, Iwoca’s Chief Operating Officer.
“We were particularly impressed with the size and quality of Leeds' talent pool, its strong and improving infrastructure, as well as the city's own distinctive culture and soul.”
Desai added that Iwoca’s aim is to fund 1m small businesses “so we need smart, hands-on people to help us reach this goal”.
Iwoca claims to be the first major fintech to open an office in Leeds, and received support in its decision-making process by Roger Marsh, Chair of Leeds City Region Enterprise Partnership, and the Department of International Trade.