iwoca Reviews | Glassdoor

iwoca Reviews

Updated December 8, 2018
49 reviews

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4.6
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Christoph Rieche
41 Ratings

Employee Reviews

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Pros
  • "The bosses are willing to consider flexible working arrangements if deemed necessary" (in 7 reviews)

  • "Highly dynamic, fast-paced, hard working environment" (in 6 reviews)

Cons
  • "Career opportunities exist but are less numerous than in a bigger corporation" (in 3 reviews)

  • "iwoca is very fast paced and always changing/improving, this suits me and the people who work here, but it may not suit everyone" (in 3 reviews)

More Pros and Cons

  1. "Great place"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at iwoca full-time

    Pros

    flexible, fun, fast-paced, progression, rewarding

    Cons

    I don't have anything negative to say.


  2. "Lots of opportunity to grow"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Business Analyst in London, England (UK)
    Current Employee - Business Analyst in London, England (UK)
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at iwoca full-time (Less than a year)

    Pros

    • The people at iwoca are friendly, smart, and generally great to work with. I think this is a lot to do with the fact that iwoca strongly considers cultural fit in the hiring process, which means that regardless of their experience or skillset somebody that would have a negative impact on company culture isn't considered.
    • There's a lot of opportunities to make the job your own: there's freedom take on the kind of tasks that interest you or that you feel will add the most value.
    • While there's some hierarchy, it doesn't get in the way of people contributing their opinions and ideas. Everybody's contributions are valued equally and you're encouraged to challenge each other - even if the person you're disagreeing with is your manager or the CTO.
    • There is a formal quarterly feedback process, which means that at a minimum you are able to receive and give others feedback on performance every three months. That said, it's encouraged to give/ask for feedback more regularly than that.
    • The People Ops team have been introducing a lot of resources/schemes to facilitate the learning + development of employees. This includes training managers about how to better manage and deliver feedback to their teams.
    • Team leaders make an effort to be transparent about how their teams are performing, what's happening with the general business, whether we're on track to reach company wide or team goals, and whether there's anything new/important on the horizon for iwoca.
    • The perks are pretty great too - food/drink in the office, regular retreats abroad, pool/foozeball/table tennis, cheaper climbing passes, discounts on gyms and restaurants, yoga classes, pension scheme... etc.

    Cons

    • You're expected to work very independently and figure out what it is you should be doing in order to add the most value, and there's not always a huge amount of guidance available to help you to do so. This is quite intimidating when you first start and don't know huge amounts about how the business operates, but you figure it out after a while.
    • Working hours can be quite long, making a work/life balance harder to maintain.
    • Senior management are crazy busy (which is true of everywhere), so it's difficult to get face time with them.

    Advice to Management

    iwoca has made a huge effort to maintain a positive working culture and empower its employees over the past year... Keep doing that. Make sure to regularly ask employees what they're scared of losing as we grow, what they really value about working here, what they don't like, and respond to that feedback accordingly.

  3. "Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Manager in London, England (UK)
    Former Employee - Manager in London, England (UK)
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at iwoca full-time (More than a year)

    Pros

    Amazing team, solid leadership, interesting technology challenges and fast growth.

    Cons

    The natural ambiguity of a young company might not be for everyone.

    Advice to Management

    Keep doing what you're doing, and don't stop striving for even stronger staff engagement.


  4. Helpful (2)

    "Open, honest, happy and progressive"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in London, England (UK)
    Current Employee - Anonymous Employee in London, England (UK)
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at iwoca full-time

    Pros

    Full transparency on all levels
    Changes implemented quickly once proofed.
    Brilliant Offices
    Progressive outlook
    Amazing perks-incentive to work hard
    The best people.
    Lots of CPD

    Cons

    Expect long hours(but they go quickly)
    Steep learning curve to the non-tech savvy

    Otherwise, should have applied sooner.

    Advice to Management

    Keep the people incentived, educate them more, keep them happy and they will stick with you.
    Keep doing what you’re doing.

    As-hoc surprise bonuses would be great too.


  5. Helpful (1)

    "Great company to work for"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Marketing & Business Development Intern in London, England (UK)
    Former Employee - Marketing & Business Development Intern in London, England (UK)
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at iwoca (Less than a year)

    Pros

    great team mentality
    amazing office
    very open environment
    lots of opportunities for personal growth

    Cons

    working hours can be rather long


  6. Helpful (8)

    "All that glitters..."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at iwoca full-time

    Pros

    summer/ winter house, large office in good location, plenty of good food in the office, the quarterly rocket awards are a fun way of "spending" the perks-budget.

    Cons

    Inexperienced managers who see micro-management as the cure for everything. When things go wrong the whole company starts a massive blame game and gets a speech from the CEO along the lines of: you need to work harder.

    There is a back-stabbing mentality all around. Outside hires are preferred to developing existing talent and the turnover rate shows. The departments barely communicate with each other, let alone collaborate or work with each other. Especially tech and operations have close to no interaction.

    Advice to Management

    Less hypocrisy and more treating your people like adults. They may choose to behave as such.


  7. Helpful (1)

    "Awesome company with awesome people"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at iwoca full-time

    Pros

    Great people and work environment

    Cons

    Nothing comes to mind so far!

  8. Helpful (1)

    "Incredible opportunity"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at iwoca part-time (Less than a year)

    Pros

    + Fantastic working culture, everyone is fully behind iwoca's mission and in line with the company's ethics.
    + Work retreats
    + Fully stocked kitchen
    + Start-up culture and approachable senior staff members

    Cons

    - Fast pace and variety of work on offer may not suit everyone

    Advice to Management

    Keep up great levels of engagement, keeping employees in the loop


  9. Helpful (1)

    "A great company to work for!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Account Manager in London, England (UK)
    Current Employee - Account Manager in London, England (UK)
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at iwoca full-time (Less than a year)

    Pros

    iwoca is a great place to work, and you can tell the company culture has been integral to the success of the business so far. Everyone who works at iwoca is very driven and passionate about the business and our collective goals/objectives. The office is an inviting place, with many different spaces to work and engage with friends (colleagues). The working houses that are set up every 6 months are also a real point of difference!

    Cons

    iwoca is very fast paced and always changing/improving, this suits me and the people who work here, but it may not suit everyone.

    Advice to Management

    Keep promoting out of the box ideas and innovations, keeping the iwocan spirit alive and that 'Start up/fintec' feel.


  10. "Operations"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    I worked at iwoca full-time

    Pros

    Good place to work if you dont mind some ambiguity in your role and there are many learning opportunities

    Cons

    Culture is quite stale for a young company

    Advice to Management

    Less emails, more face time and take a more active approach to your management responsibilities