UK small business lender iwoca, citing a data from industry body UK Finance, claim to have a 12% share of new small business overdrafts; this compare to an 11% share for HSBC, 9% for Santander and 30% for market leader RBS; iwoca offers small business loans up to £200,000 as well as online overdraft facilities; Christoph Rieche, the CEO and co-founder of iwoca, said, “The fact that we have grown so rapidly and overtaken two of the high street banks so quickly shows how badly small businesses have been served.” Source.