M&A Intern - manda

The Company

Small businesses move fast. Opportunities often don’t wait, and cash flow pressures can appear overnight. To keep going and growing, SMEs need finance that’s as flexible and responsive as they are. That's why we built iwoca. Our smart technology, data science and five-star customer service ensures business owners can act with the speed, confidence and control they need, exactly when it's needed.

We’ve already cleared the way for 100,000 businesses with more than £4 billion in funding. Our passionate team is driven to help even more SMEs succeed, through access to better finance and other services that make running a business easier. Our ultimate mission is to support one million SMEs in their defining moments, creating lasting impact for the communities and economies they drive.

Hybrid in London or Leeds, United Kingdom.

We're looking for an M&A Intern to join manda, iwoca's M&A platform. This is a paid off‑cycle internship of up to 6 months with the intention to convert into a full‑time analyst role. Manda is where AI meets Mergers & Acquisitions. Over the last months we’ve built an unbeatable proposition for the UK market of buying and selling small businesses, and our pipeline is growing rapidly across both sell‑side and buy‑side.

You’ll sit inside the manda Deal Team and work directly with the people running the platform: our sell‑side and buy‑side Transaction Managers, our Due Diligence Manager, and the Venture Lead. The team is small enough that you’ll be in the room for real decisions on live deals, and the tooling we use (CRM, VDR, AI‑automated workflows) is being built in parallel by the same people you’ll be working alongside.

The internship is split into two phases to give you both breadth across the deal engine and depth on a project you own.

You’ll be embedded into one or more of our live work streams depending on deal flow and team priorities. Likely placements include:

• Sell‑side execution: supporting our sell‑side Transaction Managers across the deal lifecycle. Qualifying inbound and outbound vendor leads, preparing materials, populating Virtual Data Rooms, and coordinating buyer Q&A.
• Buy‑side execution: supporting our buy‑side Transaction Manager managing the live pipeline of searchers and acquirers. Qualifying buyer mandates, matching them to live sell‑side opportunities, and helping move deals through to LOI.
• Due diligence support: working with our DD Manager on company valuation and diligence for live sell‑side mandates. Turning raw SME data into clear reports on business model, financial position, and fair valuation.
• Origination: identifying SMEs likely to sell, running our “likely seller” models against iwoca's customer base, and converting matches into mandates.
• Product, data & AI: turning manual workflows into automated ones, mapping the data schema for our “Digital IM”, and building AI‑enabled tooling that gives our Transaction Managers leverage. You’ll work closely with the Venture Lead on this.

Once you’ve built the foundation, you’ll scope a project with the Venture Lead to solve a real problem or seize an opportunity you’ve identified during Phase 1. You’ll spend the rest of the internship executing it end‑to‑end with full ownership and regular check‑ins. Past examples of the kind of project we’d back include a model that scores acquisition targets against a buyer’s mandate, an AI workflow that drafts a first‑pass IM from raw accounts, or a structured outbound channel into a new vendor segment.

• You are need‑driven. You take whatever is in front of you and move it forward, whether that’s fixing a broken spreadsheet, calling a vendor, or cleaning up CRM data. You don’t wait to be told what’s important.
• You are financially literate. You can read a P&L and a balance sheet, spot what’s odd, and ask the question that surfaces the real story behind the numbers.
• You are tech‑curious. You bring your own stack, you’re already using AI tools to multiply your output, and you treat any manual workflow you see as a candidate for automation.
• Yo…