Spotcap

lendingonline loans

FOUNDING YEAR: 2014
LOCATION: Germany
Last Update: 01/05/2020

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive WhatsApp community where you can engage in discussions with global industry experts!

About

Spotcap is a multinational fintech operating in the SME lending space. Founded in 2014, it has originated more than EUR 400 million in credit lines operating as a direct lender to SMEs in the United Kingdom, Netherlands, Spain, Australia and New Zealand. Its success in these markets stems from a strong customer service culture and its loan application technology, which allows processing of all cases within one working day. Together they create an efficient and high-quality business finance experience, which has earned Spotcap a position as a top-rated business lender.Since 2018, Spotcap has also been partnering with financial institutions, offering an end-to-end business lending platform with proprietary document recognition and risk assessment algorithms. The company has entered strategic partnerships with multiple organisations, such as with BAWAG Group in Austria and buy-now-pay-later provider Zip Co in the ANZ region, to offer same-day financing to SMEs in their respective regions.

MEDICI Analysis

Spotcap is an online platform that enables small business owners to grow their business by providing flexible and accessible financing. The platform has developed a sophisticated and dynamic decision process assessing the real-time performance of businesses to grant short-term credit lines and loans. The company is backed by Rocket Internet.

Focus

PRODUCTS & SERVICES

Online line credit lines for SMB's. It is the easiest and fastest way to get a credit line of up to $250,000 for businesses

REVENUE MODEL

The company generates revenue from the interest rates (spotcap charges 6%pa)

MAIN CLIENTS

Kmpg

Afg

Fbaa

Traction

VALUATION / MARKET CAP:

$193.8 M in 2017

TRACTION COMMENT:

Spotcap has issued more than 65 million euros in credit lines to SMEs to date. (Jan 2017).

People

FOUNDERS

Jens Woloszczak

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Access Industries

Finstar Financial Group

Heartland Bank

HV Holtzbrinck Ventures

Kreos Capital

Rocket Internet

KEY EMPLOYEES:

Jens Woloszczak(CEO)

Toby Triebel

Momentum

FUNDED

YES

NUMBER OF FUNDING ROUNDS

5

TOTAL FUNDING

$107.32 M

DATE OF LAST FUNDING

Oct 2017

FUNDING SERIES

SERIES A  · $16.56 M  · Oct 2014

SERIES B  · $34.41 M  · Feb 2016

SERIES C  · $15.02 M  · Jun 2016

OTHERS  · $41.33 M · Oct 2017

DEBT FUNDING

$35.74 M

LISTED

NO

COMMENT

Debt financing: $20 M(Jan 2017)

Join the exclusive global FinTech community

Be a part of the global FinTech community on WhatsApp