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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.
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.
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
The company generates revenue from the interest rates (spotcap charges 6%pa)
$193.8 M in 2017
Spotcap has issued more than 65 million euros in credit lines to SMEs to date. (Jan 2017).
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