Spotcap has provided a quarter of a billion loans since its launch in 2014 in Germany.
Participaties reports that this adds to the claim that the European fintech sector is growing faster than the alternative financial sector. Niels Turfboer, Managing Director of Spotcap Netherlands, is vocal about the promising growth in the past years. In his view, the growth is ”thanks to the dedication of our team and entrepreneurs looking for new ways to access business finance.” Growth has not only occured in the figures, however. ”We have increased our credit limit to 300,000 euros and extended the term to 24 months.” states Niels Turfboer. ”We have also implemented state-of-the-art technology in the application and assessment process for optimal service provision. We now work together with strategic partners who purchase our technology in their credit and risk analysis.”
Spotcap is an online business lender, taking pride in combining traditionals principles in the realm of credit analysis with innovative technologies toward a fast and easy application process. The company provides loans for entrepreneurs for more accessible flexible business credits.
Read the rest of the story here.