Spotcap, a fintech startup that operates an online lending platform for SMEs, continues to fast-track its presence and influence in Europe. Backed by Rocket Internet, Finstar Financial Group, Holtzbrinck Ventures and other leading investors, Spotcap is a name that international fintech industry insiders and experts closely monitor.
Thus, on September 19, Spotcap was named among top 10 fintech startups in Germany, a country established as the European leader in fintech. FinTech News, a leading European publication in the digital finance sector, prepared the list.
Spotcap lends to small and medium-sized enterprises. Its unique credit rating algorithm allows it to offer applicants a loan decision within a few minutes. Spotcap uses innovative credit scoring technology that directly evaluates real-life business data to provide fast and flexible financing. Spotcap has enabled thousands of SMEs to innovate, remain competitive and grow. On February 2016, Finstar Financial Group, founded by Oleg Boyko, with participation from previous investor Holtzbrinck Ventures, became Spotcap’s major strategic partner and invested in it EUR 31.5 million to expand lender’s operations globally.
Among other companies listed in the top 10 are a German direct bank, N26, an online lender, Kreditech, a ‘Banking as a Service’ platform, Figo, a peer-to-peer loan marketplace, Auxmoney, a pan-European marketplace for savings products, Raisin, digital investment service, Scalable Capital, an online social lending platform, Smava, a developer of ecosystem and marketplace for payments, Aevi, and a POS system for the hospitality industry, Orderbird.
