Spotcap, a Madrid, Spain-based online credit platform, recently secured €13m in funding.
Backers included Access Industries, the industrial group controlled by Len Blavatnik, and Holtzbrinck Ventures.
The company intends to use the funds to grow further in Spain and expand to other markets.
Co-Founded in Madrid in September 2014 by Toby Triebel and Jens Woloszczak, Spotcap uses an innovative credit scoring technology that directly evaluates the clients’ real-life business data to offer credit lines. Backed by Rocket Internet, Pablo Pastega is heading the Spanish operations in Madrid. The team currently consists of over 30 credit and online experts.