Spotcap, a Berlin, Germany-based online lending platform, has been selected to join the Deutsche Börse Venture Network (DBVN).
The program is designed to bring together new high-growth companies and investors to bridge funding gaps. The network provides its members with a non-public online platform to initiate funding rounds, along with training and networking events.
Led by CEO Toby Triebel and COO Dr. Jens Woloszczak, Spotcap provides flexible financing to enable small business owners to grow their business.
The fintech company has developed a dynamic decision process assessing the real-time performance of businesses to grant short term credit lines and loans.
Backed by Rocket Internet and launched in Spain in September 2014, the company has local offices in Madrid, Amsterdam, and Sydney. The team currently consists 60 credit and online experts. Over the past 12 months, the company raised €18m in equity and debt funding from a group of investors including Rocket Internet, Access Industries, Holtzbrinck Ventures, and Kreos Capital.