Spotcap, an online lender based in Germany, has announced that it has issued over €120 million in credit lines to small and medium-sized enterprises (SMEs).
Spotcap also shares it has raised an additional €22 million of equity and debt funding from its existing investor network. In total, Spotcap has received €100 million of investment since its launch in September 2014. The company now claims to be one of the best funded Fintechs in all of Germany.
Jens Woloszczak, Spotcap Founder and CEO, said they have experienced significant growth during the past three years. Their growth is testiment to the intrinsic demand for SMEs to have access to accessible financing. Spotcap has now established a distribution network of more than 10,000 intermediaries including financial advisors, accountants and finance brokers.
