Online lender Spotcap joins Deutsche Börse’s programme for European growth funding
Rocket Internet’s newest fintech company selected for Deutsche Börse Venture Network
Berlin, August 4, 2015 – Online lending platform Spotcap announced today that it has been selected to join the “Deutsche Börse Venture Network” (DBVN). The programme 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. To become a member of the DBVN companies must fit certain application criteria such as running in a high growth stage.
“We are delighted to have been selected to join the Deutsche Börse Venture Network. This endorsement reflects Spotcap’s rapid growth and affirms our business success in the first year of activity”, said Spotcap co-founder and CEO Toby Triebel.
Over the past 12 months Spotcap raised 18 million euros in equity and debt funding from a group of investors including Rocket Internet, Access Industries, Holtzbrinck Ventures, and Kreos Capital. Spotcap is headquartered in Berlin, with local offices in Madrid, Amsterdam, and Sydney.
Spotcap leverages cutting-edge technology to meet the needs of small businesses more efficiently than traditional lenders. The company uses an innovative credit scoring technology that directly evaluates real-life business data to provide fast and flexible financing.