Saturday, April 20, 2024
No menu items!

Top 5 This Week

bama cap

Related Posts

Spotcap To Save SME’s From Long Procedural Financing



Spotcap, a new innovative online credit platform, is ensuring that sme’s have fast and flexible financing. The company’s mission is to enable business owners to invest and grow without having to worry about how to finance their projects.

- Ad -

Spotcap uses an innovative credit scoring technology that directly evaluates real-life business data from the customer’s online accounts. The company has launched its business in Spain with an initial focus on online merchants and plans to expand its service both geographically and across products.

SMEs account for 65 percent of GDP and 80 percent of total employed people in Spain. As such, SMEs fuel the Spanish economy and are often the driving force behind important innovations. The convenient and fast credit lines from € 500 – € 50,000 that Spotcap provides to small online business owners therefore play a vital role in supporting macroeconomic growth and increasing employment.

- Ad-

Toby Triebel, co-founder of Spotcap said: “Having worked in the industry for many years, I witnessed first-hand how smaller businesses struggle to receive funding from banks. With the goal to address these challenges, we created Spotcap in order to enable small businesses to fulfill their visions and grow without having to worry about financing.”

The business world is changing quickly and business owners require new and innovative ways of financing to grow their business. This is why the architects of Spotcap developed a unique algorithm which assesses the real-life financial performance of customers rather than solely looking at customers’ financial history. At Spotcap, online business owners simply connect their online merchant accounts and receive an instant credit decision. Once approved, businesses can flexibly draw on their credit line when they need it, in order to pursue opportunities as and when they arise.

- Ad -

So this works in four easy steps

- Ad -
Caroline Vutagwa
Caroline Vutagwa
Minding my own business is not enough for me that's why you will always find me minding Africa's Businesses as well as Technology and of course letting you know about it. Talk to me on [email protected]

Popular Articles