CAPITALBOX IN THE MEDIA
Today in European Tech
This article previously appeared in Tech.Eu
CapitalBox, the online pan-European SME funding platform, has acquired the Netherlands division of fintech company Spotcap Global as part of its own ongoing European expansion.
CapitalBox acquires Spotcap NL to help SMEs in today’s difficult times
This article previously appeared in Business Money
Spotcap NL will continue under the CapitalBox name and brand. The transition will take place over the coming months. The Spotcap brand will continue to thrive, but only as a Lending-as-a-Service provider helping financial institutions globally to digitize their SME lending with the LendSuite proposition.
Acquisition of SME fintech lender
This article previously appeared in London Loves Business
CapitalBox the leading online pan-European SME funding platform, today announces the acquisition of the Netherlands division of fintech company Spotcap Global as part of its own ongoing European expansion. Spotcap NL is one of the most prominent online SME lenders in the Dutch market.
CapitalBox acquires Dutch SME lender Spotcap
This article previously appeared in Finextra
“Spotcap has built a great business in the Netherlands. By merging our knowledge and the teams, we will be stronger than ever and do a better job financing SMEs who want to grow.
This is especially important when our economies transition back to normality and conventional banks continue to underserve the vitally important SME segment.
The smaller SMEs we serve are truly the backbone of the economy. In the EU about 98% of companies have less than 50 employees and these provide about 50% of the jobs. The better we can help them with the financing they need to succeed the better off we all are.”
Is fintech the key to the UK’s trading future?
This article previously appeared in ICAEW
The real opportunities in fintech come from targeting smaller countries, rather than large markets, says Donnelly. He believes the size of the US and UK market holds companies in those regions back from expanding globally – trading internally is much easier than trying to get to grips with multiple languages, currencies and regulations.
Closing the funding gap: How alternative lenders the secret to SME survival in Europe
This article previously appeared in Finance Digest
Alternative lending has been a go-to substitute for financing SMEs for the past several years. This avenue of funding differs from traditional banks and is typically more flexible, faster and has a higher approval rate.
Traditional banks are struggling to keep up with the arrival of fintech innovators offering this type of lending. The ability to leverage the latest technology without the hindrance of legacy systems and organizations has allowed fintech companies to move quickly and efficiently into the gaps left unserved by conventional banks.