articles link to it . please introduce links to this page from related articles ; try the find link tool for suggestions . may 2015 spotcap global services type private industry financial services founder toby triebel jens woloszczak headquarters berlin germany area served spain the netherlands australia products online credits parent rocket internet website 1 spotcap is a multinational online credit platform that provides short term loans for smes . primarily aimed at entrepreneurs and smes in early stage business development the company targets customers who are underserved by traditional financial institutions . it aims to save customers time and money when searching for financing options . 1 spotcap uses a credit scoring technology that directly evaluates real life business data to provide fast and flexible financing . headquartered in berlin and with local offices in madrid amsterdam and sydney spotcap is backed by rocket internet one of the world s largest venture capital firms and startup business incubators . 2 3 it has also received investment from finstar financial group 4 holtzbrinck ventures 5 access industries 5 and kreos capital . 6 contents 1 history 2 business model 3 business need 4 see also 5 references history edit spotcap was founded in 2014 by toby triebel 7 8 and dr. jens woloszczak and has its headquarters in berlin . 9 the company was incubated by rocket internet and secured substantial investment led by access industries . spotcap became operative in spain in 2014 and in the netherlands and australia early the following year . in august 2015 the company was selected to join the deutsche b rse venture network recognising it as a high growth company . 10 in february 2016 the company secured a further 31.5 million in investment led by finstar financial group . 4 11 12 spotcap aims to expand into new markets and is currently scouting new locations in europe asia pacific and the americas . ceo and co founder toby triebel has called for greater regulation of the fintech industry 13 arguing that regulation will deter dishonest financial service providers from entering the market . business model edit spotcap is a provider of business loans to small businesses . smes often struggle to secure or access financing by virtue of being too small or lacking the financial history to qualify for bank loans . the service is fully automated and online with small business owners uploading their tax forms or connecting their merchant accounts to qualify for a credit line . the company s algorithm checks the real time business performance and creditworthiness providing instant feedback . 14 the credit score determines the payable interest rate and fees . the credit lines range from 1000 to 100 000 in spain 15 5000 to 150 000 in the netherlands 16 and 5000 to 250 000 in australia . 17 18 these credit lines can then be transformed into loans depending on the client s needs and desired payback schedule . 14 business need edit according to a recent survey by the federal reserve bank of new york 19 business owners spend approximately 25 hours on the search for credit . as a consequence the true cost of securing a loan always includes the time an entrepreneur loses trying to find it . with businesses continuously moving faster entrepreneurs are asking for a quicker and more flexible access to funding . lengthy delays can result in missed opportunities and the loss of competitive advantages . the decision process for a traditional bank loan takes up to several weeks . in line with this small business owners declare access to capital as their top growth concern . inc. reported that a substantial group of small business owners are discouraged from even applying for loans in the first place . current research from harvard business school 2 shows that small business lending continues to fall while large business lending rises . 20 while loans for larger businesses have increased since the financial crisis loans for small businesses have dropped about 20 percent . see also edit lending smes disintermediation fintech references edit spotcap wants to make financing easier for small businesses . the next web . rocket internet backed lender spotcap close to new fundraising . bloomberg . seven european startup hotspots to watch . forbes . a b o hear steve . rocket internet s spotcap raises further 31.5 m to lend to small businesses . techcrunch . retrieved 2016 05 12 . a b access industries und holtzbrinck investieren in rockets spotcap . gr nderszene magazin . retrieved 2016 05 12 . kreos capital pumpt geld in spotcap und mehr . deutsche startups.de news zu startups venture capital und digitalen jobs . 2015 03 20 . retrieved 2016 05 13 . interview with toby triebel . finsmes . interview with toby triebel . sociali apps . rocket internet startet finanz startup spotcap in madrid . huffington post . deutsche b rse venture network deutsche b rse venture network . www.venture network.com . retrieved 2015 09 30 . finstar financial group acquires stake in fintech company and becomes its major strategic partner . reuters . 2016 02 02 . retrieved 2016 05 12 . stefannicolabbg stefan nicola . russian billionaire buys into german online lending startup . bloomberg.com . retrieved 2016 05 12 . 7 questions with toby triebel co founder and ceo of spotcap fintech forum english . fintech forum english in german . 2015 05 07 . retrieved 2016 05 12 . a b how spotcap works . spotcap pr stamos para empresas . www.spotcap.es . retrieved 2016 05 19 . zakelijk krediet of bedrijfskrediet tot 150.000 spotcap . www.spotcap.nl . retrieved 2016 05 19 . http www.spotcap.com how it works 26.html spotcap unsecured business loans from 5 000 250 000 . www.spotcap.com.au . retrieved 2016 05 19 . small business credit survey federal reserve bank of new york pdf . the state of small business lending pdf . retrieved from https en.wikipedia.org w index.php title spotcap & oldid 732732912 categories internet companies of germanycompanies based in berlinhidden categories cs1 german language sources de use dmy dates from october 2015orphaned articles from may 2015all orphaned articles navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages espa ol edit links this page was last modified on 2 august 2016 at 21 55 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view