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.”