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CapitalBox accelerates European expansion with Spotcap NL acquisition

This article previously appeared in IBS Intelligence

Pan-European SME funding platform, CapitalBox today announced the acquisition of the Netherlands division of Spotcap Global. Spotcap NL is an online SME lender in the Dutch market and is expected to help CapitalBox to further its ongoing European expansion. The acquisition will build on CapitalBox’s footprint and offer access to 1.1 million SMEs in the Netherlands.

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.

CapitalBox acquires Dutch SME lender Spotcap

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.”