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www.spotcap.com.au Spotcap Press Kit Australia
www.spotcap.com.au
Spotcap Press KitAustralia
Financing business opportunities
What is Spotcap?Spotcap provides business finance to small and medium-sized businesses. We are unique in having developed a credit algorithm that draws data from a small number of financial reports to give us a robust understanding of a firm’s commercial health. This enables us to make sound decisions about o�ering loans.Spotcap is headquartered in Berlin, with local o�ices in London, Amsterdam, Madrid and Sydney.
What is Spotcap’s mission?Spotcap was founded with an entrepreneurial spirit and a considerable objective: empower SMEs to create and embrace growth opportunities. Today Spotcap is a trusted online lender, known for providing an unparalleled user experience. Our leading technology enables the e�icient provision of finance to our customers, allowing them to focus on what really matters, growing their business.
How does Spotcap work?
1. Online applicationBusiness owners can apply for a credit line online at www.spotcap.com.auby entering some personal and business information. Spotcap o�ers lines of credit from $5,000 to 250,000.
3. O�erOnce a business has been approved, Spotcap will o�er the business a line of credit. The total amount available to the business and the interest rateis based on our assessment of the business.
4. Flexible financeBusinesses won’t be charged to accept the credit line o�er, in fact they won’t be charged at all until they decide to withdraw funds from the credit line. Business can choose to withdraw funds as and when they are needed.
2. E�icient assessmentSpotcap’s cutting-edge technology platform and credit assessment algorithm will analyse the performance and creditworthiness of the business within 24 hours.
The Spotcap Advantage
Spotcap is disrupting business lending by o�ering e�icient financialsolutions to SMEs
Spotcap’s customer baseSpotcap addresses the financing needs of small businesses. SMEs are the backbone of the global economy and o�en the driving force behind important innovations. These businesses o�en struggle to get financing because of their size or lack of credit history. Spotcap provides e�icient financial solutions in the form of credit lines from $5,000 to $250,000.
Hear from Spotcap’s customers
I run a CrossFit accessories business. I wanted to create another innovative product but I needed money to finance the design and manufacture. My bank turned me down for a business loan - I still have no idea why. I couldn’t have done it without Spotcap. They were willing to look outside the box and help me when my bank wouldn’t.
What I liked about Spotcap was that they were willing to listen to our story and the growth that were experiencing and work with us to find a solution. Something I wasn’t getting from other major lenders. Just knowing that the funds are there has given me peace of mind. It’s a safety net we can rely on if we need to.
Kym Rayfield, Founder JAW Global
Navid Bahadori, Co-founder, Broken Yellow
Spotcap’s application process saves SMEs time - it takes less than five minutes to apply online.
A credit line from Spotcap o�ers enough flexibility to support small business growth. Spotcap allows customers to withdraw money when they need it, as o�en as they like.
Finance is more accessible than ever because Spotcap focuses on real-time business and financial performance, not just a backward looking credit score.
If you need any further information about Spotcap please feel free to contact us:
Keeley Reynolds, Head of Communications: [email protected] | tel: +61 0401 342 772
www.spotcap.com.au
Lachlan HeusslerManaging Director Spotcap Australia & New ZealandLachlan has worked in financial services for the last 15 years, both in Sydney and New York. For the last 5 years, Lachlan has been at the intersection of finance and technology, helping to bring several smaller start up businesses to market. During this time, Lachlan has witnessed the profound impact that technology can bring to the average consumer of financial services, making them much easier to use and o�en more cost-e�ective in the process. Prior to that, Lachlan worked in the capital markets businesses of global investment banks Deutsche Bank, UBS and Citigroup as both a salesperson and trader. When he’s not immersed in the world of fintech, Lachlan enjoys spending time with his daughter and soaking up all that life has to o�er in sunny Down Under. Lachlan holds a Bachelor of Economics from the University of Sydney.
Jens Woloszczak holds a degree in industrial engineering from the Technical University of Berlin and studied economics at Cass Business School. Jens worked as a consultant for McKinsey & Company for more than five years, where he focused on the commercial banking sector. Working for major European banks, Jens experienced the outdated approach these banks took towards working with SMEs. Jens saw an opportunity in the industry and co-founded Spotcap, with the aim of changing the banking landscape by using the latest technologies to address the financing challenges faced by small businesses.
Jens WolosczcakCEO and Founder
