Spotcap creates opportunities for SMEs

Our unique approach to business lending is getting us noticed in Australia and globally

Our Mission

We empower SMEs with tailored finance, allowing them to focus on what really matters – their business. We are fuelled by a fundamental belief that easy access to financing products is beneficial to business owners.

Today business owners want a quicker, more versatile approach to borrowing. We provide fully unsecured business loans and use technology to make the lending process straightforward and swift. We base our decision on recent business performance rather than business plans and forecasts. This allows us to offer loans without the need for businesses owners to give personal guarantees and take on unnecessary risk.

The Spotcap loan has given thousands of business owners the confidence, security and freedom to achieve the vision for their business. It is available in five markets globally.

Spotcap Australia In Numbers

2014 Founded

120+ Employees

1000+ Customers

5000+ Active Partners

$100 Million Raised Globally

Spotcap operates in 5 countries

Our Managing Director

Lachlan 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 often more cost-effective 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 young family and soaking up all that life has to offer in sunny Down Under. Lachlan holds a Bachelor of Economics from the University of Sydney.

Timeline

Press coverage

“Lachlan Heussler, Managing Director of Spotcap Australia, says banks typically want security, such as a borrower’s home, but fintech lenders are keen to write unsecured loans and make decisions within 24 hours.”

“Spotcap will differentiate itself by offering a free line of credit for up to three months. As soon as the company starts drawing on the loan, it becomes a “vanilla amortising” business loan that has to be paid back within six months.”

“Spotcap’s better-than-expected launch has driven the company to more than double its maximum loan size to $250,000 for up to 12 months. The company has also lent to businesses from all states and territories, mostly to those in the retail and services sectors.”

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Press releases

Spotcap Awards Scholarship to Aspiring Fintech Entrepreneur

Spotcap’s Fintech Scholarship highlights the need for talent within the fintech industry and inspires the next generation Sydney, Australia – February 19, 2018 – Spotcap…

Spotcap And BAWAG Group Partner Up to Offer Same-Day Financing to Austrian SMEs

Global online lender launches Lending-as-a-Service proposition SYDNEY, Australia – 22 January, 2018 –  BAWAG Group and multinational online lender Spotcap today announce a market-leading strategic…

Spotcap Celebrates Third Anniversary

Sydney, Australia – 10 October, 2017 – In three years, online lender Spotcap has issued more than $180 million in credit lines to small and medium-sized enterprises (SMEs)…

Spotcap Announces Scholarship for Aspiring Students of Fintech

Sydney, Australia – 5 September 2017 – Online lender Spotcap is today launching its Fintech Scholarship program – an award of A$10k to help support…

Global Online Lender Spotcap Partners with Heartland Bank, Launches in NZ

Fintech company raises A$20million in funding from listed New Zealand bank SYDNEY, AUSTRALIA 31 January, 2017 — European-based online lender Spotcap today announces a partnership…

Online Lender Spotcap Launches in the UK

Spotcap has raised £56 million in equity and debt funding and issued more than £45 million in credit lines. It is operating in the UK with a credit license from the Financial Conduct Authority (FCA).

Fintech lender provides $11 million of finance to small businesses in first year

May 27, 2016 Spotcap experiences 30 per cent month-on-month growth, rapidly expands local presence SYDNEY, Thursday 26 May 2016 – In just one year online…

Online lending platform Spotcap raises nearly $50 million in funding

February 3, 2016  Finstar Financial Group acquires stake in FinTech company and becomes its major strategic partner Spotcap raises nearly $50 million (31.5M Euro) in…

Fintech lender makes credit more accessible for SMEs

November 23, 2015 Spotcap to become the first online lender to integrate with all six of Australia’s accounting software solutions SYDNEY, Monday November 23, 2015…

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