CapitalBox Acquires Omnivetas business
Summary
Led by CEO Christian Hierwagen, Omniveta is an invoice purchasing company dedicated to improving lending liquidity for SMEs across Denmark. Through its KontantVedAccept™ program in particular, Omniveta has been able to strengthen collaboration with strategic suppliers to achieve an immediate improvement in liquidity for Danish SMEs. Suppliers receive cash payment, while the company’s SME clients are able to keep the agreed credit period, which is financed by Omniveta. CapitalBox provides alternative funding solutions to businesses for European economy. Founded in 2015 as part of Multitude Group’s growth platform, the fintech lender provides an automated online business loans up to €2M that can be delivered in minutes following a successful application.