Capcito Raises €7M in Funding
Summary
In connection with the investment, Dan Ouchterlony from Schibsted and Tero Mennander, General Partner at Ventech Europe, will take up seats on Capcito’s board. The company intends to use the funds for international expansion and further sharpening of its digital product. Founded in 2015 by Michael Hansen, Mattias Axlind, Henrik Dyberg and Niklas Möller, Capcito currently offers three types of financing to SMEs: factoring, invoice discounting and business loans. So far, 6,000 businesses have connected and are profiting benefitting from access to a pre approved credit facility, factoring and invoice discounting services. Approximately €80m have been paid out to businesses through the automated financing platform.
Funding
Amount
$7.7M
Total raised
Date
September 4, 2019
Announcement date
Investors
Ventech, SEB Venture Capital
Lead investors
Company
https://www.capcito.com
Funded company
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