8 years ago

NoviCap Secures €1 Million to Expand Fintech Platform

  • NoviCap, a fintech startup based in London and Barcelona, raised €1 million in funding led by Partech Ventures and Techstars Ventures, bringing the total amount raised to €3 million

  • The funding will be used to expand NoviCap's operations in Northern Europe and the US

  • NoviCap's platform allows SMEs to access capital tied up in their long-dated invoices, having financed over 2800 operations to date.

      • ProblemFinancial Services

      "Small and medium-sized enterprises (SMEs) often struggle to access capital, especially when their customers pay them on extended terms."

      Solution

      "NoviCap provides a platform that allows SMEs to access the capital tied up in their outstanding invoices by offering them immediate cash advances."

      Covered on