Spotcap to enter NZ market offering unsecured loans to SMEs

Mon, 30 Jan 2017

By Jonathan Underhill Jan. 31 (BusinessDesk) - Spotcap, a Berlin-based lender to small and medium-sized businesses, is to enter the New Zealand market offering unsecured credit lines and business loans of up to $250,000. At the same time, Heartland Bank announced a funding facility for Spotcap Australia that it says will help grow its presence across the Tasman. Spotcap, which operates in Australia, the UK, and mainland Europe, was founded in 2014 by chief executive Jens Woloszczak. It can provide unsecured loans to qualifying firms "o...

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