– SWEDEN, Stockholm – Capcito Finance, a fast-growing fintech company that automates loans and financing to companies, with a completely digital product, today announced that the company has now closed its third round for a total of SEK 74 million. New partners are Schibsted Growth and Ventech, an international VC. The existing shareholders SEB Venture Capital and Collector Ventures have both defended their ownership in the company.
In connection with the investment, Dan Ouchterlony, from Schibsted and Tero Mennander from Ventech, also takes a seat on the company’s board of directors.
The investment means that Capcito can now invest in further sharpening its digital product – as well as expanding to other countries and hiring more people to help the company continue to grow.
“We are going to change this industry, and welcome everyone who can contribute to our growth journey,” concludes Michael Hansen.
Capcito has grown strongly over the past 12 months, increasing the number of active customers by 500% – in an industry with increasingly tough competition. In total, Swedish companies have helped with approximately SEK 800 million in financing.
“We see that there is strong demand among growing companies by a more affordable, flexible and digital player,” said Michael Hansen, founder of Capcito
“Financing is one of the biggest challenges for companies that want to grow, and the options available are rarely reasonably priced or flexible. I am convinced that this is why we are growing strongly in a market with stiff competition, with many old-fashioned players, ”says Michael Hansen.
“Capcito can help companies and entrepreneurs with financing, in a whole new way. Finally, fintech for companies is starting to move, both in Sweden and internationally. We want to be part of that ” – Says Dan Ouchterlony, Investment Manager at Schibsted Growth
Capcito’s credit rating is automated, which means that loan space is automatically calculated in 1 minute based on real-time data from invoice or accounting programs. 6,000 companies have so far linked their program to Capcito and thus have an available credit that is updated in real-time – and which only costs when used.
“We see that Capcito is ripe for taking its concept of automated financing and changing the market – and this is a journey Ventech wants to be part of. I look forward to helping Capcito with internationalization and continued rapid growth” – Says Tero Mennander, General Partner at Ventech Europe
About Capcito products
Capcito currently offers 3 forms of corporate financing: selling invoices, mortgaging invoices and corporate loans. The unique thing about Capcito is automated credit assessment. This means that a dynamic credit is calculated directly when you link your business system. 6,000 companies have so far linked their program to Capcito, and thus have access to a credit that is updated continuously based on real-time data, and costs nothing when not in use.
About Capcito
Capcito was founded in 2015, and was born out of the serial entrepreneur and investor Michael Hansen’s frustration over how complicated and time-consuming it was to fix growth finance for his companies. Together with Mattias Axlind, he created the first version of Capcito’s financing product, with early reinforcement by Henrik Dyberg and Niklas Möller.
Galjaden believed in the idea and became the first investor. In 2017 SEB Venture Capital and Collector Ventures entered into a total of 20 million – and also signed agreements for credit lines, that is, the money Capcito lends to entrepreneurs.
For more information : https://www.capcito.com
About Schibsted
Schibsted combines a long and proud publicist tradition, dating back to the 19th century, with digital innovation and entrepreneurship. Operations include companies such as Blocket, Aftonbladet, Svenska Dagbladet, Lendo, Prisjakt and TV.nu.
For more information : https://schibsted.com
About Ventech
Ventech invests in fast-growing startups that are active in the digital economy through their local offices in Paris, Munich and Helsinki. Ventech has invested over EUR 900 million in total since 1998, in over 150 companies in Europe, China, Russia and the USA.
For more information : https://www.ventechsolutions.com
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