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Berlin-based fintech company, Spotcap, secured EUR 31.5m in Series B financing, led by international private equity firm, Finstar Financial Group. Spotcap intends to use the funds to expand its operations globally and to finance its online business lending activities in Spain, the Netherlands, and Australia.
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Unlike the Valley, Continental Europe is a few years behind, says Triebel, noting that there are very few large fintech companies in the region for bullish investors to put their money into and that demand for this round was high, including significant interest from the U.S.
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