Prior to this funding, Spotcap’s Australian operations, launched in early 2015, had been funded through the company’s global facilities in place in Europe, with A$110 million raised in global equity and debt funding. The funding facility is also the company’s first to come from a bank, which Lachlan Heussler, managing director of Spotcap Australia and New Zealand, said is important in terms of validating Spotcap’s business model. “This also allows us, as a group globally, to diversify our funding sources by investor types. It’s important for us to have diverse funding sources for our balance sheet as we start to scale the business operations globally,” he said. The partnership with Heartland had been in the works for around a year, though Heussler said Spotcap had been talking to all manner of potential partners across Australia over the last 18 months.

http://www.startupdaily.net/2017/01/spotcap-australia-raises-20-million-funding-facility-new-zealands-heartland-bank-expand/