The company has previously raised a USD 1.7 million seed round, which included backers such as Partech Ventures, Techstars Ventures, and Cabiedes & Partners.
NoviCap, which primarily focuses on Southern Europe and particularly Spain, provides a marketplace where SMEs can raise financing by trading their invoices.
Those buying the invoices - investors such as family offices, high-net-worth and corporate investors - are offered a discount, while NoviCap takes a commission on each transaction. The startup also pitches its marketplace as another way for investors to diversify their portfolios.
Novicap is a European fintech focused on providing end-to-end working capital solutions to SMEs, mid-market corporates, and public administrations. Through its proprietary technology platform, it offers Credit and SaaS solutions that enable customers to drive their business forward. Novicap actively supports thousands of businesses to help them deliver impact for their stakeholders.
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