Small and medium-sized enterprises (SMEs) represent 99% of all businesses in the EU, and therefore form the backbone of Europe’s economy. They employ around 100 million people, as well as account for more than half of Europe’s GDP. Besides, SMEs bring innovative solutions to challenges like climate change, resource efficiency, and social cohesion and help spread this innovation throughout Europe’s regions.
CapitalBox acquires Spotcap Global
In the recent development, Ferratum Group’s subsidiary CapitalBox, an online pan-European small and medium-sized enterprises (SME) funding platform, has acquired the Dutch division of Netherlands-based fintech Spotcap Global as part of its own ongoing European expansion. The parties involved have agreed not to disclose the purchase price of the acquisition.