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To allow small, medium and large companies to access working capital financing through invoice finance and thus improve their cash flow
13% employee growth in 12 months
SMEs often face delays when receiving invoice payments from large clients, resulting in cash-flow problems and logistical difficulties. NoviCap was created to provide a platform where SMEs can generate quick financing in order to mitigate this previously unavoidable problem.
NoviCap differs in that it offers a lateral solution to traditional banking options, which can often take weeks to confirm funding. Its automation, flexibility, and fully accessible online platform also means that SMEs can hold increased ownership of their financing, unlike with traditional banks.
Having experienced growth in 2023 thanks to 200 million euros in lending capital, the company is expanding its platform to accommodate all sizes of enterprises, not just SMEs. Competitors include UK-based MarketInvoice, and in the future NoviCap looks to maintain its status by continuing to focus on developing other services that set the company apart from the banking circuit.
Freddie
Company Specialist at Welcome to the Jungle
Nov 2017
$1.1m
EARLY VC
Jun 2017
$0.4m
SEED
This company has top investors
Federico Travella
(CEO)Previously the Managing Director at Rocket Internet SE and worked in Business Intelligence & Marketing at Lazada Group. Travella currently sits as an External Expert for the European Commission.
Marc Antoni Macia
(COO)Was the Head of Business Intelligence & Strategy at Westwing Home & Living. Macia also co-founded Pallia in 2012 and is a current Guest Lecturer at EADA Business School and UPF Barcelona School of Management.