Billionaire Oleg Boyko invested in German online bank Spotcap

Finstar investment holding, controlled by Russian billionaire Oleg Boyko, invested in German online bank Spotcap.
02.02.2016
Forbes
Origin source
CEO Spotcap Toby Triebel told the agency that the startup has attracted € 31.5 million in the last round of investment ($ 34 million) from the fund Finstar and Holtzbrinck Ventures, which has already been an investor of the project. According to Triebel, Spotcap uses financing to expand operations in Spain, the Netherlands and Australia. Spotcap consider the possibility of entering new markets, it is possible that their number will enter Russia, he said.

Chapter Finstar Nicholas Jordan noted that Spotcap is one of the leaders in the field of lending to small and medium-sized businesses. "It complements the things that we do," - he said.

Spotcap was founded in 2014. Online bank loans to small and medium-sized businesses. The decision on granting a loan is taken for a few minutes after the receipt of the application due to the algorithm, which evaluates their creditworthiness, Bloomberg writes. Currently Spotcap offices work in Berlin, Amsterdam, Madrid and Sydney. The total number of employees - about 70 people.

Oleg Boyko in 2015 ranked 61 in the list of richest Russians according to Forbes, and its condition was estimatedabout $ 1.3 billion. Businessman holding owned Ritzio Entertainment Group, which is to ban casinos in Russia was the largest operator of gaming machines in the country. In 2011, it acquired 75% of the Latvian microfinance companies 4finance. According to Forbes, the deal was worth $ 70 million.

In 2014, Boyko became the investor of the film "Summer cruise" directorial debut of actress Scarlett Johansson. The billionaire is also the founder of the Foundation "Parasport" and the main private sponsor of the Paralympic team of Russia.

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