Russian billionaire Oleg Boyko’s private-equity company bought a stake in Germany’s Spotcap as the online lender backed by Rocket Internet SE secured its biggest financing to date.
Spotcap raised 31.5 million euros ($34 million) from Boyko’s Finstar Financial Group and existing investor Holtzbrinck Ventures, Chief Executive Officer Toby Triebel said by phone. Spotcap lends to small and medium-sized companies, offering applicants a loan decision minutes after an algorithm rates their creditworthiness.
Russian billionaire Oleg Boyko buys into German online lending startupRead More
