Loading organizations...
Novicap is a technology company.
Novicap operates as a European fintech platform, delivering comprehensive working capital solutions. The company leverages its proprietary technology to offer Credit and SaaS services, including various forms of factoring, reverse factoring, dynamic discounting, and working capital loans. These integrated solutions enable businesses to efficiently manage their cash flow by optimizing invoice collection, streamlining supplier payments, and securing necessary short-term liquidity.
The company was co-founded in 2015 by Federico Travella and Nicolas Overloop. Travella brought strategic leadership experience from his prior roles, while Overloop contributed significant expertise in developing robust online platforms and technology architecture. Their combined insight recognized the opportunity to create a technology-driven alternative to traditional financing, addressing the critical working capital needs of businesses through innovative digital solutions.
Novicap serves a diverse clientele, encompassing small and medium-sized enterprises, mid-market corporates, and public administrations seeking flexible financial tools. The company’s overarching vision is to empower businesses by providing leading working capital management solutions across Europe. This focus aims to enable customers to drive their operations forward and create lasting impact for all involved parties.
Novicap has raised $214.9M across 4 funding rounds.
Novicap has raised $214.9M in total across 4 funding rounds.
Novicap has raised $214.9M in total across 4 funding rounds.
Novicap's investors include Francesco Filia, Partech Ventures, Techstars, Hambro Perks, Seventure Partners, Cabiedes & Partners.
Novicap is a Barcelona-based fintech company founded in 2014 that provides working capital solutions to SMEs, mid-market corporates, and public administrations across Europe.[1][2][3][4] It offers products like invoice financing, supplier payment solutions with early payment discounts, short-term loans, and SaaS tools via a proprietary online platform, solving cash flow gaps by enabling quick access to funds based on future potential rather than past performance.[1][4][5] Serving over 9,500 companies, Novicap has channeled more than €2 billion in financing, paid early on 155,000+ invoices, and raised $215.57 million total, including a €200 million debt facility in 2022 from Fasanara Capital, demonstrating strong growth momentum with awards like SME Finance Provider of the Year (2019, 2022) and FT1000 listings (2020-2022).[1][3][4][5]
Novicap emerged from London's fintech innovation hub before expanding into Spain, with headquarters in Barcelona and offices in Madrid, London, and Sant Celoni.[3][4] Founded in 2014, it was created to revolutionize business financing by leveraging technology to connect investors directly with companies needing working capital, allowing focus on growth over invoice chasing.[1][5] Early traction built through its platform's agility, leading to rapid scaling: from initial UK roots to serving thousands of businesses, multiple funding rounds totaling over $215 million (last major raise $212.46 million two years ago), and recognitions in receivables finance awards by 2019-2020.[1][3][5] Pivotal moments include the 2022 €200 million debt facility, fueling platform expansion for SMEs and public sectors.[5][6]
Novicap rides the fintech wave of embedded finance and alternative credit for SMEs, addressing chronic working capital shortages amid rising interest rates and supply chain disruptions.[1][2][4] Timing aligns with post-pandemic SME recovery and Europe's push for non-bank lending, where traditional banks often reject viable firms; its model taps investor liquidity for faster, flexible solutions versus competitors like Circulantis (crowdlending) or Billie (B2B BNPL).[1][5] Market forces favoring Novicap include €2B+ volume amid regulatory support for invoice financing and Spain/UK's startup ecosystems, influencing the landscape by enabling 9,500+ businesses to scale, reducing reliance on banks, and fostering SME innovation in e-commerce/public sectors.[3][4][6]
Novicap's momentum—€200M debt facility, €2B financed—positions it for deeper European expansion, potentially into new markets like France/Germany, leveraging platform scalability for AI-driven risk assessment and more supplier programs.[4][5][6] Trends like digital treasuries, ESG financing, and economic volatility will shape its path, amplifying influence as SMEs demand agile capital amid bank caution. As a leader in receivables tech, Novicap could evolve into a full working capital ecosystem player, sustaining growth from its 2014 roots in revolutionizing SME finance.
Novicap has raised $214.9M across 4 funding rounds. Most recently, it raised $210.7M Debt in December 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Dec 12, 2022 | $210.7M Debt | Francesco Filia | |
| Dec 27, 2017 | $1.2M Other Equity | Partech Ventures, Techstars | |
| Nov 1, 2017 | $1.0M Venture Round | Hambro Perks, Partech Ventures, Seventure Partners | |
| Sep 1, 2015 | $2.0M Seed | Hambro Perks, Partech Ventures, Seventure Partners, Cabiedes & Partners, Techstars |