Credion has acquired Capsearch, creating the largest independent financing platform for small and medium-sized enterprises (SMEs) in The Netherlands This will give entrepreneurs faster and easier access to capital, a crucial need as financing often remains a major obstacle for many SMEs.
For many Dutch SME entrepreneurs, applying for financing seems like an insurmountable obstacle. Almost half of the applications for smaller loans are rejected by couches rejected, the application process is slow and complicated, and the terms are often unclear. Compared to other countries, loans in the Netherlands are rejected 40% more often.
The result is that investment is lacking, innovation is slowing down and businesses are missing opportunities to grow or even survive. At a time when the economy needs entrepreneurship and innovation, SMEs are stuck between stricter regulations, reluctant banks and a fragmented financing landscape.
However, with the strategic acquisition of fintech company Capsearch by Credion, a breakthrough seems to be in sight. This collaboration will create the largest financing platform in the Netherlands for SME and real estate financing.
The combination of Capsearch's application software and Credion's national network – which consists of more than fifty offices and more than a hundred financial specialists – offers entrepreneurs direct access to dozens of financiers, including banks, crowdfunders and leasing companies.
“This is a turning point for SME financing in the Netherlands,” says Carlo van der Weg, founder of Credion. “The integration of Capsearch's software not only ensures speed and ease of use, but also increases the chance of successful financing for entrepreneurs.”
Arjan Buis, co-founder of Capsearch, is also positive. “Thanks to the powerful synergy between our innovative advisory software and Credion's strong advisory network, we can now achieve a real breakthrough for entrepreneurs and real estate investors.”