Capcito raises SEK 5M.
Capcito, a Stockholm, Sweden-based company providing credit assessments, raised SEK 5M ($630k) in fresh funding. The money comes from existing investors (Peter Gyllenhammar) and employees of the company (Michael Hansen, Henrik Dyberg and Niklas Möller).
Capcito, founded in 2014 by CEO Michael Hansen, has developed a platform that enables small businesses to borrow money for growth or other operational needs, using their invoices as securities. In 2016, the company recorded SEK 300k in sales and lost SEK 3M.
Prior to this deal, Capcito raised SEK 5M from Peter Gyllenhammar in 2015.