fintechFIVE: Spotcap

Elizabeth Barry 11 May 2017

fintechfive spotcap

spotcap fintech

Lachlan Heussler

Managing director, Spotcap Australia and New Zealand

In two sentences or less, describe your product or service.

Spotcap provides flexible and accessible small business financing, allowing entrepreneurs to focus on what really matters: their business. Operating in the fintech sector, we have developed technology which assesses real-time performance to grant credit lines and loans to small and medium-sized businesses.

What has been the company's biggest milestone to date?

We’ve had a number of significant milestones: the beginning of 2017 saw our global business reach over $100 million in credit lines issued, and that number is increasing each day across five markets - Australia, the Netherlands, the UK, Spain and New Zealand. Our funding partnership with NZ’s Heartland Bank was another important milestone, with Heartland providing $20 million to grow Spotcap Australia's operations.

The biggest highlight however for me personally would have to be growing the local Spotcap team from just me in my bedroom to the vibrant team we have today in our new North Sydney offices.

What’s the most useful advice for having a productive day?

I’m a morning person. I like getting up early and getting stuff done. I spend a few minutes going over emails, working out priorities for the day and setting up key tasks to complete. I also think 30-60 minutes of strenuous physical activity a day does wonders for keeping you focused and on top of your game!

Where do you see the company in 12 months?

Investing in team and product, to continue to grow the Spotcap business in Australia and New Zealand.

Which book has had the most influence on your professional mindset?

There have been a few books that have influenced my professional mindset over the years, but the one that has had the most impact recently has been Zero to One by Peter Thiel.


The fintechFIVE is a series of five questions intended to shed light on innovative companies from Australia and around the world. Every Thursday we ask the same five questions to a representative from a new fintech company – check out the most recent fintechFIVEs here.
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