LoanStreet/Sparkholder

Loanstreet helps solving capital needs for SMEs by providing a simple application process for working capital at multiple financiers using data from the user’s bookkeeping program

Business model: Customers pay a fee per loan

Current customers: Herôme, nu.nl, Alex Beleggingsbank
Current partners: Rabobank, Exact, Twinfield

Company background: LoanStreet is part of Sparkholder, an Amsterdam based startup founded in 2013. The team consists of highly motivated FinTech game changers with a broad knowledge and experience in financial modeling, programming, IT and data analysis.

https://loanstreet.nl/

Solution description

LoanStreet uses data from your bookkeeping program in the application, preventing you from doing double work or making manual entries. Within 1 minute you will get to know which lender can provide you with a business loan. If you are creditworthy as a company, you can apply for business loans directly at more than 20 different lenders. This way, LoanStreet already calculates the probability of gettin a loan before you put a lot of time in applying for the loan, saving you a lot of time, effort and frustration

How does it work?

Determine your financing requirements, Connect your administration, Receive your credit score for free, Loan applications without friction