Novicap closes 2024 with 28% revenue growth and hits €2 billion of volumes since inception

• Novicap continued growing its revenue at double-digit growth in 2024.

• Since its inception, the company has financed more than €2 billion to over 9,000 Spanish companies.

• Working Capital Loans, launched at the end of 2023, now represents more than 25% of its financing volumes.

• Investing in future growth, Novicap now counts on more than 60 employees and expects to hire 20 more professionals through 2025.

Barcelona, 19th of March 2025. Novicap, a fintech dedicated to working capital solutions for SMEs and mid-market companies, closed 2024 with a 28% year-on-year increase in its revenue, significantly strengthening its profitability and maintaining its trajectory of double-digit growth.

In doing so, Novicap has continued to attract a growing volume of customers seeking flexible and agile solutions for their working capital, be it in Credit (Factoring, Supply Chain Finance, and Loans) or Payment Automation (Dynamic Discounting or Self-Supply Chain Finance); at a time where complementary solutions keep gaining weight compared to traditional banking.

€2 billion in financing since inception

By now, Novicap has exceeded €2 billion in financing provided to more than 9,000 Spanish companies. This milestone cements Novicap’s role as a leading provider of working capital solutions to SMEs and mid-market companies in Spain.

Working Capital Loans are consolidating as a key solution

Part of Novicap’s growth over the last year is attributable to the launch, at the end of 2023, of a new Working Capital Loans solution, which has experienced strong demand and already represents more than 25% of the Barcelona-based company’s Credit activities. This success underlines the fintech’s diversification strategy and its ability to adapt to market needs.

Strengthening the team and growing in talent

To continue its expansion, Novicap continued to invest in talent during 2024. The company closed the year with 60 employees and enters 2025 with plans to add more than 20 new professionals in key areas during the year. For Loïs Duhourcau, CEO of Novicap, “in 2024, we demonstrated that our Working Capital Loans offer responds to a clear market need. Our offering now covers any short-term financing needs. During 2025, in addition to expanding our partners’ network to reach even more clients, our commitment is to keep improving our platform and leverage Artificial Intelligence to further automate our processes.”