ArK Kapital is expanding into Germany. The Swedish fintech provides loans of up to ten million euros to startups. Mariam Koorang manages the German business, which currently has five employees in Berlin.
ArK Kapital provides loans for tech companies between one and ten million euros but does not see itself as a classic RBF provider. The loans are repayment-free for the first two to three years, when only interest accrues. It also offers a comparatively long repayment period of up to seven years.
For founders, the advantage – as with RBF – is that they can raise capital without diluting their shares.
The company has built its own tool, Ark Intelligence Machine (AIM) for its data analysis. This can be used to analyze the business and make forecasts based on which they can obtain tailored financing. ArK also makes the platform available to its customers; they can use it to keep track of the liquidity of their business.
Ark Kapital was founded in 2021 by Oliver Hildebrandt, Axel Bruzelius and Henrik Landgren. The latter was responsible for data analytics at Spotify and later became a founding partner of EQT Ventures.
In addition to ArK Kapital, another Swedish provider is looking around the German market, according to information from Finance Forward. The German former BCG consultant Jannis Koehn has started the company in Sweden.
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