Small business lender Spotcap has raised close to A$50 million in its third financing round since launching in September 2014. Private equity investor Finstar Financial Group has become a new shareholder and strategic partner.Spotcap, which is based in Berlin, was launched in Australia in May last year.Spotcap Australia managing director Lachlan Heussler said the funding would allow him to hire more staff, increase the company's marketing spend and improve the lending platform.Spotcap provides unsecured line of credit facilities worth up to $250,000 to SMEs. Heussler said most loans were between $30,000 and $50,000.The company has not disclosed the volume of business it is writing or the size of its loan book. "Growth has exceeded expectations," Heussler said.Applicants must have been in operation for a minimum of a year, have minimum annual revenue of $50,000 and be a registered business.Spotcap uses a proprietary online platform that allows it to gain access to a customer's financial statements via access to their accounting software, as well as bank account details.Distribution is via the website as well as brokers. Heussler said the company was in discussions with some financial institutions about partnerships.