5 years ago
Uncapped Secures $26M to Fuel Growth Finance for Online Brands
Uncapped, a London-based growth finance company, raised $26 million in debt and equity funding led by Mouro Capital with participation from All Iron Ventures, Global Founders Capital, Seedcamp, White Star Capital, and angel investors like Taavet Hinrikus (Transferwise) and Carlos González-Cadenas (GoCardless)
Uncapped provides online brands with business advances of between £10k and £2m for a flat fee of 6% in a day, without credit checks, personal guarantees, warrants, equity, or compounding interest
The company is available to businesses that take online payments, have at least €10,000 of monthly sales and a trading record of at least six months.
ProblemTechnology
"Online brands often struggle to secure funding to fuel their marketing and inventory needs, facing lengthy processes, high interest rates, and complex requirements."
Solution
"Uncapped provides a fast and flexible funding solution for online brands, offering business advances of up to £2m with a flat fee of 6%, payable only as revenue is generated, without credit checks, personal guarantees, warrants, equity, or compounding interest."