4 years ago
Uncapped Secures £56.4 Million to Simplify Funding for Online Businesses
Uncapped, a London-based fintech company, has raised £56.4 million in debt and equity funding
The round was led by Lakestar, with participation from existing investors
Uncapped plans to use the funding to expand its business reach, launch new products and services, and grow its team
The company offers a simplified funding solution for online businesses, providing growth finance for a flat fee as low as 6%.
ProblemFinancial Services
"Traditional banks are not keeping up with the pace of innovation in the digital economy, making it difficult for digital entrepreneurs to access funding and grow their businesses. Legacy banks don't understand the needs of digital entrepreneurs and their dated infrastructure is not up to the standards required to help their business grow."
Solution
"Uncapped provides digital entrepreneurs with quick access to funding, insights that help their business grow, rewards they actually care about, and modern integrations that will save them time and money. They offer growth finance for a flat fee as low as 6%, and capital can be released in as little as a day. Businesses only repay the capital as they make revenue with no set repayment and no compounding interest, equity or personal guarantees, and there are no credit checks or business plans required."
