Uncapped, a fintech startup based in London, has raised €230 million. The financing, which was supplied by funds managed by affiliates of Fortress Investment Group LLC (“Fortress”), one of the top investment managers in the world, continues the two companies’ a long-standing and profitable collaboration.
Piotr Pisarz, CEO & Founder of Uncapped said, “We are delighted to secure this £200 million debt facility, as it enables us to extend our reach, empower even more digital businesses and provide access to non-dilutive working capital, Our goal is to fuel the success of these exciting and innovative businesses by providing them with tailored funding options that align with their unique needs.”
E-commerce, direct-to-consumer (DTC), fashion, software as a service (SaaS), gaming, and app development are just a few of the sectors that Uncapped finances. The United States, United Kingdom, Germany, Spain, and Poland all have access to its service. A varied group of ardent founders has received support from Uncapped to help them succeed.
With this funding, Uncapped will be able to support a huge number of interesting new brands, and we eagerly anticipate their continuous influence during this crucial economic period.
Uncapped, which was established in 2019, provides straightforward, dependable funding ranging from £10K to £10 million for online companies looking to grow. With no private guarantees or loss of equity, customers can apply in a matter of minutes and get a decision within 24 hours.
Its financing approach gives entrepreneurs quick, cheap availability of working financing at pivotal times that enable them to grow. Businesses with working capital requirements, such as bridging seasonal gaps, engaging in development possibilities, or absorbing unanticipated costs, can benefit from this short-term financing option.
Uncapped, they think founders shouldn’t have to sell off their firm to pay for expansion. They give founders and businesses that are changing the world funding that ranges from $50,000 to $10,000,000 without requiring them to give up any securities or shares.
They impose a fixed fee starting at 2% of the invested capital. No pitches, cap tables, or coffees are necessary. Founders can focus on expanding their business after receiving an offer after applying online.