Uncapped Series-B

This is the Uncapped pitch deck to raise a $80m series-b round in 2021.

About

Uncapped is a provider of revenue-based financing that enables founders to raise growth capital without interest or equity.

It charges a flat fee of 6% on the capital provided and gets repaid through a revenue share. Uncapped provides business advances of between £10k and £2m with 0% interest and no hidden charges, allowing founders to access fair and flexible finance. The company also uses marketing, sales, and accounting data to be able to offer finance for young businesses based on their current and projected revenue.

Uncapped, one of a crop of firms providing funding to startups without taking equity, has raised a fresh $80 million.

The UK fintech raised the debt and equity funding from Spotify backer Lakestar and will use it to scale up into banking.

Founded in 2019, Uncapped provides financing for startups at rates as low as 6%. It integrates into a company’s marketing and finance platforms, and payments are made in accordance with revenue.

Revenue-based financing has grown over the last couple of years as an alternative to venture capital, with Uncapped’s Canadian peer Clearco recently attaining a $2 billion valuation and expanding to the UK in 2020. Dublin’s Wayflyer and Berlin’s Uplift1 offer similar services in Europe.

For many companies, it’s preferable to have quicker, more affordable capital to help with ad spend or buying inventory. It can be less efficient to swap funding for equity, and loans can be accessed faster and be cheaper than VC cash.

Uncapped has been growing, according to founder Piotr Pisarz.

“Our business has encountered tremendous growth since our last funding,” Pisarz told Insider. “We needed to hire more people and get more capital to grow the company.”

Asher Ismail, his co-founder, added that “several funds” had competed to back Uncapped.

The firm initially offered financing of up to £2 million ($2.8 million), and will expand that to £5 million ($7 million) as well as expanding into banking services.

“When we started out we were a pure lending business,” Pisarz said. “Through speaking to customers we realized we have the opportunity to help them more through offering automation, specific banking services, and other tools to make building their business more efficient.”

Funding Rounds

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