Uncapped raises £10M to offer ‘revenue-based’ finance to growing businesses

INSUBCONTINENT EXCLUSIVE:
Seedcamp.I understand a number of angel investors also participated
They include Robert Dighero (partner at Passion Capital), Carlos Gonzalez-Cadenas (COO of GoCardless) and David Nolan and Kevin Glynn
Uncapped has set out to use various marketing, sales and accounting data to be able to offer finance for young businesses based on their
for a flat fee of 6%
first decision that entrepreneurs need to make when raising finance is whether to give away a portion of equity in their company or take on
stipulation is that businesses must be based on online payments and have at least nine months trading history
This makes Uncapped particularly suitable for companies operating e-commerce, SaaS, direct-to-consumer, gaming and app development
peak but Christmas sales have not yet come through
says
overlooked by traditional funders
Whilst VCs will often meet 1,500 companies and back just five of them a year, we have the ability to provide hundreds of businesses with