Uncapped was founded on the premise that no business should have to give away ownership to fund growth. As a former Venture Capitalist (VC), CEO Piotr Pisarz met hundreds of founders who had brilliant business ideas but needed a better funding model. Equity investment is traditionally accessible for few, expensive in the long run, and the assessment process can be slow and intensive. Uncapped is on a mission to democratize the way founders access capital, leveraging platform data to offer businesses a streamlined and transparent approach to credit.
What makes Uncapped different?
Since their inception in 2019, Uncapped has celebrated significant wins. Recently identified as the 2nd fastest growing Fintech in Europe, they grew 554% in 2021, including hitting a milestone of lending $12.5 million in capital to 15 companies in a single day. So what is it about Uncapped that sets them apart?
Traditional credit providers are notoriously slow, include mountains of paperwork, and require businesses to navigate a series of checkpoints. In today’s rapidly evolving ecommerce and tech space, businesses may not be able to wait 6-8 weeks to get their capital. Understanding the challenges of this ecosystem, Uncapped is committed to speed. Businesses simply need 6 months of trading history and monthly revenues of at least $10k, then they can unlock as much as $10 million in equity-free funding within 24 hours.
Founders leery of losing control over their business when borrowing capital will love Uncapped’s no-equity, no-security approach. They charge a flat fee from 2% on the capital provided and get repaid through a revenue share model. If revenues slow or stop, so do repayments. This enables founders to bypass banks with burdensome personal guarantees while gaining access to the capital they need for growth.
Uncapped’s fast and flexible processes free entrepreneurs from the bottlenecks of traditional credit acquisition. They offer a wide variety of credit options to suit any online business’s ’ capital needs. This includes shorter term products as well as longer term products with fixed repayment periods. Because their funding is based on access to company sales performance data, it is completely unbiased and available to most businesses that trade online. They are committed to developing new products to serve businesses of all types in an increasingly complex environment.
Uncapped has helped hundreds of businesses acquire capital and reach exciting growth milestones. Here are some inspiring use cases from within the food &and beverage, and health &and wellness sectors to inspire.
Hunter & Gather
Hunter & Gather provide health-conscious customers food products free of refined sugars, grains, and inflammatory ingredients. When they required capital to invest in continued growth, Uncapped approved them for £125,000. This enabled them to scale their marketing and launch them to the #2 Best Seller spot on Amazon UK for Ketchup, including a 106% traffic increase on Amazon and their website. They received another £190,000 from Uncapped and are enjoying their third consecutive triple-digit growth year.
Demand for Freerider’s fashionable and sustainable maternity wear exploded during the pandemic. However, when it came time to secure capital to expand inventory, no traditional lender would approve them. Uncapped provided the founders at FreeRider £80k within 24 hours, allowing them to triple their stock and double their ad spend on social media. Four months later Uncapped provided another £40k as business continued to grow. Within a year of their initial investment, they had doubled their revenue and are showing no signs of slowing down.
Uncapped is founder and partner first
Having worked with hundreds of businesses, Uncapped believes firmly in the importance of building strong relationships with entrepreneurs and a growing network of technology partners (like Bold Commerce), venture capital funds, agencies, and advisors. This enables them to support clients with a wide spanning network of solutions, partners, and advisors in addition to the capital they need to scale.
“We are thrilled to partner with Bold, who offers a market leading platform agnostic solution for an increasingly pivotal aspect of e-commerce. Introducing Bold into our clients’ software stack will drive increased conversion at checkout, further accelerating their revenue growth and success.” – Piotr Pisarz, CEO & Founder, Uncapped.
For founders looking to compare different funding options suitable for them and their business needs, try the free Uncapped Venture Debt Calculator to get started.