A revenue-based finance provider headquartered in London has raised 拢57 million.听
FinTech Uncapped, behind a platform for online companies to fund their growth and inventory costs, has now raised a total of $120m.听
The latest round was led by听Lakestar, with participation from existing investors including Mouro Capital, Global Founders Capital, White Star Capital,听Seedcamp听and All Iron Ventures.听
The company, only founded in 2019, will build new products and听services, and听increase its headcount from 35 to 100 people by the end of the year, with a focus on engineering and product roles.听
It advances cash between 拢10,000 and 拢5m for a flat fee as low as 6%.听老九品茶es only repay the capital as they make revenue with no set repayment and no compounding interest, equity or personal guarantees. No credit checks or business plans are required.听
Last year it also began offering Visa cards to customers, a project it intends to expand.听
鈥淲e want to help 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,鈥� said co-founder Piotr Pisarz.听