UK lendtech Uncapped lands £200m debt facility as it eyes international expansion
London-based lendtech Uncapped has secured £200 million in debt financing, provided by funds managed by affiliates of long-term partner Fortress Investment Group.
Piotr Pisarz, CEO and founder of Uncapped
Founded in 2019, Uncapped provides financing between £10,000 and £10 million to online businesses and entrepreneurs looking to grow. The company says its application takes “minutes” and applicants can get a decision within 24 hours, without the need for personal guarantees or equity stake.
It claims to have funded more than 1,000 founders till date and caters to countries including the UK, US, Germany, Spain and Poland.
Piotr Pisarz, CEO and founder of Uncapped, explains that the new facility will help the company expand its reach and provide more digital businesses with access to non-dilutive working capital.
He adds that its goal is to “fuel the success” of such businesses “by providing them with tailored funding options that align with their unique needs”.
Uncapped last raised $80 million in May 2021 in a debt and equity funding round as it poised itself to move into the banking space.
