Uncapped Review

Uncapped is one of a number of companies that focus on revenue based financing for founders who either don't want to give equity away in order to raise capital or want a quick and hassle-free way to raise money to fund their company growth.

Uncapped finance companies in several ways but mainly focus on a revenue based financing model which is favorable to SaaS and E-commerce companies as well as those with a good financial history. Operating from WeAreUncapped.com you can apply online and see all of your funding options available to you and see which match with your needs.

About Uncapped

Founded in 2019, Uncapped fund companies all over the world with no equity and no-security capital. They do this by lending based on a company's revenue, with the company paying back the loan as a percentage of sales or a fixed fee.

They are backed by some of the world's top investors such as Seedcamp, Whitestar, Lakestar, Global Founders capital and Mouro Capital (Aka Santander Bank) and have raised over $110 million in funding themselves.

They pride themselves on being 'Founder Friendly' meaning they want what is best for founders as they too are founders and it's in their interest if your business thrives as it will mean you'll firstly be able to meet the repayments and secondly will likely to be looking to raise more capital in the future.

They operate from WeAreUncapped.com and they are mostly referred to as Uncapped although sometimes will be mentioned as We Are Uncapped.

What do Uncapped offer

Uncapped focus on four areas:

Revenue based financing - these are loans based on your future revenue, where you make repayments as a percentage of your revenue

Fixed term loans - Enabling you to get access to capital and repay on a daily or weekly basis

SaaS runway - helping you raise funds to help your SaaS runway

Amazon seller funding - specifically for those that sell on Amazon, letting you buy more invetory and scale your Amazon business

Uncapped focus on the revenue based finance option and so this Uncapped review also does.

How Uncapped works

One of the reasons founders love using revenue based finance is that decisions are quick and the process is much more straight forward than more traditional options such as equity or debt financing.

How it works:

1. Head to Uncapped* and check if you're eligible (this takes 2 minutes)
2. Connect your sales and finance accounts - such as Paypal, Shopify, Stripe, Xero, Quickbooks etc
3. Receive funding offers in as little as 24 hours
4. Select the funding offer
5. Repay the capital back - this can be on a daily, weekly or monthly basis

As your company grows you'll be able to unlock more capital via Uncapped funding options and get faster decisions if you've previously had a loan and repaid it.

Uncapped fees

Uncapped charges a flat fee which starts at just 2% on the capital that you require, you repay them on a monthly basis as a percentage of your revenue.

The specific fees will vary depending on the amount of capital you require, the length of time you want to repay it in as well as your company's finances and revenue.

Uncapped has a great fee calculator on their website which can give you an idea of the kind of costs to borrow and you can easily check your eligibility within minutes on their website.

You can opt to repay the capital you borrow either daily, weekly or monthly and also have the option to pay back the loan based on the percentage of your revenue.

Who is eligible for Uncapped finance

Uncapped offer its finance options to companies that meet the following criteria:

• 6 months+ of trading
• Monthly revenue of $50k+ (£50k+)
• Companies that run a business with an online model

Typically the average Uncapped customer will run either an e-commerce, SaaS (Software as a service), subscription or digital business whereby they get either recurring payments so they have monthly recurring revenue (MRR) or annual recurring revenue (ARR), they do also fund companies who have a financial history but don't have recurring revenue.

They currently can offer funding to companies based in 18 countries around the world with their biggest markets being the UK and the US. Other countries they operate in include Denmark, Germany, Spain, Sweden, Poland and more.

What is Revenue based financing

Revenue-based financing is a method of raising funding for your company where you will receive capital and in exchange, you'll pay this back as a percentage of future revenue on a monthly basis.

This method is preferred by many as you need not give up any equity nor take on debt and gives you the flexibility to repay less during slower months and more during busy months.

In recent years revenue based finance has become more popular but it's always worth checking if it's right for you and your business.

WeAreUncapped reviews

You'll find various different Uncapped reviews across the internet but the main source of reviews that are collected by the company themselves and featured on WeAreUncapped are Trustpilot reviews.

At the time of writing this, they have 39 reviews with 87% of those giving Uncapped a 5 star review, these reviews mention how smooth and easy the whole process was, the speed of turnaround, and good level of customer support.

In general feedback across social and review sites are favorable of the company, we do always recommend that you do your due diligence when

Pros and Cons

We take a look at the positives and negatives of using Uncapped as a source of funding for your business so you can make an informed decision if it's right for your company.

Pros

• Loans of between £50k - £10 million ($50k-$10m)
• Fast decisions within 24 hours
• Ability to check if you are eligible within minutes
• No equity given away
• No personal guarantees required
• See the costs upfront
• Ideal for SaaS, Ecommerce and companies with a financial history

Cons

• Not available to companies with less than £50k/$50k a month in revenue
• Not suitable for companies with less than 6 months of trading

Uncapped alternatives & competitors

As you'd expect there are a number of Uncapped alternatives as well as competitors, these include direct alternatives such as Iwoca, Capitalised, Bloom and Funding Circle.

As well as indirect Uncapped competitors who offer different types of funding which give you a different option when it comes to raising money for your business such as traditional banks, business loan companies and grants from governments.

Venture capital can be seen as an alternative but often companies who are raising via this method will also raise capital by using revenue based financing such as Uncapped finance at the same time.

Uncapped summary - is it a good option?

When it comes to raising capital to help your business grow, Uncapped are a good choice to consider, not only do they have a slick website and interface but the whole process of checking for eligibility as well as applying is straightforward and a pleasure to do.

Once you've added your company details and connected the financial accounts you have, you'll be given funding offers typically within 24 hours. This allows you to get funding incredibly quickly in comparison to more traditional funding options as well as without the paperwork.

If you choose to proceed you can simply select the funding offer and you'll be able to get the funding and start the repayment on the basis that you have selected.

If you are looking for a revenue based financing option and are based in the countries that Uncapped currently operate and service then we do recommend checking them out and see if they fit your business and the fees match what you're happy to pay.

Frequently Asked Questions about Uncapped

What does Uncapped do?

Uncapped offer revenue based financing, allowing companies to borrow based on future revenue, paying back the capital they borrow as a percentage of future revenue.

Who are the shareholders of Uncapped?

Uncapped has had investments from a number of investors including Mouro Capital, White Star Capital, Seedcamp, Global Founders Capital, All Iron Ventures as well as having a number of individual shareholders. You can view more details of this on Crunchbase.

Will applying affect your credit score?

No, if you apply it will not affect your credit score according to the Uncapped website, this may be subject to change so please check the website if to verify this.

How long does the whole process take?

The process generally will take a few minutes to see if you qualify and then you can have access to the funds if approved and you accept in as little as 24 hours.

Who is the founder of Uncapped?

The founder of Uncapped is Piotr Pisarz, he started the company in 2019 having previously worked in investment and funding companies.

What type of data do I need to provide them with?

The specific data you need to provide in order to get a funding offer may vary but typically this will mainly be data that helps them verify your business's financial performance, such as access to Stripe or Shopify data as well as accounting software access.

Can I apply as a sole trader?

Not at the moment, Uncapped only work with limited companies.