Despite the ongoing dominance of artificial intelligence startups in the tech funding arena, investors are showing no signs of slowing down when it comes to backing promising and innovative fintech startups. In fact, just earlier this month, we reported that the top 100 fintech startups had secured a combined $22 billion in equity funding by September. The latest to ride the fintech funding wave is Uncapped, a UK-based fintech startup that’s reshaping how digital entrepreneurs and high-growth businesses secure funding.
To further grow its platform, Uncapped, a Lakestar portfolio company, announced today it has closed £200 million in debt financing from funds managed by affiliates of Fortress Investment Group LLC, a global leader in investment management, marking another milestone in their long-standing partnership.
Uncapped offers a straightforward, dependable avenue for online businesses seeking to scale, with capital ranging from £10,000 to £10 million. Their unique approach allows customers to apply within minutes and receive a decision within 24 hours, all without the burden of personal guarantees or equity loss. This model empowers founders with accessible and affordable working capital precisely when they need it most, enabling their businesses to grow. It’s especially beneficial for companies facing working capital needs such as bridging seasonal gaps, pursuing growth opportunities, or covering unexpected costs.
With a track record of supporting over a thousand founders to date, Uncapped provides funding across a diverse range of sectors, including e-commerce, direct-to-consumer (DTC), fashion, software as a service (SaaS), gaming, and app development. The company’s services extend to the United States, United Kingdom, Germany, Spain, and Poland. One remarkable success story involves NutriPaw, a pet supplement brand founded by passionate dog lovers Adelina and Connor in 2020.
Struggling to keep up with surging demand for their products, Uncapped provided them with over £1.95 million in funding across ten facilities. This allowed NutriPaw to scale its business by an impressive 5x in just nine months, exploring new growth avenues with new products and expansion into new regions.
Commenting on the funding, Uncapped founder and CEO Piotr Pisarz said:
“We are delighted to secure this £200 million debt facility, as it enables us to extend our reach, empower even more digital businesses, and provide access to non-dilutive working capital. Our goal is to fuel the success of these exciting and innovative businesses by providing them with tailored funding options that align with their unique needs.”
Ola Eriksson, Managing Director at Fortress, also praised Uncapped’s ability to unlock funding opportunities for digital businesses, saying, “Uncapped’s ability to unlock funding opportunities for digital businesses is remarkable. Their commitment to empowering entrepreneurs aligns perfectly with our mission, and we are excited to support their vision. This funding will enable Uncapped to fund countless more exciting brands and we look forward to seeing their continued impact at this pivotal economic time.”
Uncapped stands at the forefront of fintech innovation, transforming the way digital businesses access funding. By leveraging advanced technology, data analytics, and flexible funding solutions, Uncapped empowers entrepreneurs to access capital quickly and transparently without surrendering control and ownership of their businesses. Their mission is to drive the growth and innovation of digital brands, contributing to economic progress and industry transformation.