Approaching Venture Capital (VC) firms for investment is a daunting prospect for many startup founders. And with the competitiveness of VC funding, entrepreneurs tend to assume that they have to sacrifice ownership of their company to attract any sort of capital.
The truth is, they don’t!
In fact, startups can pursue alternative routes to funding and can sometimes remove the need to stand before a VC altogether.
If you want to raise funds for your business and keep a firm grip on your equity, debt financing might be the solution you’re looking for.
Debt financing is an excellent route for founders who want to retain control of their startup. In exchange for non-dilutive funds, many debt financing schemes ask for repayment alongside a rate of interest.
Of course, the thought of racking up interest can be off-putting for early-stage businesses.
You’ll be pleased to know that there’s a solution for that too! Today, startups aren’t limited to traditional interest rates when it comes to debt financing.
This is where Uncapped comes in.
Who are Uncapped?
Uncapped is a unique financing service with investment capital offers ranging from £10k - £5m through a revenue share agreement. In other words, in exchange for capital, Uncapped charges enterprises a flat fee starting at 6%, with repayments in line with the company’s monthly revenue.
This no-security and no-equity approach to funding uses your business performance to determine a fair and flexible rate of repayment, taken as a percentage of sales.
That’s why Uncapped are changing the game for startups, and have invested a total of $120M to over 500 companies.
Uncapped was built by founders, for founders, with the aim of providing them with worry-free funding that they can pay back when they can afford to.
Modernising the funding model through Fintech, Uncapped is a fully digital, friendlier take on capital.
Now’s the best time to apply!
If your startup features an online model, has been trading for 6+ months, and has amassed £10k+ in monthly revenue, this month is the best time to try fundraising with Uncapped.
To celebrate their success and growth over the course of only two years, throughout October Uncapped are giving 1,000 European businesses up to £50k of fee-free funding for marketing.
To claim your fee-free funding, just enter your details into Uncapped’s revenue prediction engine and they’ll be in touch within 24 hours with a funding offer!