Uncapped secures $26 million in new debt&equity funding led by Mouro Capital.

Uncapped, a London, UK-based financial service startup, announced the completion of a capital investment round of $26 million.

The money was raised as a comboination of debt and equity from a range of investors led by Mouro Capital and including contributions from existing investors Global Founders Capital, Seedcamp and White Star Capital, as well as from angel investors Taavet Hinrikus, Christian Faes, David Nolan, Kevin Glynn and Carlos Gonzalez-Cadenas.

Uncapped, founded in 2019 by CEO Asher Ismail and Piotr Pisarz, set uf a loan shop providing finance for startups based on their current (and projected) revenue.

Uncapped's product is targeted at startup operations looking to raise working capital between £10k and £1m at a flat fee of 6% to manage their fluctuating revenues can fluctuate from month to month. The company doesn’t require a traditional business plan and pitch deck as it uses tech connecting to the companies’ existing marketing and sales accounts such as Google Ads and Stripe. Businesses only repay the capital as they generate revenue, with no set repayment date and no compounding interest, equity or personal guarantees.

Prior to this round, in 2019, Unpcapped secured £10M ($13M) in funding from Global Founders Capital, Seedcamp and White Star Capital.