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Get an overview about re:cap.
re:cap is a platform that helps growth-focused SMEs manage, plan, and fund their growth more efficiently. It brings together real-time financial analysis, forecasting, and access to non-dilutive funding into one integrated system called the Capital OS. By connecting data from bank accounts, invoices, budgets, and business plans, re:cap enables companies to understand their financial performance, model short- and long-term capital needs that align with business goals, and make better funding decisions.
The Capital OS is a system to help companies manage capital more efficiently and on their terms. It follows a simple cycle:
Once funding is in place, the cycle repeats. You update the data, adjust the plan, and stay prepared for what’s next. It’s a tool for ongoing financial decisions, not a one-time fix.
re:cap’s Capital OS gives companies one platform to analyze financial performance, forecast funding needs, and access tailored, non-dilutive capital. It answers three simple questions:
If you want to learn more about how re:cap is used by companies, check out our case studies.
With re:cap, institutional investors (equity/debt) can turn financial data into insights about their portfolio companies. Based on these insights, they can make smarter financing decisions and enhance portfolio monitoring.
re:cap is relevant for growth-focussed SMEs and tech companies with an annual recurring revenue of €1-10M.
Other criteria:
You’ll find the prices on our pricing page.
We prioritize the highest security standards to safeguard our customers' data. Our platform is developed and hosted in Germany, where all financial and business data from our customers is stored and processed. And we use a 256-bit bank-level encryption for maximum protection.
You connect your data, re:cap works out what you can raise, and then arranges the facility with a capital provider. There are two tracks.
Fast track. For smaller facilities. We assess your bank and accounting data and confirm the amount directly, usually within about a week. No business plan, no financing plan, a single drawdown.
Tailored track. For larger volumes and more complex situations. We build a financing plan with you: how much capital you need, when it has to be available, and what it will cost. It needs more data and pays out from about three weeks.
You can start on the fast track and move up later. Your data carries over.
Every facility re:cap arranges is against a purpose.
See our case studies for what companies have actually done with it.
It depends on the facility.
These are the ranges our capital providers write most often, and individual providers go outside them in both directions, particularly for working capital. What you can get depends on your financial position, which the capital readiness check estimates before you speak to anyone.
re:cap does not publish a standard interest rate, because facilities are arranged from several different capital providers and each is priced per company.
What you pay depends on the provider, the facility type, the term, the security offered and your financial profile. You see indicative pricing during onboarding and firm pricing in the provider's term sheet, before you commit to anything.
Published figures quoting a single re:cap interest rate describe a discontinued balance-sheet lending product and are out of date.
On the fast track, about a week from the point your data is connected. On the tailored track, from about three weeks.
The timeline depends mostly on how quickly you connect the data and answer questions. Once a facility is approved and you request a drawdown, funds typically arrive within two business days.
Eligibility gets you into the process. What a capital provider will actually finance comes down to the numbers. Once your data is connected, the assessment looks at:
The capital readiness check tells you which of these already sit inside the range providers look for, and which are holding the amount back.
Both tracks run on the same platform. What differs is the amount, the data needed and the speed.
1. Create an account and connect your data. Enter what you need the financing for and connect your bank accounts securely. For the fast track, bank and accounting data is enough. For the tailored track, we also look at your customer and invoice data and your business plan, so we understand your goals and how you will use the money.
2. Financing plan, tailored track only. After a first review of your data we build the plan with you: how much capital you need, when it has to be available, and what it will cost. On the fast track this step falls away and your amount is confirmed directly.
3. Term sheet, tailored track only. You receive terms from the capital provider, which you can use for your own internal decision. We are there for questions along the way.
4. Due diligence, tailored track only. Once the term sheet is signed, the provider reviews your banking, accounting, revenue and customer data along with key business metrics. re:cap prepares and runs that process with you.
5. Request your payout. You request the drawdown in the platform. On the fast track that is a single tranche. On the tailored track it can be the first of several across the term of the facility.
It depends on your track. For the fast track we need your bank and accounting data. For the tailored track, revenue and customer data come on top, plus a look at your business plan. In both cases view-only access is enough, connected securely through the platform. That is how we can arrange the best terms available to you.
For both tracks
All business bank accounts and payment service providers
Accounting data
Additionally for the tailored track
Revenue and customer data
Business plan
We need the data to assess your funding terms. Based on your data, we can verify that re:cap is a fit for your business. Assessing this data will help us with our risk analysis. We can determine the terms for your company.
It depends on the facility and the provider. Growth lending typically runs 12 to 48 months. Working capital facilities are usually shorter, acquisition finance longer. Grace periods are available with some providers.
The exact term is set in the provider's term sheet, and you see it before you commit.
re:cap itself never takes equity, warrants, board seats or voting rights.
Most facilities we arrange are non-dilutive and require no personal guarantee, but not all. Some third-party capital providers use warrants or equity kickers, and a few ask for a guarantee. Where that applies you are told before anything is arranged, and you can decline that provider.
Security is usually a pledge on receivables rather than a personal guarantee.
Yes, manual data upload is possible. We provide a spreadsheet template you can use.
However, we recommend subscription tools, as it keeps efforts lower and processes are faster.
Raising equity is slow, tying up your team for months. It carries direct costs for legal fees and advisors, often six figures. It also means giving up control, since major investors take board seats and require ongoing investor relations. And you give up equity.
re:cap arranges debt instead. No shares, no board seats, no say in your company, with facilities from €50,000 up to €20 million depending on what you are financing. Unlike equity, it is repaid.
The assessment will also tell you when debt is the wrong instrument for what you are trying to do.
Venture debt is usually sized against your most recent equity round, so it works best for venture-backed companies. It often carries warrants, takes a broad security package across your assets, and sometimes comes with board observer rights. Capital is rarely disbursed in full up front: later tranches depend on hitting milestones, and you may end up drawing money you no longer need.
re:cap sizes against the business itself rather than against a round, and does not require venture backing. Companies that have never raised equity are financed regularly. re:cap takes no equity, no warrants and no board seats of its own, and security is typically limited to a pledge on receivables.
re:cap also arranges from several capital providers rather than lending its own money, so you can see more than one offer.
Yes. We can finance companies that are part of a group structure, as long as it is clear that the company we are financing is the actual contracting party. In some cases a letter from the parent company is needed. We are happy to talk through your specific structure.
Yes. Financing arranged through re:cap can sit alongside bank loans, venture debt, venture capital or private equity. Whether a specific provider allows it depends on the terms of your existing facilities, and the assessment takes your existing debt into account.
No, EBICS is not a generally accepted standard for open banking. You can provide data for those bank accounts manually.
Analysis is the first step of the Capital OS. It gives you a real-time view of your financial health (cash, burn, runway, efficiency) and shows how your business is performing today.
It connects the dots: from bank accounts to budgets, from transactions to trends. You get one dashboard to see what’s driving your numbers, spot risks early, and understand how fundable you are.
It’s the base for everything that follows: planning, forecasting, funding. You can’t steer your company without knowing where you stand.
We cover more than 14,000+ banks from Europe and North America.
In Europe, we work with GoCardless to cover 2,500+ banks. The detailed coverage can be found in this overview.
For North American banks, we work with Plaid to cover 12,000+ banks. The detailed coverage can be found in this overview.
Let us know if a bank you need support for is not supported.
Besides offering access to classical bank accounts, we also offer access to a range of payment platforms, digital wallets and credit cards.
To set up the integration, please use the "Add EU or UK bank account option" and follow the instructions.
By open banking regulation, a minimum of 90 days of transaction history is required, but experience shows that most banks supply >180 days of transaction history.
Experience shows that most banks provide >365 days of transaction history.
New balances and transactions from all bank accounts get fetched daily at midnight (CET time). After fetching new data, the Insights get updated.
Access the only platform where debt funding and financial operations work as one. Make confident decisions based on all insights available.
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