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About re:cap in general.
re:cap is made for all growing companies based in Germany or Netherlands who are already generating recurring revenues. Whether VC-backed or bootstrapped, small or large – our non-dilutive, on-demand financing solution works for you.
Creating an account is fast, easy, and free of charge. As part of the onboarding process, you will get information about your current financing limit and financing conditions. Additionally, we provide you with KPIs and additional insights for free. In short: there is no reason not to sign up!
You can get up to 60% of your current ARR in upfront capital. Simply create an account to get access to our funding platform. Once approved, you can either set a target financing volume or trade individual customer subscriptions for an instant payout. With re:cap, you basically convert your monthly or quarterly subscriptions to annual upfront payments – on demand!
No, you don’t need to tell your customers and also don’t need to change your invoicing and payment processes.
The VC fundraising process takes months, ties up internal resources and comes with additional costs for legal and/or external consultants, which quickly sum up to six digit figures. At least the major investors require board seats and investor relations management on an ongoing basis. And most importantly, you need to give up some of your equity, the most valuable stake you as founders have.
We’re not interested in shares, co-determination or board seats. re:cap is cost efficient, non-dilutive, quick and if required offers smaller financing ticket sizes (from EUR 10k). Financing is possible within 48 hours and does not require any consultants. However, re:cap financing requires repayment in contrast to equity.
We believe it is important for companies to build their capital structure on multiple pillars to reduce dependencies and maintain operational control. The current market circumstances make predictability of follow-up equity fundings much harder.
The process of getting Venture Debt is often even more complex and costly as doing an equity financing round (see above). Most venture debt funds require a minimum financing amount of EUR 3m. Venture Debt funds ask for warrants with respective dilution, collateralize all available securities and may also ask for board seats. Furthermore, the capital may not be provided in one tranche, future disbursements are connected to the achievement of milestones and you may be forced to draw additional tranches even though you may no longer need them.
re:cap provides you with a financing limit within days. You can choose how much capital you want by a click and receive the money 48 hours later. We request no warrants, collateral or board seats and can do ticket sizes from EUR 10k.
The financing limit grows with your customer base and you can disburse the capital you need - no overfunding of cash in banks necessary.
No, we don’t ask for personal guarantees or equity warrants.
Yes, it is possible to combine re:cap with other forms of funding such as traditional bank loans, venture debt, venture capital or private equity.
From sign up to getting approved.
Creating an account and syncing your data only takes a couple of minutes. After your data is submitted, we need less than 48 hours to approve your company and give access to our funding platform.
Signing up with re:cap is free of charge and there is no obligation to ever take funding.
To provide the best possible financing terms to you we need access to:
All business banking accounts and other banking platforms (e.g. Paypal)
Subscription data (customers and revenue streams)
Accounting data
If you need help providing the data, please contact us any time.
No, EBICS is not a generally accepted standard for open banking. You can provide data for those bank accounts manually.
Yes, manual data upload is possible, we provide a very simply structured spreadsheet template. However, we recommend subscription tools, as it keeps efforts lower and processes are faster.
Based on your data, we can verify that re:cap is a fit for your business. Assessing this data will help us to determine the financing terms for your business and sync eligible contracts to the funding platform.
Data security and privacy is of a particularly high priority for re:cap. We have view-only access to your connected data sources, do not process any personal data of your customers and store your data securely in Germany using 256-bit bank-level encryption.
After receiving the first funding.
As long as you are within your financing limit, you can access new funds as often as you like. The financing limit will be increased based on the growth of your business and the track record on the re:cap platform.
The funding will typically arrive in your bank accounts within two business days once it gets approved.
Once every month we will withdraw the payback amount from your bank account. The schedule for your paybacks matches the billing cycles of the traded customers – you only pay us when your customer has paid you!
We will notify you upfront about every upcoming payment, if you need to handle churned customers or upload new data to the platform.
You can also offset upcoming paybacks with additional financing transactions and thus keep your cash balance stable.
If a customer subscription you converted churns, you simply replace it with another active one or rebate the remainder.
In between 2 - 15% discount on the disbursed capital. Example: if you trade client contracts worth EUR 100,000 p.a. with a discount of 10% you receive EUR 90,000 on your account and pay back EUR 100,000 over twelve monthly installments. The amount of discount is based on your risk profile and is a result of our underwriting and scoring process.
We can finance companies being part of a group structure. However, we need to make sure that they are the actual contracting partner. In some cases a letter from the company could be necessary. We are happy to discuss with you your individual situation.
Get more out of your business.
With re:cap insights you can manage your business metrics all in one place. You can see various main KPIs like growth rates, churn rates, NDR, runway or CAC payback at one glance and dig deeper into each one of them to find out more. With these insights, you can derive actions to improve your business performance and also how you can improve your (potential) financing terms.
Furthermore, we benchmark your data with other companies in the industry, so you can see how you compare to other companies.
We sort your KPIs into four clusters: revenue (e.g. MRR), cash flow (e.g. runway), financial health (e.g. CLV/CAC ratio) and company (e.g. time since first revenue).
In addition to those clusters, you can see your re:cap rating based on your data, including your (potential) financing fee and financing limit. Also, we show you how much dilution you avoid by choosing re:cap over other financing options and how much potential revenue growth you can achieve with re:cap.
re:cap insights is available for free to anyone who signs up on our platform and connects their data. Just create an account like you would to get financing and submit your data - you do not have any obligation to collect funding from us, but you can benefit from analyzing the insights we provide.
