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.

• Growth lending. Money to grow faster than your own cash flow allows: hiring, marketing, new markets, capacity. Useful when you already know what you would spend it on, and what it should return.
• Working capital finance. Money against liquidity that is committed but not yet received, such as receivables or inventory. It covers long payment terms, up-front costs and volatile cash flow.
• Acquisition finance. Money to buy another company.
• Refinancing. Replacing an existing facility on better terms, or consolidating several facilities into one.

See our case studies for what companies have actually done with it.

It depends on the facility.

• Growth lending: €250,000 to €5 million.
• Working capital finance: €50,000 to €3 million.
• Acquisition finance: €1 million to €20 million.
• Refinancing: sized against the facilities being replaced.

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Published figures quoting a single re:cap interest rate describe a discontinued balance-sheet lending product and are out of date.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:

• Revenue: how much, how predictable, and how fast it is growing.
• Margin and profitability, or a credible path to it.
• Cash position and how quickly you are consuming it.
• Customer concentration: how much of your revenue depends on a small number of customers.
• Existing debt, and what it is secured against.

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.

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 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

• We use your bank account data to analyse your company's cash flows at an aggregated level.
• You connect all accounts securely and give view-only access. If we do not support your bank yet, let us know and you can provide the data manually.

Accounting data

• We use it to analyse and verify your financial situation.
• You can connect it, or upload it manually in Excel or CSV format.

Additionally for the tailored track

Revenue and customer data

• We use it to identify your contracts and revenue streams.
• You connect your subscription or billing tool via view-only access. If we do not support your tool, get in touch, or upload the data manually.

Business plan

• We use it to understand your goals and how you will use the financing, and to build the plan together with you.

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.

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.

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.

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.