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USE CASE

Lever your business and optimize your capital stack

Asset light companies are often stuck with equity when raising capital as they have no tangible collateral to lend against.  With re:cap, you can avoid dependency on equity rounds and reduce dilution of ownership by getting access to your future revenues now.

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Work with industry experts

re:cap is developed along the needs (and pains) of fast-growing companies. We bank the underbanked.

Reduce dependency on venture capital

Diversify your capital stack now to reduce dependency on venture capital and build up a future-proof funding strategy.

Optimize your next or first equity round

Increase your valuation and dilute less by fundraising later with higher ARR and better unit economics.

Leverage your equity

Leverage your equity piece and get additional cash into your company.

Why should you optimize your capital stack with re:cap?

Compared to other alternatives re:cap provides a dilution free financing option during all company stages with an easy and quick application and servicing process.
Fixed costs
Additional costs
Time to money
Amount
Non-dilutive
Restrictions
Reporting requirements
Access
Venture Debt
8% – 15% p.a.
May be divided in cash and Payment-in-Kind (PIK) interest rates
>€100k – open end
Counting in legal fees, closing fee, maturity fee, equity warrant or equity kicker, etc.
3+ months
€1m – €50m
Often divided into tranches, where each tranche is tied to the achievement of milestones
Due to equity warrants or equity kicker
Covenants & securities
For example pledges on receivables, patents, intellectual property and/or bank accounts
Monthly reporting
Depending on the respective exposure, providers may also ask for board seats
Starting at growth stage
2% – 15% on each financing
None
48 hours
Up to 60% of ARR
None
Automated through platform
All company stages
Get started
Venture Capital
5% – 25% equity
>€100k – €900k
Legal, notary and potentially advisor fees
3+ months
€1m – €50m+
Personal guarantees
Monthly reporting, board seats
All company stages
Bank
3% – 12% p.a.
Maybe
Weeks
€1m – €50m+
Covenants & securities
Banks typically require collateral to secure their exposure. Only limited credit volumes will be granted unsecured.
Monthly reporting
Offered during IPO stage
Banks prefer profitable business models. However, if a company intends to go public, banks may lend as a part of the placement process in order to get the mandat.
More options

Reduce dependency on venture capital and venture debt.

Less dilution

Stay in control of your company and cap table.

Less costs

Save valuable time and money spent on due diligence and reporting.

More control

Your business, your decisions. With re:cap you stay in control of your vision.

What other founders achieved with re:cap

While validating funding options to accelerate our growth we came across re:cap’s financing line and quickly realized it’s exactly what we needed: full flexibility and full control at attractive conditions. The process was transparent and fast (days, not months) which allowed us to focus on our core business.
Artur Hasselbach
CFO at Talentsconnect
For us as a company with recurring revenues from offering both hardware and software-as-a-service, re:cap's financing option is a great tool for cash flow management. In addition to that, the financing process was quick and uncomplicated.

Frederik Merz

CBDO & Co-Founder at ampere.cloud

re:cap has enabled us to get access to funding in an incredibly fast and transparent process. Also, I really like the business insights dashboard which helps us to understand and improve our funding terms. I would recommend every founder to look into re:cap as a financing partner.

Tobias Hagenau

CEO & Co-Founder at awork

With re:cap, we were able to get non-dilutive funding at an early stage which is great for every startup founder. The whole process was simple and fast, and we look forward to a long-term partnership in building Meisterwerk.

Bertram Wildenauer

CEO & Co-Founder at Meisterwerk

In the first instance, we used the flexible liquidity buffer gained through re:cap to finance long-term marketing and sales activities that we would not have been able to tackle until later without re:cap. We are pleased to be able to continue using re:cap for flexible growth, for example to expand our sales team.

Dirk Brockmeyer

Executive Partner at Tabtool

FAQs

Didn’t find an answer? Talk to us.

Is it possible to combine re:cap with other forms of funding?

Yes, it is possible to combine re:cap with other forms of funding such as traditional banks, venture debt, venture capital or private equity. However, it is important to ensure that the receivables have not already been pledged as collateral elsewhere.

Is it possible to refinance existing debt?

Yes, uses of funds also include refinancing of existing debt.

Can I extend the financing period to optimize the cash flow even further?

Yes, as long as you are within your financing limit you can offset upcoming repayments with additional financing transactions and thus keep your cash flow in control. We are happy to explain the details incl. cash flow simulation analysis individually for your company.

Is re:cap right for my company? Why should I sign up?

re:cap is made for all growing companies based in Germany or Netherlands who are already generating recurring revenue. 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!

Need more information? Please visit our general FAQ section here or contact us!

Start as early as possible

Stay in control of your vision with non-dilutive capital.

How re:cap works

Digital, fast, seamless. Our platform allows you to get started in minutes, receive funding and growth advice in days not months.

Step 1
Step 2
Step 3
STEP 1
Data
Set up your account and sync your data
STEP 2
Approval
Get approved, receive your terms & growth advice
STEP 3
Funding
Use financing line