Uncapped: The Revenue-Based Financing Every Broke Startup Needs
Your company needs funds but you don’t know where to start looking? Uncapped does.
Although raising funds is difficult on its own, having to do it without knowing the process, young businesses get overwhelmed and eventually give up. That is why Uncapped was formed - to put an end to an endless financial struggle, funding-wise.
Asher Ismail started off as an entrepreneur when he got the idea for a company that will provide revenue-based financing. Piotr Pisarz, the other Uncapped co-founder joined forces with Asher and set sail towards a more functional, revenue-based financing.
The Uncapped platform was made out of sheer frustration with the poor choice of funding options on offer. It helps companies gather funds in order to not lose their ownership. Making funding accessible through an online platform, Uncapped is helping businessmen with getting a chance to obtain no-equity funding, minus the hassle of applying for it.
Asher and Piotr’s story is a tale of perseverance, motivation, and dedication.
Stepping Toward the Idea of Uncapped
People that know Asher have said that even when he was a kid, he was pretty smart and forward-thinking. While he was in middle school, Asher got an idea to sell pirated copies of some video games to his friends and schoolmates.
This idea was brushed off by one of his teachers, however, the entrepreneurial desire stayed within him. Due to his ambitious character and capabilities, even as a little kid, Asher wanted to become a businessman of some kind, and luckily for him, his dreams came true.
Piotr is a Polish-born UK resident, that’s been a pretty smart but shy kid growing up. Being a curious kid, it’s always been in Piotr’s nature to explore and resort to innovative approaches to bettering certain things. Piotr has always wanted to build a good career for himself and thus came the ambition for entrepreneurship. He always educated himself on topics revolving around entrepreneurial matters, even from a young age. And, just like any rising entrepreneur, he had to start off somewhere.
Both Asher and Piotr upgraded their knowledge and experience by working in a few companies before forming their own.
Uncapping the World of Finance
While attending the University of Toronto, Asher hit his first milestone - Make it Better was launched. Asher’s main goal was to attract firms and people to raise funds and gather donations. He managed to make L’Oreal its key partner, which later became known as the ‘partner in creativity’ because L’Oreal co-funded all of Make It Better’s art projects.
Not stopping there, Asher also worked as a consultant for BCG, and after that, as a business and strategy advisor for the CEO’s of both Skype and MoneySuperMarket.com. Entrepreneurs who have worked with Asher were very satisfied and content with his work. Next followed Asher’s second invention - Anytime, a car insurance app.
After the successful launch of two of Asher’s apps, his biggest progress occurred when he became the CEO of Midrive. However, while being involved in all of these companies, Asher realized that funding is a problem, thus the idea to start his own business emerged.
As for Piotr, he was a very dedicated student and participated in many group projects. He holds a B.Sc. degree in Finance and Accounting from Warsaw School of Economics, as well as a Masters degree from the London Business School.
Piotr’s first significant job was as a VC investor at Orange Growth Capital. After that came the work position as an Investment Manager at DN Capital. These firms provided Piotr with a lot of experience in the finance field, enabling him to slowly build an impressive career. Being strongly interested in finance, Piotr also spent several years working at Google with the finance department, assisting managers to raise growth capital without equity.
The Big Break of Uncapped
After co-founders Asher and Piotr met each other by chance, they soon realized that they had similar ideas and visions, so they decided to start working together and create something unique.
Uncapped was founded in September of 2019 and had its big break in the ruthless world of finance. Uncapped has been devised to help unfunded companies, offering them a flat fee that goes to 6% without any interest or equity.
Uncapped’s potential clients can focus on making a profit while repaying the capital, relying on Uncapped to lend a helping hand and offer from $10K to up to $5M for entrepreneurs in need of capital. By using Uncapped’s services, potential clients will not be forced to withdraw from their company and lose ownership.
Did you know that even 82% of European business owners are not very satisfied with what their bank has on offer to help them raise funds and grow their firms? That’s why Uncapped has received positive feedback from a lot of founders and companies.
Unlike anything alike in Europe, Asher and Piotr’s company offers financing of new businesses. For now, Uncapped is moving with full steam ahead, and we are sure that many more achievements will follow.
Becoming Financially Stable
Just like Uncapped is focused on financing companies in need, investors have also funded Uncapped, helping it grow larger and more financially stable. Uncapped is funded by 13 big investors, like White Star Capital, GFC, Lake Star, and Seed Camp, among others.
From its start in 2019 ‘till now, Uncapped has raised a total amount of around $120M in funding. Their most recent funding was raised on May 20th, 2021 from the latest investors Mouro Capital and All Iron Ventures.
Uncapped is one of the first revenue-based finance companies in Europe and the best as yet. But, like with any other business, making a name for oneself can be quite a task. Throughout the years, Uncapped had to give it its best t stand tall between competitors like Trade Republic, its most serious rival, My Money Jar, and Swap, among many others.
What’s Next for Uncapped?
In the last couple of years since Uncapped’s presence on the market, it has expanded to even 22 countries around Europe. Headquartered in London, UK, Uncapped offers employment to more than 70 people across 3 locations.
Throughout the years, more than 500 investments have been made in Uncapped, thanks to its potential and innovative approach.
Due to the situation with the global pandemic, Uncapped is trying to expand its firm in the rising sector of e-commerce. However it is a big step that requires a lot of time, so the process may go a little slow.
The two co-founders, Asher and Piotr, helped many European entrepreneurs and made it easier to increase capital without interest, an approach that was different from how things in the financing world worked.
When asked about Uncapped’s financing option, Asher stated that had the company existed when he was starting his own business, things would have been much easier.
Asher and Piotr remained true to Uncapped, staying with the company through thick and thin, and today, the two of them are the proud co-founders of Uncapped.
Uncapped has already raised a solid amount of funding, nearing around $120M, restlessly continuing to thrive with each passing day.
In the near future, Asher and Piotr plan on expanding their business even more and by what they have achieved so far, we can only guess that many more accomplishments are coming along.