Fintech Startup re:cap Secures Series A, Unveils New Software
The re:cap leadership team - © re:cap
Berlin-based financing and data insights company re:cap has raised $14.6 million in a Series A funding round. The round, led by pre-seed investor Entrée Capital, included participation from existing shareholders Felix Capital and Project A. This funding follows a period of significant growth for re:cap, positioning the company to further expand its alternative debt financing business and to scale its new SaaS platform.
“Since day one, our mission has been to build a platform that connects businesses with investors, enabling better decision-making for providers of capital and better financing options for businesses," said Paul Becker, co-founder and CEO of re:cap.
The funds will support the launch of re:cap Institutional, a data-driven software platform for investors, and Cash Insights, a cash flow management tool for businesses. Re:cap Institutional provides modern investors with real-time cash flow monitoring, automated data collection, and early warning systems. First customers include investment firms Avellinia Capital and Channel Capital.
In the past year, re:cap has grown its deployed funding volume and annual recurring revenue by four times. Their partnership with HSBC Innovation Banking has bolstered their long-term debt funding product, while a new short-term funding product for services businesses highlights their growth ambitions.
Founded in Berlin in 2021 by Paul Becker and Jonas Tebbe, re:cap has rapidly emerged as a key player in the fintech space. This recent funding round marks a significant milestone in re: cap’s journey to becoming a global software and financing powerhouse.
These details are taken from the official press release provided by re:cap.
