re:cap, a Berlin-based fintech firm known for its Capital Operating System (Capital OS), is expanding into the UK market and has secured a €125 million credit facility from HSBC Innovation Banking and Avellinia Capital. This funding will enable the company to offer more flexible financing options to tech firms.
As the tech industry shifts toward capital efficiency, re:cap’s Capital OS provides a platform that combines flexible debt, real-time liquidity management, and comprehensive capital planning. This enables high-growth companies to manage their capital more effectively, thereby reducing their reliance on equity and traditional lending.
The UK, being the world’s second-largest tech funding market, presents a strategic opportunity for re:cap. Many startups there are grappling with challenges like rising interest rates and investor scrutiny, leading them to seek alternative financing. re:cap’s system not only offers access to non-dilutive capital but also essential planning tools for effective fund deployment.
The idea for re:cap was born when co-founders Paul Becker and Jonas Tebbe identified a gap for integrating capital access with real-time financial analysis. Since launching in Germany in 2021, re:cap has deployed over €100 million across Germany and the Netherlands, maintaining a zero-default track record, which reflects the quality of its underwriting.
How the funding will be used: With its new funding and expansion into the UK, re:cap aims to integrate capital, planning, and execution into a single system, positioning itself as a key resource for founders and CFOs throughout Europe.
KEY QUOTES
“Over the past four years, our platform has helped hundreds of tech companies in Germany and the Netherlands scale efficiently – with zero defaults and full transparency. Now we’re bringing that same infrastructure to the UK, supported by more capital than ever, provided by our strong existing and new partners.”
Paul Becker, CEO and co-founder of re:cap
“It has been a privilege to partner with re:cap since 2022, providing warehouse funding to enable the business to build a high performing loan book underpinned by re:cap’s market leading credit decision-making software. We are extremely happy to continue to work with the company and welcome Avellinia Capital as an additional financing partner. Together, we will provide a scaleable source of finance to enable continued growth across Europe and the UK.”
Phill Lovett, Head of Structured Finance at HSBC Innovation Banking
“re:cap is solving a major headache for tech founders. Traditional banks rarely lend to startup and growth tech companies and venture debt is usually only available for later stage companies. With re:cap, tech companies can easily and flexibly receive growth capital, while benefiting from a powerful real-time analytics platform. We’re pleased to commence our collaboration with re:cap, leveraging an innovative financing structure, as we enter this next phase together.”
Julian Schickel, Founding Partner at Avellinia Capital
