re:cap

re:cap

Non-dilutive funding and benchmarking for SaaS.

Overview

Re:cap provides tailored funding and benchmarking for digital companies, especially in SaaS, recurring-revenue, and services. It offers non-dilutive financing up to €5 million with flexible repayment terms from 12 months to 5 years, adjustable as a business grows. The funding aligns with a company’s cash balance and goals, avoiding generic financing. In addition to capital, Re:cap offers a benchmarking platform that reveals how a business stacks up against peers, helping identify strengths and areas for improvement to reach market leadership. Revenue likely comes from interest and fees on the funding and fees for access to the benchmarking platform. Unlike lenders that push standardized packages, Re:cap differentiates itself by tailoring funding to each company’s needs and by keeping equity intact for the founders.

Significant Headcount Growth

About re:cap

Simplify's Rating
Why re:cap is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Enterprise Software

Fintech

Financial Services

Company Size

51-200

Company Stage

Debt Financing

Total Funding

$278.7M

Headquarters

Berlin, Germany

Founded

2021

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Simplify's Take

What believers are saying

  • 2025-11-25 Hello Klean took £1.5 million from re:cap for expansion.
  • The July 2025 UK launch opened a larger market with stronger tech financing demand.
  • Recurring-revenue founders now prefer capital-efficient growth, boosting demand for non-dilutive debt.

What critics are saying

  • HSBC provides warehouse funding since 2022; one partner repricing tightens re:cap's growth runway.
  • More lenders copy revenue-based finance, compressing spreads and weakening re:cap's underwriting edge.
  • If default losses spike in 2025-2026, the credit platform becomes existentially fragile.

What makes re:cap unique

  • 2025-07-11 HSBC and Avellinia backed re:cap's €125 million UK credit facility.
  • re:cap's Capital OS combines underwriting, planning, and flexible non-dilutive funding for SaaS companies.
  • Its 60-month repayment windows fit subscription cash flows better than bank-style short-term lending.

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Funding

Total Funding

$278.7M

Above

Industry Average

Funded Over

6 Rounds

Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison
Coming Soon

Growth & Insights and Company News

Headcount

6 month growth

7%

1 year growth

11%

2 year growth

13%
Citybiz
Nov 24th, 2025
Hello Klean Raises £1.5M for Expansion After Reaching Half a Million Customers Bootstrapped

Hello Klean secures £1.5M debt financing from re:cap to scale global growth, boost working capital, and expand its design-led, lab-tested shower filtration brand.

Brown Brothers Media
Nov 24th, 2025
Bootstrapped and profitable Hello Klean raises €1.7M

Hello Klean has secured €1.7M to advance its work in water-focused personal care and strengthen its presence in key markets.

Finextra
Jul 17th, 2025
Yetipay raises £3.5m for expansion

UK payments startup yetipay has raised £3.5 million to expand its platform and introduce new products for hospitality and retail clients. The funding includes a £1.75 million debt facility from Berlin-based re:cap and £1.7 million equity from super angel investors. Yetipay, with £4.7 million in ARR and processing £450 million annually, aims to compete with larger players while maintaining a lean operation. This brings yetipay’s total funding to £6.6 million.

deutsche-startups.de
Jul 14th, 2025
re:cap expands to UK with €125M

#StartupTicker reports on key startup news: Ten Startup Factories are established across Germany, with a focus on the Southwest, receiving up to €10 million each, matched by private funds. There's a strong sense of optimism in the German startup scene, with expansions by re:cap (€125 million credit line), Kipu Quantum, Flix, driveMybox, and Aware. Helsing delays IPO plans, Stark remains secretive, and 21done rebrands to 21häbits. Piur Imaging raises €5.6 million, and Apryse acquires Scanbot SDK.

re:cap
Jul 14th, 2025
re:cap is live in the UK and secures €125M facility

Jul 11, 2025 Berlin fintech expands with a new funding structure backed by HSBC Innovation Banking UK and Avellinia Capital, powering the next phase of its operating system for capital planning and growth.

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