Re:cap launches in the Netherlands
Anna-Lena Malter
| 15.06.2022
The start-up has also announced its intention to expand further in Europe. In doing so, it is apparently benefiting from the tense situation on the VC market.
Berlin-based fintech Re:cap has announced its launch in the Netherlands. It is an important step, it says, for expansion throughout Europe. The start-up says it is benefiting from the tense situation on the VC market.
Re:cap offers companies to convert up to 60 percent of their annual recurring revenue (ARR) into immediate, non-dilutive upfront payments. This way, they would have to rely less heavily on traditional investors and sell them company shares. "For a long time, VC capital was the only conceivable form of financing for many startups. However, current market conditions are forcing companies to rethink, especially when it comes to their cash flow. With our marketplace model, we will revolutionize the way software companies finance themselves," CEO Paul Becker says with conviction. He founded Re:cap together with Jonas Tebbe in 2021, with leading investors Felix Capital, Project A, Mubadala Capital and Entrée Capital.
In addition to the financing model, Re:cap now offers an analysis tool for monitoring key KPIs, which companies can also use to compare themselves within their industry.
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