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Uncapped

Can a non-dilutive working capital platform become the default funding layer for high-growth e-commerce and Amazon sellers globally?

Founded2019
HQLondon, UK
Latest roundOct 2023
IndustryFintech / Lending
The story

Uncapped launched in 2019 as a revenue-based finance provider for online and e-commerce businesses, offering non-dilutive capital as an alternative to venture or bank lending. Over time it expanded its product suite from pure revenue-share arrangements into fixed-term loans and a committed line of credit, moving toward a broader working capital platform. The company partnered with PingPong for cross-border lending services, signalling an FX/international dimension to its merchant lending. Its use of Rutter's Unified API reflects an infrastructure push to accelerate accounting and platform integrations as a core part of its underwriting data strategy.

Last 12 months
2023-10
Product timeline
2019
Uncapped founded to provide revenue-based financing to online businesses.· lending
2021
Expanded product suite with fixed-term loans and working capital products targeting e-commerce and Amazon sellers.· lending
2023
Launched Line of Credit product for high-growth brands with £5M+ annual revenue.· lending
2023
Latest funding round raised (Oct 2023, per Crunchbase).· pivot
The stack
Lending
Fixed Term Financing ($10K–$2M)Line of Credit (£5M+ annual revenue)Funding for Amazon Sellers (working capital)
Open banking
Yapily
FX & payouts
PingPong
Accounting
QuickBooksXeroNetSuiteMicrosoft Dynamics 365 Business Central
Accounting gap: minor