"We are fortunate to have attracted a strong set of fintech investors and angels as we pursue our mission of creating a new approach to financing for subscription revenue companies. We believe that financing solutions should be built like software: user-centric and data-driven" says Paul Becker, CEO of re:cap.

With re:cap's digital matching platform, companies part of the subscription economy can sell part of their recurring revenue for a fixed period of time, in return for an immediate one-off payment related to the annual subscription they charge their customers. This provides companies with an inexpensive and timely financing solution without having to suffer equity dilution, high interest rates and undergo complex lending processes. Using a marketplace model, re:cap is creating a new asset class in which institutional and sophisticated investors can buy the revenue streams at a discount and receive the cash flows over the fixed duration of the revenues.

"The combination of an experienced team at re:cap together with a captivating and disruptive business idea, quickly got our attention and led to the investment in re:cap. re:cap will revolutionize the financing of European digital companies in the subscription economy," says Avi Eyal, Managing Partner of Entrée Capital.

re:cap was founded at the beginning of 2021 by Paul Becker (CEO) and Jonas Tebbe (CPO). Becker and Tebbe have previously founded and built Europe's leading wealth tech company LIQID over a period of three years, which now has over EUR 1 billion in assets under management. They then founded the fintech consultancy firm &do and developed digital business models and products for family offices, asset managers and private equity firms.

With the pre-seed funding, re:cap will bring its product to market maturity, attract institutional investors as well as customers to the marketplace and expand the team.