Berlin-based fintech company re:cap has announced its expansion into the UK market and the launch of a €125m (£107) credit facility.
The facility is backed by HSBC Innovation Banking and Avellinia Capital, with re:cap providing the platform and infrastructure to support real-time capital planning and flexible funding for technology companies.
re:cap, which developed the Capital Operating System (Capital OS), offers an integrated platform combining debt funding, liquidity management, and capital planning.
Founded by Paul Becker and Jonas Tebbe, the idea for re:cap originated during their work in digital due diligence at a private equity firm.
Phill Lovett, head of structured finance at HSBC Innovation Banking, said: “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.”
Julian Schickel, founding partner at Avellinia Capital, added: “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.”
