How founders can grow their business through funding with Piotr Pisarz
Are you a SaaS founder who's struggling to secure funding?
You're not alone.
Traditional funding sources, like VCs, can be difficult to access, especially if you don't have the right connections or qualifications.
But there's hope.
Uncapped is a leading alternative funding provider that offers a more flexible and accessible funding option for e-commerce and SaaS founders.
In a recent episode of the WellFounder podcast, Piotr Pisarz, Founder and CEO at Uncapped, shared valuable insights on their unique approach to funding and how they are empowering the next generation of entrepreneurs.
How does Uncapped work?
Unlike VCs, Uncapped doesn't require you to give up equity in your business. Instead, you borrow funds and repay them with a small fee.
This means you can keep full ownership and control of your business.
Their underwriting process is designed to deliver quick credit decisions, often within hours. Once approved, the funds can be disbursed as early as the next day.
Here's how the borrowing process works:
Step 1: Register and check eligibility in minutes.
You start by registering for an account with them and can find out if you’re eligible for funding in less than 2 minutes.
Step 2: Connect your accounts
If you're eligible, you'll be able to quickly share your revenue data with them so they can start preparing your offer.
Step 3: View offers
After evaluation, their system will generate funding offers for you to choose from in just 24 hours.
Pretty simple, right?
What are the risks?
Like any lending institution, Uncapped faces the risk of default. However, they don't require personal guarantees or collateral from their clients.
This means that, in the event of a default, Uncapped rights off the loss, as it is built into their business model.
That said, they carefully select the businesses they work with to mitigate the risk of defaulting and ensure a higher likelihood of successful repayment.
What are the loan terms and amounts?
Uncapped offers loans with varying repayment terms, typically ranging from several months to two years. The standard loan duration is approximately six months, providing businesses with the necessary runway for growth.
Founders can borrow from as little as £50,000 to up to £10m.
How does Uncapped compare to other alternative funding providers?
Uncapped differentiates itself by specializing in e-commerce and SaaS businesses. Their deep industry expertise allows them to offer tailored solutions and a superior product.
While there are other players in the alternative funding market, such as Wayflyer and Funding Circle, Uncapped's strong focus on specific industries sets them apart and positions them as a trusted funding partner for entrepreneurs in these sectors.
Do they offer support to founders?
Uncapped's primary focus is on providing efficient and fast funding solutions. Given the lower fees associated with their loans, extensive consulting or advisory services become financially challenging.
However, for larger clients, Uncapped establishes a closer relationship, offering additional support to ensure their success.
This tailored approach allows them to strike a balance between providing valuable guidance and maintaining their streamlined process for maximum efficiency.
Wrapping up
If you're a SaaS founder who's struggling to secure funding, you should check out Uncapped.
Visit their website to learn more and see how they can empower you to pursue growth opportunities and scale effectively.
Connect with Piotr
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