re:cap
re:cap is a Berlin-based fintech that provides growth-focused European SMEs with non-dilutive debt financing up to €5M, combined with an AI-powered Capital Operating System for cash-flow analysis, forecasting, and capital strategy, plus a SaaS platform for institutional investors.
- Company typePrivate
- Founded2021
- HeadquartersBerlin, Germany
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What re:cap does
re:cap is a Berlin-based fintech founded in December 2021 that provides growth-focused European SMEs with non-dilutive debt financing of up to €5M per borrower, combined with an AI-powered Capital Operating System (Capital OS) for cash-flow visibility, forecasting, and capital strategy. The company was founded by Paul Becker (CEO) and Jonas Tebbe (CPO), is backed by Entrée Capital, Felix Capital, Project A, and Mubadala Capital, and holds a German §34c GewO loan-broker license. It has deployed over €200M in debt funding with zero defaults reported in Germany and the Netherlands, and in July 2025 secured a €125M credit facility via HSBC Innovation Banking and Avellinia Capital to support UK market expansion.
The platform combines open-banking connectivity (GoCardless for 2,500+ European banks and Plaid for 12,000+ North American banks) with proprietary machine-learning and large-language-model pipelines that classify bank transactions at 98.8% accuracy, process 250M+ data points daily, and analyze over €20BN in transaction value. Capital AI, launched in September 2025, layers conversational analysis and autonomous capital agents on top of this data infrastructure. The product suite includes re:cap Institutional — a SaaS platform serving alternative lenders, private credit managers, and VCs (named adopters include Avellinia Capital and Channel Capital) — alongside Cash Insights, liquidity analysis, forecasting, and accounting automation modules.
re:cap operates a hybrid go-to-market combining self-serve platform onboarding with consultative enterprise sales, distributing debt capital through partnerships with institutions such as HSBC Innovation Banking while marketing to SMEs through content channels including The Capital Stack newsletter (10,000+ subscribers). Revenue is generated from interest and fees on the debt book plus SaaS subscriptions for institutional tooling, with the model explicitly designed to preserve customer equity while embedding re:cap into ongoing treasury workflows.
re:cap firmographics
Firmographics- Name
- re:cap
- Legal name
- re:cap Technologies GmbH
- Website
- https://re-cap.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- re:cap is a Berlin-based fintech that provides growth-focused European SMEs with non-dilutive debt financing up to €5M, combined with an AI-powered Capital Operating System for cash-flow analysis, forecasting, and capital strategy, plus a SaaS platform for institutional investors.
- Ownership category
- akta.pro rank
re:cap industry classification
Industry- Product category
- Embedded Lending Platform
- NAICS
- Commercial Banking (522110), Other Investment Pools and Funds (5259)
- SIC
- Short-Term Business Credit Institutions (6153), Finance Services (6199)
- akta.pro primary industry
- SME Lending & Working Capital Platforms (FSAGAJAA)
- akta.pro secondary industries
- Treasury, Cash Management & Liquidity (SME) (FSAGAJAG), SME Term Loans & Growth Capital (FSAKAGAB), Robo-Advice for Institutional/Treasury (OCIO-lite, Cash & Liquidity) (FSAGAEAJ)
Keywords
Where re:cap is headquartered
LocationHeadquarters
- HQ city
- Berlin
- HQ country
- Germany
- HQ region
- Europe
Offices1 record
Markets served
re:cap business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Debt Financing / Non-Dilutive Capital: re:cap provides credit lines up to €5M to growth-focused SMEs. Revenue generated from interest and fees on debt funding provided. The company has deployed over €200M in debt funding with zero defaults in Germany and Netherlands.
- SaaS Platform Subscriptions: re:cap Institutional platform for investors providing portfolio monitoring and financial analysis tools. Also includes Cash Insights and other SaaS tools for businesses.
- Debt Facility for Partners: re:cap provides debt facilities to other fintechs and companies, such as the £1.75M debt facility provided to Yetipay alongside equity investment.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Pay-as-you-go | Credit lines up to €5M for non-dilutive debt financing |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels7 records
re:cap product offering
Product offeringCore offering
re:cap operates as a Capital Operating System (Capital OS) that combines non-dilutive debt funding up to €5M with AI-powered financial operations for growth-focused SMEs. The platform integrates real-time cash flow analysis, forecasting, and Capital AI guidance, while also serving institutional investors through re:cap Institutional for portfolio monitoring and underwriting automation. The underlying engine uses proprietary ML/LLM models (98.8% transaction categorization accuracy) and open banking connections across 14,000+ banks in Europe and North America.
Product overview
re:cap operates as a Capital Operating System (Capital OS) that unifies debt funding access with AI-powered financial operations. The platform consists of Capital OS as the core product, supplemented by re:cap Institutional for institutional investors, Capital AI for AI-powered analysis, and modules including Liquidity Analysis, Forecast, Debt Funding, Accounting Automation, and Cash Insights. The architecture integrates open banking connections (GoCardless for EU, Plaid for North America) with proprietary machine learning for transaction categorization to deliver real-time financial insights and non-dilutive capital access to growth-focused SMEs.
Differentiator
Problem solved
Functional benefit
Brands
- re:cap Institutional: SaaS platform for institutional investors providing portfolio management, monitoring, and financial insights for investors and portfolio companies.
- Capital OS
- Capital AI
- Cash Insights
Products and services
- Capital OS
Quantifiable outcome
- 98.8% accuracy in transaction categorization
- +5 more outcomes
Companies that use re:cap
Customer profileNamed customers10 records
Segments2 records
Ideal customer profiles2 records
re:cap technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability8 records
Feature6 records
re:cap partnerships and signals
Strategic signalScale indicators7 records
Recent moves7 records
Expansion highlights6 records
re:cap competitors and assessment
Company assessmentDirect peers
- iwoca: London-based fintech providing flexible credit lines and working capital loans to SMEs across the UK and Europe using technology-driven underwriting. Closely comparable to re:cap in target customer (growth-stage SMEs), product (revolving credit lines), and European geographic focus.
- Uncapped: London-based provider of non-dilutive growth capital and revenue-based financing to founders and SaaS companies. Highly comparable to re:cap in offering non-dilutive funding, target segment (growth-stage SMEs/founders), and European focus.
- Wayflyer: Dublin-based revenue-based financing and analytics platform for e-commerce and SaaS companies. Comparable to re:cap on RBF structure, growth-stage SME segment, and the combination of capital with financial analytics/insights.
- Clearco: Toronto-based (formerly Clearbanc) provider of revenue-based financing and capital to founders and SaaS businesses. Directly comparable to re:cap on non-dilutive, revenue-linked funding model and tech/SaaS growth-stage customer segment.
- Liberis: London-based embedded finance platform offering revenue-based financing and capital solutions to small businesses, often via partnerships with banks and software platforms. Directly comparable to re:cap on non-dilutive SME capital and fintech-led distribution.
- Pleo: Copenhagen-based fintech providing business spending cards, expense management, and financial operations tools to European SMEs. Comparable to re:cap on European SME fintech focus and integrated capital/operations software stack.
Broad incumbents
- Funding Circle: London-listed SME lending marketplace originating term loans to small businesses across the UK, US, and Europe. Comparable to re:cap on SME lending focus but operates at greater scale via a marketplace model and serves a broader, more traditional SME segment.
- Tide: UK-based business financial platform offering business current accounts, invoicing, and integrated financial services to over 500,000 SMEs. Comparable to re:cap on UK SME fintech positioning but broader in scope, with banking-licence-driven services.
- Brex: US-based corporate card and spend management platform that has expanded into lending, bill pay, and treasury software for businesses. Comparable to re:cap on the convergence of credit and integrated financial-operations software for growth companies.
- Ramp: US-based corporate card and spend management platform offering cards, bill pay, and treasury automation to tens of thousands of businesses. Comparable to re:cap on the integrated capital + financial-operations software thesis for growth-stage businesses.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
re:cap social profiles
Digital presencere:cap compliance and trust
Trust signalCompliance2 records
re:cap financial estimates
Financial estimateRevenue estimate
Valuation estimate
re:cap leadership team
Management profileNumber of profiles
Profiles2 records
re:cap funding detail
Funding detailFunding overview
Funding rounds6 records
Investors7 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
re:cap M&A and investment
M&A and investmentM&A
Investments3 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about re:cap
What does re:cap do?
re:cap operates as a Capital Operating System (Capital OS) that combines non-dilutive debt funding up to €5M with AI-powered financial operations for growth-focused SMEs. The platform integrates real-time cash flow analysis, forecasting, and Capital AI guidance, while also serving institutional investors through re:cap Institutional for portfolio monitoring and underwriting automation. The underlying engine uses proprietary ML/LLM models (98.8% transaction categorization accuracy) and open banking connections across 14,000+ banks in Europe and North America.
Is re:cap a public or private company?
re:cap is a private company. It is classified as venture growth investor backed and is currently operating.
When was re:cap founded?
re:cap was founded in 2021. It employs 51 to 100 people.
Where is re:cap based?
re:cap is headquartered in Berlin, Germany, in the Europe region.
How does re:cap make money?
Three revenue lines are on record. Debt Financing / Non-Dilutive Capital is the primary driver. The others are saaS Platform Subscriptions and debt Facility for Partners.
Who are re:cap's main competitors?
Direct peers on record are iwoca, Uncapped, Wayflyer, Clearco, Liberis and Pleo. Broad incumbents are Funding Circle, Tide, Brex and Ramp.
Does re:cap have an API?
No public API is recorded for re:cap.
What industry is re:cap in?
re:cap's product category is Embedded Lending Platform. Its primary akta.pro industry code is FSAGAJAA, SME Lending & Working Capital Platforms, with a secondary code of FSAGAJAG, Treasury, Cash Management & Liquidity (SME). Its NAICS code is 522110 and its SIC code is 6153.