Lakestar invested in Uncapped in 2019.
Lakestar is a venture capital firm that invests in outstanding digital and technology entrepreneurs worldwide. Founded by Klaus Hommels, one of Europe’s leading venture capitalists, Lakestar has invested in many of the companies that define today’s digital economy, including Facebook, Spotify and Skype, and more recently Opendoor, Omio, Glovo and Revolut.
Founded in 2019 by Piotr Pisarz and Asher Ismail, Uncapped provides founders with business advances of between £10k and £5m for a flat fee as low as 6%. Businesses only repay the capital as they make revenue with no set repayment and no compounding interest, equity or personal guarantees, and there are no credit checks or business plans required.
Lakestar invested in Revolut because they are building the financial operating system for digital entrepreneurs.