Ultimate Uncapped Review [2024]

The United States startup loan market continues expanding at a 5.2% compound annual rate, projected to reach $12 billion by 2028. This growth showcases how non-dilutive funding can help young and ambitious startups retain equity while obtaining growth capital.

Yet there might still be worries about finding the right partner for a startup loan. Each company has different rates and fees, making it difficult to find the right one for your startup.

Whether it’s a general startup loan or revenue-based financing, you deserve access to the right information.

This Uncapped review will cover the pros, cons, requirements, and processes of Uncapped’s startup loans.

Let’s dive in.

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What does Uncapped do?

Founded in 2019, Uncapped is a startup loan provider headquartered in London. They offer capital to eCommerce, SaaS, subscription, and other digital businesses seeking growth funds without dilution.

Rather than loans, Uncapped provides merchant cash advance-style products for online businesses. Companies get upfront funding amounts from $10,000 up to $10 million, repaying over adjustable terms ranging from 2-24 months.

They focus on high-growth companies, requiring $100K+ in monthly revenue for businesses, or $10k+ for Amazon sellers, and at least 6 months of operating history.

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Uncapped Review

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Choosing the right partner for your startup requires diligence. So while reading this Uncapped review, imagine what the numbers would look like if you worked together.

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How Does Uncapped Work?

Uncapped delivers financing to startups by analyzing companies’ historical sales data to qualify applicants and create offers. Eligible firms connect existing payment platforms like Stripe and share sales figures. Then, Uncapped’s algorithms assess your company’s performance to approve funding quickly, without credit checks or lengthy applications.

Once approved, companies get capital funding from $50K up to $10M to invest as desired. Rather than loans, Uncapped transactions are structured as merchant cash advances.

Up until mid-2023 Uncapped advertised these loans as revenue-based finance. Their repayment structure required that companies repay by sharing 5-25% of daily or monthly revenue until covering the upfront amount and Uncapped’s fixed fee. Now, Uncapped offers fixed term loans, with fixed repayment schedules.

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Uncapped Investors & Funding

Uncapped has raised $361M in funding from investors, including Lloyds Banking Group. Lead investors include Mouro Capital, Lakestar, and Global Founders Capital.

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Uncapped Offerings

Uncapped currently has three main offerings with similar application processes and interest rates and fees.

Loan Types

Here are Uncapped’s main offerings:

Amazon Seller Financing

Uncapped provides financing specifically for Amazon Marketplace merchants needing capital to scale product inventory, optimize Amazon ad expenditures, or streamline operations to meet sales demands.

Qualifying Amazon FBA sellers running at least $10K+ in monthly revenue can secure funding from $10K up to $10M. Repayment automatically deducts from daily settlement payouts until recouping the upfront capital and Uncapped's fixed fee.

Growth Working Capital

Uncapped's main offering, a form of fixed-rate financing. Companies pay back advanced capital plus a fixed fee over an adjustable horizon.

This offering is targeted at online businesses including SaaS, subscription, ecommerce, D2C and mobile app companies.

Line of Credit

Designed for high growth sellers with $5M+ in annual revenue, Uncapped’s line of credit is a committed credit facility. Funds of up to $5M are available.

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Uncapped Application Process

Uncapped's website and advertising spotlight their application and funding speed, claiming the process to be 24 hours. The lender highlights automation, open APIs to connect sales data stream and algorithmic underwriting as the drivers of this expedited timeline.

Additionally, here are the qualifications you need to meet to get approved:

• Online business model: eCommerce, D2C, SaaS, etc.
• 6+ months of operating history
• $100K+ in average monthly revenue ($10k+ for Amazon Sellers)

Eligible companies connect existing payment accounts via API and provide identity verification. Uncapped's algorithms ingest 3-6 months of transaction data to automatically generate offers within roughly one day.

However, you may want to take some steps before accepting the offer like reviewing agreement terms with your legal team — meaning you might delay receiving funds.

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Interest Rates & Fees

Rather than interest rates, Uncapped charges flat fee percentages on deployed capital across its products. The exact fees are determined during the application process based on attributes like the company's financials, desired amount, payment frequency preference, and term length before reconciling the advance.

On its fixed-term loan offerings, Uncapped fees range from 15-23% APR. These charges are automatically deducted from tied sales accounts in daily, weekly, or monthly payment debits until reaching the principal amount borrowed plus fees.

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Uncapped Pros and Cons

Here are some pros to Uncapped:

• Access to significant growth capital amounts from $50K up to $10M
• Potential for automated, expedited funding in a short timeframe
• Require only 6 months of operating history to qualify

However, according to some experiences from customers, there are cons to working with Uncapped:

• Wide range of rate offers leaving exact costs unclear
• Industry-high costs
• High minimum MRR requirements
• Unclear privacy policy, potentially leaving your sensitive data in their system
• Customer support responsiveness and continuity issues

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Uncapped Reviews

Uncapped’s TrustPilot page has an overall positive score and numerous reviews.

High reviews praise the overall experience, the staff members and the UX of their platform website. There are also positive comments about the patience of sales team members and a fast turnaround time.

There are however, a couple of negative reviews which flag slow communication and opaqueness in Uncapped's contract fine print - as well as how liability protections promoted publicly manifest quite differently in legal realities should repayment obligations fail.

As with any purchasing decision, potential customers should explore online reviews and speak to current customers to assess if Uncapped aligns with their financing needs.

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Uncapped Alternatives: Quick Overview

Here’s a quick comparison chart of several Uncapped alternatives you could consider:

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Uncapped Alternatives: Complete Overview

When deciding to pursue startup loans, it’s essential to find the best provider. Not all financiers have the same revenue shares, requirements, or rates.

Whether you’re a current Uncapped user who’s been exploring alternatives, or just doing your due diligence, here are some top options to consider:

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1. Efficient Capital Labs

For startups looking for financing, Efficient Capital Labs (ECL) delivers flexible growth capital to B2B SaaS firms in over 15 countries. Headquartered in New York with operations worldwide, ECL addresses the funding gap for SaaS companies by advancing up to $1.5 million per company based on projected annual recurring revenue.

With simple and clear 10-12% financing fees, ECL focuses on founder-friendly rate transparency and alignment. Plus, ECL uses its own debt facility, ensuring you get the lowest fees on the market. Companies must have a US or Indian entity or subsidiary to apply.

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‍Services & Offerings:

• Non-dilutive financing up to $1.5M
• Transparent 10-12% flat financing fees
• Low rates and accessible offers due to vertically integrated debt facility
• Underwrites companies across all the geographies where they spend and make money

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Uncapped vs Efficient Capital Labs

Compared to Uncapped, Efficient Capital Labs offers market-leading rates, exemplary account management continuity, and clear terms–and can fund earlier stage companies as compared to other players.

ECL's extensive cross-border industry expertise also fosters genuine partnerships between financiers and recipients through investing in mutual success.

If you're between Uncapped and ECL, consider how you’d like your customer experience to be. With ECL, your SaaS company will be in the right hands to grow.

Secure your funding within 72 hours with ECL.

Apply Now

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2. Founderpath

Founderpath offers SaaS companies an alternative financing model to turn MRR into upfront growth capital without diluting founder equity or control. Companies sync banking data, subscription analytics, and other financial information to determine approval and term options. Recipients repay through fluctuating monthly MRR percentages over adjustable terms.

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Services & Offerings:

• Non-dilutive funding up to 70% of ARR
• MRR advances repaid via % revenue share
• Platform analytics on metrics like ARPU, CAC

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Uncapped vs Founderpath

While both tout speed by automating data analysis, Founderpath differs in going beyond pure financing to provide value-added SaaS tools for managing operational metrics — enabling recipients to create a linkage between capital deployment and growth impact.

If you aren’t looking for the extra suite of tools and analytics, then Founderpath likely won’t provide any extra value to you for the higher price point.

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3. Re:cap

Re:cap offers European subscription-based companies non-dilutive funding up to 60% of their annual recurring revenue, with no warrants or guarantees required. Recipients access re:cap's debt financing line to draw customized amounts on-demand.

Re:cap aligns repayment optionality to each firm's growth trajectory — companies select horizons from 12 months up to 5 years, with customizable grace periods. Amounts scale from €10k up to €5 million+ as revenue expands over time.

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Services & Offerings:

• Non-dilutive funding up to 60% of annual recurring revenue
• Flexible payment terms from 12 months up to 5 years
• Customizable grace periods to meet business needs

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Uncapped vs Re:cap

While re:cap and Uncapped both offer expedited capital based on predictable recurring sales, re:cap differentiates itself by emphasizing adjustable terms over time as European SaaS companies scale. Their dashboard also delivers benchmarking insights beyond pure financing.

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4. Lighter Capital

Lighter Capital is a USA player, which offers emerging technology and SaaS startups non-dilutive growth financing tied to recurring revenue streams. Amounts range from $200K up to $4 million based on annual sales trajectories.

Recipients can secure capital and then repay via fixed installments or fluctuating percentage revenue share agreements over adjustable under 3-year terms.

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Services & Offerings:

• Non-dilutive growth capital amounts from $200K - $4M
• Adjustable ~3-year repayment horizons
• 4-week funding process from application to deployment

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Uncapped vs Lighter Capital

While Lighter Capital and Uncapped both deliver non-dilutive capital based on predictable recurring revenues, Lighter Capital differentiates through its consultative approach and variety of facilities.

Companies work with dedicated investment advisors to select between customized term lengths, and consistent or fluctuating repayment options, along with budgeting guidance and strategic connections. However, the overall ~4-week funding cycle is comparatively less expedient than Uncapped's 24-hour turnaround claims.

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Use the Best Uncapped Alternative

Finding the ideal funding partner involves far more than comparing term sheets alone. It means deeply understanding values alignment beyond the dollars promised.

For SaaS founders navigating uncertainty, Efficient Capital Labs (ECL) delivers runway support through genuine partnerships — not just transient transactions. Backed by industry expertise, ECL’s tailored non-dilutive capital empowers sustainable scaling when you need it most.

With ECL, you can:

• Extend your cash runway
• Get a better valuation on your next fundraiser
• Raise future equity on your terms and timeline
• Complete your last mile to profitability

Make the best decision for your SaaS business.

Learn more about Efficient Capital Labs

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