Read previewRe:cap, a German revenue-based financing startup, has raised $14.6 million in Series A funding.
Borrowers can use financing on re:cap to borrow up to 5 million euros, or about $5.5 million, over terms of up to five years.
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"Overall, the private debt market is growing tremendously, faster than most if not all alternative asset classes, so the opportunity generally is huge," Paul Becker, CEO and cofounder of Re:cap, told Business Insider.
According to Atomico, funding for European startups dropped by 45% year-on-year to $45 billion in 2023, but investment in European fintech dropped well below the wider slump.
Persons:
—, Paul Becker, Felix, Becker, European fintech
Organizations:
Service, HSBC Innovation Banking, Business, Felix Capital, Finch Capital, Channel Capital, Avellina
Locations:
Berlin, European