The round is being led by Entrée Capital1, and it includes an internationally renowned group of fintech angels and founders. re:cap is building a digital marketplace with a financing solution for companies with recurring revenue streams. With re:cap's digital matching platform, companies part of the subscription economy can sell part of their recurring revenue for a fixed period of time, in return for an immediate one-off payment related to the annual subscription they charge their customers. Using a marketplace model, re:cap is creating a new asset class in which investors can buy the revenue streams at a discount and receive the cash flows over the fixed duration of the revenues.
re:cap was founded at the beginning of 2021 and the pre-seed funding will bring its product to market maturity, attract institutional investors as well as customers to the marketplace, and expand the team.
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