Uncapped chooses Salt Edge to accelerate companies’ eligibility checks for funding

Uncapped, Europe’s first revenue-based finance provider, joined hands with Salt Edge, leader in offering open banking solutions, to verify data from client’s bank accounts at the touch of a button and to shift the funding process into the highest gear.

Uncapped helps entrepreneurs raise crucial growth capital without giving up control of their businesses. Uncapped offers a unique service for the European market by offering start-ups and other companies financial resources with 0% interest. Salt Edge Partner Program helps Uncapped to accelerate the eligibility checks, providing instant access to the required data aggregated from banks. Now the company will be able to speed up the time it takes to verify the applicant’s business performance and boost a lending decision from several days to a few hours. Salt Edge’s global coverage grants Uncapped instant international reach and borderless business availability. 

Uncapped has leveraged open banking technology to pot automatisation in their funding processes in Europe. Uncapped clients range from companies in the e-commerce, SaaS, direct-to-consumer, gaming to app development sectors and company’s service takes only 3 minutes to apply. Driven by Salt Edge’s open banking and data enrichment solutions, Uncapped eliminates red-tape and bureaucratic obstacles which businesses usually meet trying to qualify for additional funding. Via data enrichment solution, Uncapped obtains the bank data of their clients in a categorised and normalised format that saves a great deal of time, thus digitalising and speeding-up the verification process.

Uncapped provides businesses the possibility to raise significant growth capital without casting off control of their business. Collaborating with Salt Edge, we are able to speed-up the eligibility checks for funding and granting resources to the companies looking for financial boost. We feel special responsibility and honor to support and even bolster companies’ development by providing additional funding via modern technology.

Piotr Pisarz, CEO and Co-founder at Uncapped

Open banking brings so many different applications and we are excited to find new ways of helping companies grow. Salt Edge’s ready-to-use solutions help Uncapped simplify and accelerate the processes of business eligibility verification, thus offering the possibility for faster funding to enterprises in Europe. Collaborating with Uncapped we are truly proud to promote open banking solutions and be a part of something so important nowadays.

Vasile Valcov, VP at Salt Edge

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About Salt Edge

Salt Edge – a financial API platform with PSD2 and open banking solutions. The company has two main vectors of activity: enabling third parties to get access to bank channels via a unified gateway, and developing the technology necessary for banks to become compliant with the directive’s requirements. ISO 27001 certified and AISP licensed under PSD2, the company employs the highest international security measures to ensure stable and reliable connections between financial institutions and their customers. The company is integrated with 5000+ financial institutions in 50+ countries.

More information: www.saltedge.com
Phone number: +1-437-886-3969
Email: press@saltedge.com

About Uncapped

Uncapped is Europe’s first revenue-based finance provider founded in 2019, which allows founders to raise growth capital without giving up control of their business. The company was born out of frustration with the limited financing options available for European entrepreneurs. Uncapped provides business advances of between £10k and £2m with 0% interest and no hidden charges, allowing founders to access fair and flexible finance. It makes money by charging a low flat fee which is paid back from future sales revenue.

More information: www.weareuncapped.com
Email: contact@weareuncapped.com