Key Takeaways
- • Berlin-based fintech re:cap secures €125m credit facility backed by HSBC Innovation Banking UK and Avellinia Capital to support UK market entry and further international expansion.
- • re:cap's platform enables high-growth tech companies to access non-dilutive capital while managing liquidity, forecasting, and debt financing through an integrated operating system.
- • UK expansion represents a strategic milestone for re:cap, targeting the world's second-largest tech funding market, building on four years of operations across Germany and the Netherlands with zero defaults reported.
- • HSBC Innovation Banking has partnered with re:cap since 2022 and continues as a primary financing partner alongside new co-investor Avellinia Capital for warehouse funding and scalable European growth.
- • re:cap CEO Paul Becker emphasizes the company's track record supporting hundreds of tech companies with "full transparency" and positions the UK as a critical growth market for the capital operating system.
Summary
Berlin-based fintech platform re:cap has announced a significant expansion into the UK market, securing a €125m credit facility to support lending operations and further international scaling. The funding is provided by HSBC Innovation Banking UK and Avellinia Capital, with HSBC serving as a continuity partner following an existing relationship that began in 2022.
re:cap operates a capital operating system designed specifically for high-growth technology companies, enabling access to non-dilutive capital while integrating flexible debt solutions, real-time liquidity management, and capital planning tools on a unified platform. The company's core value proposition centers on providing alternatives to equity dilution—a critical concern for venture-backed tech firms managing growth trajectories and capital structures. Founded in 2021, re:cap has deployed its platform across Germany and the Netherlands over four years, achieving operational milestones including zero defaults and supporting hundreds of companies through its lending infrastructure.
The UK entry represents a strategic inflection point. The UK represents the world's second-largest technology funding market, making it a logical expansion target for a capital infrastructure provider. Phill Lovett, head of structured finance at HSBC Innovation Banking, highlighted the bank's confidence in re:cap's credit quality and software-driven underwriting, stating that HSBC has built "a high performing loan book underpinned by re:cap's market leading credit decision-making software." The addition of Avellinia Capital as a co-funding partner broadens re:cap's capital base and signals institutional confidence in the business model's scalability across European markets.
CEO Paul Becker framed the expansion as a natural progression driven by proven operational execution: "Over the past four years, our platform has helped hundreds of tech companies in Germany and the Netherlands scale efficiently – with zero defaults and full transparency. Now we're bringing that same infrastructure to the UK, supported by more capital than ever." The facility aims not only to fund UK operations but to support broader European expansion, indicating re:cap's ambitions extend beyond the UK market.
re:cap operates a capital operating system designed specifically for high-growth technology companies, enabling access to non-dilutive capital while integrating flexible debt solutions, real-time liquidity management, and capital planning tools on a unified platform. The company's core value proposition centers on providing alternatives to equity dilution—a critical concern for venture-backed tech firms managing growth trajectories and capital structures. Founded in 2021, re:cap has deployed its platform across Germany and the Netherlands over four years, achieving operational milestones including zero defaults and supporting hundreds of companies through its lending infrastructure.
The UK entry represents a strategic inflection point. The UK represents the world's second-largest technology funding market, making it a logical expansion target for a capital infrastructure provider. Phill Lovett, head of structured finance at HSBC Innovation Banking, highlighted the bank's confidence in re:cap's credit quality and software-driven underwriting, stating that HSBC has built "a high performing loan book underpinned by re:cap's market leading credit decision-making software." The addition of Avellinia Capital as a co-funding partner broadens re:cap's capital base and signals institutional confidence in the business model's scalability across European markets.
CEO Paul Becker framed the expansion as a natural progression driven by proven operational execution: "Over the past four years, our platform has helped hundreds of tech companies in Germany and the Netherlands scale efficiently – with zero defaults and full transparency. Now we're bringing that same infrastructure to the UK, supported by more capital than ever." The facility aims not only to fund UK operations but to support broader European expansion, indicating re:cap's ambitions extend beyond the UK market.
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