Salt Edge to Accelerate Uncapped's Eligibility Checks for Funding
- Open Banking
- 13.10.2020 11:31 am
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.
Piotr Pisarz, CEO and Co-founder at Uncapped, said: "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."
Vasile Valcov, VP at Salt Edge, added: "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."