Avellinia Capital

"We solve one of the biggest problems in the real economy – suppliers and staff need to be paid on time, yet clients take time to pay."

"With our funding product, we’re solving the challenge that tech companies so far would mostly use equity funding to fund their growth. This is a very costly capital source, as it comes with dilution and loss of control. Traditional banks rarely lend to unprofitable tech companies, and venture debt is usually only available for later-stage companies (and often comes with dilution/loss of control as well). With re:cap, tech companies starting from roughly 1m ARR get a flexible, tailored and transparent option to receive growth capital."

"The vast majority of SMEs we interact with are willing to grant us access to their bank data via Open Banking. They’re familiar with this tool because it is commonly used with their accounting software. They see the benefit of a simpler process than manually providing bank statements and other data. Nor do they have to make personal guarantees when applying to us."

"We believe the days of one-trip ownership are coming to an end. Under Raylo’s circular model, devices will be used by a minimum of two people over a lifespan of six to seven years."