Uncapped, a London-based start-up changing the way online companies fund their growth, marketing and inventory costs, today announced the appointment of Vaidas Adomauskas as Chief Product Officer. Adomauskas brings a wealth of experience gained in product management, strategy and delivery in FinTech, SME banking, Software as a Service (SaaS) and Banking as a Service (BaaS) environments.
Adomauskas joins Uncapped from Revolut, where he was Head of Revolut Business, responsible for business strategy, P&L, product and growth. While at Revolut he helped grow the business from a customer base of 150,000+ to 500,000+ business customers, while doubling the size of his team of product owners, designers, engineers, data scientists and marketeers. He also oversaw the launch of SME tailored products including online and in-person acquiring, local USD accounts for EU and UK customers, FX hedging, Expenses, Invoices, Subscriptions and Payroll.
At Uncapped, Adomauskas will be responsible for scaling funding products globally as well as launching a suite of banking products and services tailored to the needs of digital entrepreneurs.
Uncapped was founded in 2019 as an alternative to traditional debt financing and venture capital, providing companies with growth finance for a flat fee that goes down to 6%, and rapidly-released capital. Businesses repay the capital as they grow and generate revenue. There is no set repayment and no compounding interest, equity or personal guarantees and no credit checks or business plans are required.
Vaidas Adomauskas, Chief Product Officer, Uncapped said: “I’m delighted to join Uncapped at such an exciting time in the company’s journey. Uncapped’s mission to help digital entrepreneurs grow their businesses by providing quick access to funding and with insights, products and services that will save them time and money will be game-changing for many.”
Asher Ismail, Co-founder of Uncapped said: “We are hugely excited to have Vaidas onboard. His involvement will be invaluable as we forge ahead and create solutions that will make a positive impact for growing businesses.”
Piotr Pisarz, Co-Founder of Uncapped, said: ”We are delighted that Vaidas is part of the hugely talented team at Uncapped, playing a vital role in our journey to change how funding and banking in a digital economy works.”