Recap Raising Venture Capital
Recap Receives £300K Innovate UK Grant
Key Highlights:
- Grant Funding: Recap, a UK-based crypto tax calculation service provider, secured a £300K Innovate UK Grant.
- Platform Development: The funds will be used to develop a privacy-focused collaborative crypto tax and client due diligence platform for accountants and professional services.
- Encryption and Security: Recap's software features end-to-end encryption to ensure the security and privacy of customer transaction data.
Recap's Target Market
- Accounting and Professional Services: Accountants, wealth managers, and professional service providers seeking a comprehensive crypto tax calculation and client due diligence platform.
- Global Market: Recap's software is used by investors, accountants, and wealth managers worldwide, including in the UK, US, and South Africa.
- Crypto Investors and Traders: Individuals and businesses involved in cryptocurrency trading and investment, requiring accurate tax calculations and reporting.
What Recap Needs to Buy
- Software Development and Security Solutions: Collaborating with technology partners to enhance their crypto tax calculation platform and strengthen data security measures.
- Marketing and Sales Support: Engaging with marketing agencies and sales experts to expand their customer base and reach accounting and professional service providers.
- Partnerships with Financial Institutions: Establishing partnerships with banks and financial institutions to integrate Recap's platform into their services and offer comprehensive crypto tax solutions.