Vaidas Adomauskas appointed chief product officer of Uncapped

New Uncapped CPO 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.

Adomauskas joins Uncapped from Revolut, where he was head of Revolut Business, responsible for business strategy, P&L, product and growth.

While at Revolut, Adomauskas helped to grow the business from a customer base of over 150,000 to over 500,000 business customers, while doubling the size of his team of product owners, designers, engineers, data scientists and marketeers.

In addition, he 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.

Prior to Revolut, Adomauskas spent five years as CEO and chairman of the board of WoraPay, having co-founded the company in 2012, and has held product leadership roles at Lavasoft (now Adaware), Adform and Railsbank.

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“I’m delighted to join Uncapped at such an exciting time in the company’s journey,” said Adomauskas.

“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, commented: “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, added: ”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.”

About Uncapped

Founded in 2019, Uncapped looks to offer 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 can repay capital as they grow and generate revenue, with no set repayment, compounding interest, equity or personal guarantees, credit checks or business plans being required.

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Aaron Hurst

Aaron Hurst is Information Age's senior reporter, providing news and features around the hottest trends across the tech industry.