Compliance Team
Angels Den

Dear User,

You may have heard about the new General Data Protection Regulation (“GDPR”), that comes into effect May 25, 2018.

We would like to ensure you that your personal data is safe with us. Please read the details regarding the processing of your personal data and if you agree with the processing as described below, please click the ‘I agree’ button.

Please be informed that you can withdraw this consent at any time.

1) What data are we talking about?

We are disclosing details regarding the processing of personal data that is collected within our calls and in connection with your use of Angels Den’s platform, Websites and other functionalities of Angels Den, including those saved in cookies files.

2) Who will be the controller of your data?

Angels Den Funding Limited (hereinafter referred to as AD) will be the controller of your data (Angels Den means all entities from the Angels Den capital group, which includes Angels Den Funding Limited with its registered office in London and all entities related to it and dependent on it) and only our Trusted Partners.

3) Why do we want to process your data?

We process this data for the purposes described in our Privacy Policy, including:
- compliance with any legal requirements and obligations,
- ensuring that content from our Website is presented in the most effective manner for you,
- marketing purposes,
- providing you with our services (including the completion and support of immediate activity required to provide you with information and deliver products and/or services that you request and to deliver any contracts entered into with you), or
- as otherwise explained in this privacy policy or by any communication by us.
Where you have explicitly consented to be contacted for such purposes, we use your personal data to provide information on our new and existing products and services.

4) To whom can we transfer data?

In accordance with applicable law, we may transfer your data to entities processing it at our request, e.g. marketing agencies, subcontractors of our services and entities authorized to obtain data under applicable law, e.g. courts or law enforcement agencies - of course only if they submit a request based on an applicable legal basis. Furthermore, we will transfer your data to Trusted Partners outside the European Union – to the USA – under the EU-U.S. Privacy Shield Framework.

5) What are your rights to your data?

You have the right to request access to, correct, delete your personal data. You can also withdraw consent to processing of personal data, raise objections and use other rights granted under GDPR (i.e. right to data portability).

6) Use of cookies

We use cookies to give you the best experience on our Website. This means that we have placed cookies on your device. If you continue without changing your cookie settings, we assume that you consent to our use of cookies on this device. You can change your cookie settings at any time but if you do, you may lose some functionality on our Website. More information can be found in our Privacy Policy.

In connection with the above, I agree to the processing of my personal data by Angels Den and its Trusted Partners. I confirm that I understand that my personal data is being collected as part of my phone calls, use of AD’s online platform, Websites, and other functionalities of AD, including the data saved in cookie files. I also consent to profiling in order to allow Angels Den and its Trusted Partners the provision of better services (including for analytical purposes). Your data will only be processed on a valid lawful basis in accordance with applicable data protection laws. The processing of your personal data for marketing purposes (including statistical analysis) by AD is based on the firm's legitimate interest. The processing for marketing purposes by our Trusted Partners is only possible if we receive your freely given consent. We will also process your personal data to fulfil our contractual obligations to you as contained in AD’s Terms and Conditions of the use of our Website and services. Therefore, this data will be processed on another lawful basis – ‘contract’. We will also process your data to comply with our legal obligations for our Service (such as anti money laundering and know your customer requirements), which is also a valid lawful basis in accordance with applicable data protection laws.

Expressing this consent is voluntary and you can withdraw at any time.

If you have any doubts or questions about the use of your personal data, please do not hesitate to contact me via email. I’m happy to assist.

Compliance Team
Angels Den
cl@angelsden.com

I Agree

Not Now

RECAP - Investment Opportunity

Recap Technologies is a Fintech company building privacy-focused products and services for the new cryptocurrency economy. It has developed the only non-custodial crypto tax platform on the market, Recap. The two founders have been involved in the cryptocurrency industry since early 2013, when they went through Europe's largest tech accelerator, SeedCamp. They also have a combined 25 years of software engineering experience in various hands-on and leadership roles working for companies such as Centrica, BAE Systems, Compare the Market and Tribal Group

THE IDEA

Products & Services

Recap is a cryptocurrency portfolio tracking, analytics and tax reporting platform. Recap enables investors to discover their tax position in the cryptocurrency market, by connecting to all of their cryptocurrency exchanges and wallets, where the platform then values all the transactions to local currency and calculates a tax position.

Recap also has plans for a mobile application enabling investors to track their portfolio on the move and a B2B offering, enabling crypto native companies to account for their cryptocurrency activity with automatic accounts reconciliation to Xero and Quickbooks.

Problem Solved

Recap enables individuals to calculate any tax they owe on their cryptocurrency trading activity in a matter of seconds. In almost all jurisdictions cryptocurrencies are classed as 'capital assets'. This presents market participants with a lot of friction points; namely having to track all of their transactions, value cryptocurrency transactions in their tax currency and understand capital gains tax legislation to work out what tax they owe.

For a fairly typical user with 2400 transactions it could take 20+ hours (30s per transaction) to attempt this manually in a spreadsheet, which would be highly error prone; even then they would still require support from their accountant.

Revenue Model

Recap charges a SaaS annual subscription from £120 to £400 based on the number of transactions a user has in their cryptocurrency portfolio. Anyone can use Recap for free to track their portfolio, acting as a future sales pipeline into paying customers as the market expands.

During Q3 2021 we also plan to release Recap Business, where we will charge a SaaS monthly subscription between £60-240 pcm for business to have real-time cryptocurrency accounting integrated with their cloud accounting platform.

Future revenue opportunities include charging accountants for access to the platform, building a B2C marketplace and referring clients to accountants.