It can be challenging to choose the financing model … Fast Capital Partners Reviews .
Receive up to a year of in advance capital immediately, offering you the versatile funding you require to grow your company and scale. We supply the essential funding you require at that minute. Within 24 hours, we assess the funding needed and deposit it instantly to your account.
Capchase deals with these users and organization types: Mid Size Business, Small Business, Business, Freelance, Nonprofit, and Government.
what’s much better owning 100 of a 10 million
business or 15 of a 100 million dollar
company the answer how about the very best of
you’re right with standard funding
that’s not actually an alternative until now
keep your 100 with cap chase we use data
to make funding quicker fairer and more
flexible based on your future
predictable earnings and after that we wrap it
all up with a single transparent cost
Let’s get this celebration began at
There is always a point in time when a start-up’s creators, senior management team, and top financing executives examine methods for how to scale the business to the next level and catalog what’s required to do that successfully. Securing funding at an early stage can speed up development and cause obtainable and measurable success. Eventually, financing managers and the tactical preparation team need to choose the right financing source to assist the business reach its objectives.
that management sets for the company. Weighing the threats and competitive risks in a well balanced and smart way is important as it can choose the future of your business The ramifications of offering equity, managing irregular cash flow, rate of interest motions, and the requirement to make prompt payments to lenders are amongst the aspects to consider, simply to name a few.
That said, with the increase of new and more sophisticated financing choices that put the business interests of start-ups and midsize companies first, there’s generally a way to figure out an option that’s a great fit. It’s important to examine the various financing options that are readily available to a business’s founders, management accounting professionals, and finance officers and what considerations they need to make for both the brief and long term.
Lobo here co-founder at traction and boast AI delighted to host Miguel Fernandez co-founder and CEO of capchase a supplier of non-dilutive growth capital for recurring Profits business basically assisting business grow without giving up that precious Equity you took so long to build Miguel welcome to traction thank you a lot for joining us Hey Lloyd thank you a lot for having me it’s terrific to be here yeah I’m really thrilled to share more awesome I’m excited to enter your backstory so let’s kick this off how did you come together with your Creators why cap Chase what else did you think about from what I understood you’re a very first time creator very first time creator it resembles you struck a home run out of the park out of the gates I enjoy it man that’s amazing well as quickly as they won you understand like it’s never the Crowning achievement never ever like never counts up until the video game is over ideal basically so so so yeah um we are four co-founders you understand and it’s funny because we have actually all fulfilled through initially as good friends you understand and after that as co-founder so uh there’s three of us that collaborate at the exact same SAS company in in Spain so we all signed up with when it was really early I joined as the first person in sales and there are 2 individuals joined us that as product supervisors basically and we see the company from no to a couple of million err over three years and then we left um at the same time roughly I went to service school and I went to company school on the other one went to do a stint in VC with the goal of going to company school afterwards so when I go to organization school I I entered into Harvard and you understand I was really excited about it my whole objective was to go there to find out more about how to become a founder and after that ideally introduce something upon graduation and the one that I landed there I was researching already a concept with among these co-founders and it was authentic concept it had absolutely nothing to do or really little to do with what we’re doing now but you understand that was the beginning of the beginner and the journey Journey or the Insight that we had was that hey there are in certain verticals there are a lot of sequential payments you understand and circular payments between companies and today you just need to wait for that sequence to develop or you understand like there’s no one streamlining those circular payments so we considered hey why do not we do something similar to like a split smart or companies in verticals such as you understand fried or Logistics or building you understand you have a lots of celebrations that have to wait for different payments like they’re all involved in one way or another so imagine you have a platform and then you have company a post Company B 100 and Company B Home Company c a hundred dollars in reality with this platform what would happen is a business.
a would pay a hundred the platform Business B zero they would get they would pay no or get absolutely no and then company C we get a hundred dollars so when we’re talking to big business they all loved it however it was the normal like cold start issue I resemble hey this is excellent when everyone’s in the platform however until then it’s it’s quite hard to get individuals to do anything so it was all about hey how do we get more data how can we sort of kick start this platform um without utilizing the platform to start with so it was everything about getting more information and to get more information we got to two conclusions it’s like we either get data through providing an Analytics tool a workflow tool or we provide a funding we have a funding and we get the individuals or data offer us information in order to get funding so you understand we started doing that like checking out a growing number of and more and after that what we require what we saw is that we understood more about sales than anything else we were truly thinking about fintech and specifically in funding and you know like we would look at different modes various verticals and so on for two weeks at a time if we discovered enough things we would opt for 2 more weeks if we didn’t would cut it and after that in January 2020 we had the the idea you know which is funny of using this this SAS business at all so they might extend terms to the consumers but always get the money in advance so we’re solving the financing payment assets business have which is they have in advance expenses to acquire consumers and after that they make money months of the month right so to prevent that cash card that every SAS company deals with and that we faced in the past in the previous experience the goal was to give them a tool so they might say to the customer hey look the price is 100
annually and if you want to pay month-to-month great use capshase you know um and after that Founders love that they resembled hey people this is fantastic this is the Holy Grail of SAS because I need to do discount rates so my ACV increases and I can close sales quicker because I’m providing flexible payment terms so it resembles the Holy Grail you understand you increase ACV you reduce cell cycle normally it resembles a trade-off you understand and after that the next thing they said resembled hi why do not I do this for all my consumer base instead of for every single new customer that I get right so why do not I do this for my 300 consumers instead of doing it for the net for the 10 new customers I get months of a month so then we saw what they wanted was to transform their ARR or the consumer base into upfront funding to be less based on Equity as I stated the beginning yeah fine this is what we’re going to start with and after that we’re going to learn a lot so we’re gon na do the rest later on and that’s when the 4th co-founder joined who has a good friend at HBS and then male we began working on it like crazy and and dropped out what is your long-lasting Vision so it started with you understand you arrived on this hate you if you’re sitting on ARR we understand the business’s uh churn we know the business’s retention gross margins And so on so I can take their ARR and provide them in advance x times times x ARR or times x mrr but what is a long-term vision of of the business so for us it’s it’s it’s or it’s all around SAS companies right like we only way with such business intentionally right so we resisted the
urge to go and work with financing you understand with any vertical we just work with SAS so our objective is to develop several products for SAS so we begin with financing and it’s great due to the fact that companies truly count on us we really like a partner and we we help them to not just get financing however work much better in a more effective way and through that we’re discovering you understand chances to expand you know in the deal of a SAS item