It can be challenging to choose the funding model … Saas Business Finance Budget Solution .
Get up to a year of in advance capital right away, offering you the versatile financing you require to grow your service and scale. We provide the essential funding you need at that moment. Within 24 hours, we examine the funding needed and deposit it instantly to your account.
Capchase works with these users and company types: Mid Size Company, Small Business, Business, Freelance, Nonprofit, and Federal government.
what’s much better owning 100 of a 10 million
business or 15 of a 100 million dollar
business the answer how about the very best of
both
you’re right with traditional financing
that’s not actually an alternative until now
keep your 100 with cap chase we utilize information
to make financing faster fairer and more
versatile based on your future
foreseeable earnings and then we cover it
all up with a single transparent charge
so let’s get this celebration started at
There is always a moment when a start-up’s creators, senior management team, and leading finance executives assess methods for how to scale the company to the next level and brochure what’s needed to do that successfully. Protecting funding at an early stage can speed up development and result in attainable and measurable success. Ultimately, finance supervisors and the tactical preparation group need to decide on the right financing source to help the company reach its objectives.
that management sets for the company. Weighing the dangers and competitive threats in a well balanced and intelligent way is important as it can decide the future of your business The implications of selling equity, managing inconsistent capital, interest rate motions, and the need to make prompt payments to lenders are amongst the elements to consider, simply to name a few.
That said, with the rise of new and more sophisticated funding alternatives that put business interests of start-ups and midsize companies first, there’s typically a method to determine a solution that’s a good fit. It’s important to examine the various financing alternatives that are offered to a business’s founders, management accountants, and finance officers and what considerations they require to produce both the long and brief term.
Lobo here co-founder at traction and boast AI delighted to host Miguel Fernandez co-founder and CEO of capchase a company of non-dilutive growth capital for recurring Income business generally assisting companies grow without giving up that valuable Equity you took so long to build Miguel welcome to traction thank you so much for joining us Hey Lloyd thank you so much for having me it’s great to be here yeah I’m extremely delighted to share more incredible I’m thrilled to enter into your backstory so let’s kick this off how did you come together with your Founders why cap Chase what else did you consider from what I understood you’re a first time creator first time founder it resembles you hit a crowning achievement out of the park out of evictions I enjoy it man that’s incredible well as soon as they won you understand like it’s never ever the Crowning achievement never like never counts until the game is over right basically so so so yeah um we are 4 co-founders you know and it’s funny since we’ve all fulfilled through initially as friends you understand and then as co-founder so uh there’s three of us that work together at the very same SAS company in in Spain so all of us joined when it was really early I joined as the very first person in sales and there are 2 people joined us that as item supervisors essentially and we see the company from zero to a couple of million err over 3 years and after that we left um at the same time approximately I went to business school and I went to organization school on the other one went to do a stint in VC with the objective of going to business school later on so when I go to business school I I entered into Harvard and you understand I was very delighted about it my entire goal was to go there for more information about how to end up being a creator and after that hopefully introduce something upon graduation and the one that I landed there I was looking into already an idea with one of these co-founders and it was genuine concept it had nothing to do or really little to do with what we’re doing now but you understand that was the start of the journey and the newbie Journey or the Insight that we had was that hey there remain in specific verticals there are a great deal of consecutive payments you understand and circular payments between business and right now you just need to wait for that sequence to establish or you know like there’s no one streamlining those circular payments so we thought of hello why do not we do something similar to like a split sensible or companies in verticals such as you know fried or Logistics or building you know you have a ton of parties that have to wait for different payments like they’re all involved in one way or another so envision you have a platform and then you have company a post Company B 100 and Company B Home Business c a hundred dollars in reality with this platform what would happen is a business.
a would pay a hundred the platform Business B no they would get they would pay absolutely no or get absolutely no and then company C we get a hundred dollars so when we’re talking with big business they all liked it however it was the normal like cold start issue I resemble hey this is fantastic when everyone’s in the platform however up until then it’s it’s pretty hard to get individuals to do anything so it was all about hey how do we get more information how can we sort of begin this platform um without utilizing the platform to start with so it was everything about getting more information and to get more data we got to 2 conclusions it resembles we either get data through using an Analytics tool a workflow tool or we offer a financing we have a financing and we get the data or people provide us data in order to get financing so you know we began doing that like exploring more and more and more and then what we need what we saw is that we understood more about sales than anything else we were really interested in fintech and specifically in financing and you understand like we would take a look at various modes different verticals and so on for 2 weeks at a time if we discovered enough stuff we would choose 2 more weeks if we didn’t would suffice and after that in January 2020 we had the the concept you know which is amusing of offering this this SAS companies at all so they could extend terms to the consumers but always get the cash in advance so we’re resolving the funding payment properties business have which is they have upfront costs to acquire consumers and then they make money months of the month right so to prevent that cash card that every SAS company faces and that we faced in the past in the previous experience the objective was to provide a tool so they could say to the customer hello look the rate is 100
annually and if you wish to pay month-to-month great usage capshase you know um and after that Creators like that they resembled hey men this is amazing this is the Holy Grail of SAS because I have to do discount rates so my ACV increases and I can close sales quicker since I’m using versatile payment terms so it resembles the Holy Grail you know you increase ACV you reduce cell cycle generally it’s like a compromise you understand and then the next thing they stated was like hi why do not I do this for all my client base instead of for each brand-new client that I get right so why don’t I do this for my 300 customers instead of doing it for the net for the 10 new consumers I get months of a month so then we saw what they desired was to convert their ARR or the client base into in advance financing to be less based on Equity as I stated the beginning yeah all right this is what we’re going to begin with and after that we’re going to discover a lot so we’re gon na do the rest afterwards which’s when the fourth co-founder joined who has a pal at HBS and then man we started dealing with it like crazy and and dropped out what is your long-term Vision so it began with you understand you arrived on this hate you if you’re resting on ARR we understand the company’s uh churn we know the business’s retention gross margins Etc 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 company so for us it’s it’s it’s or it’s all around SAS companies right like we just method with such companies intentionally right so we resisted the
desire to work and go with funding you understand with any vertical we only deal with SAS so our goal is to develop numerous items for SAS so we start with funding and it’s fantastic due to the fact that business truly rely on us we truly like a partner and we we help them to not simply get financing but work much better in a more effective way and through that we’re finding you know chances to broaden you understand in the deal of a SAS item