It can be challenging to choose the funding model … Saas Software Financing .
Get up to a year of upfront capital right away, providing you the versatile funding you need to grow your business and scale. We offer the needed funding you need at that minute. Within 24 hours, we examine the funding needed and deposit it immediately to your account.
Capchase works with these users and company types: Mid Size Business, Small Company, Business, Freelance, Nonprofit, and Federal government.
what’s much better owning 100 of a 10 million
company or 15 of a 100 million dollar
business the answer how about the best of
both
you’re right with standard funding
that’s not actually an option previously
keep your 100 with cap chase we use information
to make financing faster fairer and more
flexible based on your future
predictable profits and after that we wrap it
all up with a single transparent cost
so let’s get this party started at
There is always a point in time when a start-up’s founders, senior management team, and leading finance executives examine strategies for how to scale the company to the next level and catalog what’s required to do that effectively. Securing funding at an early stage can accelerate development and lead to quantifiable and obtainable success. Eventually, finance managers and the strategic planning team need to decide on the right funding source to assist the company reach its objectives.
that management sets for the company. Weighing the risks and competitive hazards in a well balanced and smart method is vital as it can choose the future of your business The implications of selling equity, handling irregular capital, rate of interest motions, and the need to make prompt payments to lenders are amongst the factors to consider, just to name a few.
That stated, with the increase of new and more advanced funding options that put business interests of start-ups and midsize business first, there’s usually a way to figure out a solution that’s an excellent fit. It’s important to investigate the different financing options that are readily available to a business’s creators, management accounting professionals, and finance officers and what factors to consider they need 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 supplier of non-dilutive development capital for recurring Revenue business basically assisting business grow without giving up that valuable Equity you took so long to construct 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 really thrilled 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 think about from what I understood you’re a very first time creator first time creator it’s like you hit a crowning achievement out of the park out of the gates I like it man that’s remarkable well as soon as they won you understand like it’s never ever the Home Run never ever like never counts until the video game is over best basically so so so yeah um we are four co-founders you understand and it’s amusing due to the fact that we’ve all met through first as good friends you understand and after that as co-founder so uh there’s three of us that interact at the very same SAS business in in Spain so all of us joined when it was very early I signed up with as the very first person in sales and there are two individuals joined us that as product supervisors essentially and we see the business from absolutely no to a couple of million err over 3 years and after that we left um at the same time roughly I went to company school and I went to company school on the other one went to do a stint in VC with the goal of going to service school afterwards so when I go to organization school I I entered into into Harvard and you understand I was very thrilled about it my entire objective was to go there to get more information about how to end up being a creator and then hopefully launch something upon graduation and the one that I landed there I was investigating already a concept with one of these co-founders and it was authentic idea it had absolutely nothing to do or really little to do with what we’re doing now but you know that was the beginning of the novice and the journey Journey or the Insight that we had was that hey there are in specific verticals there are a lot of sequential payments you know and circular payments in between business and today you just have to wait for that series to establish or you know like there’s nobody simplifying those circular payments so we thought about hello why don’t we do something comparable to like a split smart or companies in verticals such as you know fried or Logistics or building and construction you understand you have a lots of celebrations that have to wait on 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 Business B 100 and Business B House Company c a hundred dollars in reality with this platform what would take place is a company.
a would pay a hundred the platform Company B no they would get they would pay zero or receive zero and after that business C we get a hundred dollars so when we’re talking to big business they all loved it however it was the common like cold start problem I’m like hey this is fantastic when everybody’s in the platform however until then it’s it’s pretty tough to get people to do anything so it was all about hey how do we get more data 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 information we got to two conclusions it’s like we either get information through using an Analytics tool a workflow tool or we provide a funding we have a financing and we get the people or information give us information in order to get funding so you understand we started doing that like exploring a growing number of and more and after that what we require what we saw is that we knew more about sales than anything else we were really thinking about fintech and particularly 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 found enough things we would choose two more weeks if we didn’t would cut it and after that in January 2020 we had the the concept you know which is funny of offering this this SAS business at all so they might extend terms to the clients but always get the money up front so we’re fixing the financing payment properties companies have which is they have upfront expenses to acquire customers and then they get paid months of the month right so to avoid that money card that every SAS company faces which we faced in the past in the previous experience the objective was to provide a tool so they could state to the client hi look the rate is 100
annually and if you want to pay monthly fantastic use capshase you understand um and after that Founders enjoy that they resembled hi people this is amazing this is the Holy Grail of SAS because I need to do discount rates so my ACV increases and I can close sales faster since I’m using versatile payment terms so it’s like the Holy Grail you understand you increase ACV you reduce cell cycle normally it resembles a trade-off you know and after that the next thing they said resembled hello why do not I do this for all my client base instead of for every brand-new consumer that I get right so why do not 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 consumer base into in advance funding to be less dependent 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 find out so much so we’re gon na do the rest later on and that’s when the fourth co-founder joined who has a buddy at HBS and then man we started working on it like crazy and and dropped out what is your long-lasting Vision so it started with you understand you arrived at this hate you if you’re sitting on ARR we know the business’s uh churn we know the company’s retention gross margins And so on so I can take their ARR and provide them up front x times times x ARR or times x mrr however what is a long-lasting vision of of the company so for us it’s it’s it’s or it’s all around SAS companies right like we only method with such companies intentionally right so we withstood the
urge to work and go with financing you understand with any vertical we just deal with SAS so our objective is to develop multiple products for SAS so we begin with funding and it’s great because companies actually rely on us we truly 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 finding you understand chances to expand you understand in the transaction of a SAS product