It can be challenging to select the funding model … Venture Scout Clearco .
Receive up to a year of upfront capital immediately, providing you the versatile financing you need to grow your service and scale. We offer the necessary funding you need at that minute. Within 24 hours, we evaluate the financing needed and deposit it quickly to your account.
Capchase deals with these users and organization types: Mid Size Organization, Small Company, Business, Freelance, Nonprofit, and Government.
what’s much better owning 100 of a 10 million
company or 15 of a 100 million dollar
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you’re right with traditional financing
that’s not actually an option previously
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There is constantly a moment when a start-up’s creators, senior management team, and leading financing executives examine strategies for how to scale the company to the next level and catalog what’s required to do that successfully. Protecting financing at an early stage can speed up development and cause achievable and quantifiable success. Eventually, finance managers and the strategic planning group have to select the right financing source to help the company reach its objectives.
that management sets for the organization. Weighing the dangers and competitive risks in a smart and well balanced way is important as it can choose the future of your business The ramifications of selling equity, handling inconsistent capital, rates of interest movements, and the requirement to make prompt payments to loan providers are amongst the factors to consider, just among others.
That said, with the rise of new and more sophisticated financing alternatives that put the business interests of start-ups and midsize companies initially, there’s usually a way to figure out a service that’s a good fit. It’s important to investigate the different financing choices that are available to a business’s founders, management accounting professionals, and finance officers and what factors to consider they need to produce both the long and short term.
Lobo here co-founder at traction and boast AI excited to host Miguel Fernandez co-founder and CEO of capchase a provider of non-dilutive development capital for repeating Profits business basically helping companies grow without giving up that valuable Equity you took so long to develop Miguel welcome to traction thank you so much for joining us Hey Lloyd thank you a lot for having me it’s great to be here yeah I’m very thrilled to share more incredible I’m delighted to enter into your backstory so let’s kick this off how did you come together with your Creators why cap Chase what else did you consider from what I comprehended you’re a first time founder first time founder it’s like you hit a crowning achievement out of the park out of the gates I like it man that’s amazing well as quickly as they won you know like it’s never ever the Home Run never ever like never counts till the game is over best basically so so so yeah um we are four co-founders you understand and it’s funny due to the fact that we’ve all fulfilled through first as buddies you know and then as co-founder so uh there’s 3 of us that collaborate at the exact same SAS company in in Spain so we all joined when it was extremely early I signed up with as the first person in sales and there are two people joined us that as product managers basically and we see the business from zero to a few million err over three years and then we left um at the same time approximately I went to organization school and I went to business school on the other one went to do a stint in VC with the goal of going to company school later on so when I go to organization school I I entered into Harvard and you know I was really delighted about it my whole objective was to go there to read more about how to become a creator and then hopefully introduce something upon graduation and the one that I landed there I was looking into already a concept with one of these co-founders and it was genuine idea it had absolutely nothing to do or really little to do with what we’re doing now however you understand that was the start of the journey and the novice Journey or the Insight that we had was that hey there are in certain verticals there are a great deal of consecutive payments you understand and circular payments between companies and right now you simply need to await that series to establish or you know like there’s no one simplifying those circular payments so we considered hi why don’t we do something comparable to like a split wise or business in verticals such as you understand fried or Logistics or building you understand you have a lots of parties that need to wait on 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 Company c a hundred dollars in reality with this platform what would happen is a company.
a would pay a hundred the platform Company B zero they would get they would pay zero or receive no and then business C we get a hundred dollars so when we’re talking to large companies they all loved it but it was the common like cold start problem I’m like hey this is fantastic when everyone’s in the platform but till then it’s it’s quite difficult to get individuals to do anything so it was everything about hi how do we get more data how can we sort of kick start this platform um without using the platform to start with so it was everything about getting more data and to get more information we got to 2 conclusions it resembles we either get data through offering an Analytics tool a workflow tool or we provide a financing we have a financing and we get the data or people offer us information in order to get funding so you know we began doing that like exploring more and more and more and after that what we need what we saw is that we understood more about sales than anything else we were actually interested in fintech and specifically in funding and you understand like we would look at different modes various verticals and so on for two weeks at a time if we found enough stuff we would choose 2 more weeks if we didn’t would suffice and then in January 2020 we had the the idea you know which is funny of providing this this SAS companies at all so they might extend terms to the consumers but always get the money in advance so we’re resolving the funding payment assets companies have which is they have in advance expenses to obtain clients and after that they make money months of the month right so to avoid that cash card that every SAS company deals with and that we dealt with in the past in the previous experience the objective was to provide a tool so they might say to the consumer hey look the cost is 100
each year and if you want to pay regular monthly fantastic use capshase you understand um and then Founders enjoy that they were like hi guys this is remarkable this is the Holy Grail of SAS due to the fact that I need to do discounts so my ACV increases and I can close sales quicker due to the fact that I’m using flexible payment terms so it’s like the Holy Grail you understand you increase ACV you reduce cell cycle typically it’s like a compromise you know and after that the next thing they said resembled hi why do not I do this for all my customer base instead of for every single brand-new customer that I solve so why do not I do this for my 300 customers instead of doing it for the internet for the 10 new consumers I get months of a month so then we saw what they wanted was to transform their ARR or the client base into in advance funding to be less depending on Equity as I stated the beginning yeah fine this is what we’re going to begin with and after that we’re going to find out a lot so we’re gon na do the rest later on and that’s when the 4th co-founder joined who has a pal at HBS and then guy we began working on it like crazy and and left what is your long-lasting Vision so it started with you know you landed on this hate you if you’re sitting on ARR we understand the company’s uh churn we understand the company’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 however what is a long-lasting 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 withstood the
urge to go and work with financing you understand with any vertical we only deal with SAS so our goal is to develop multiple products for SAS so we begin with funding and it’s excellent since companies truly depend on us we truly like a partner and we we help them to not just get funding but work better in a more efficient way and through that we’re discovering you understand opportunities to expand you know in the deal of a SAS product