It can be challenging to pick the financing model … Wti Lender .
Get up to a year of upfront capital immediately, giving you the versatile financing you require to grow your organization and scale. We offer the essential funding you need at that moment. Within 24 hours, we assess the funding needed and deposit it quickly to your account.
Capchase works with these users and organization types: Mid Size Business, Small Company, Enterprise, Freelance, Nonprofit, and 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 best of
both
you’re right with traditional funding
that’s not really a choice previously
keep your 100 with cap chase we utilize data
to make financing faster fairer and more
flexible based on your future
foreseeable earnings and after that we wrap it
all up with a single transparent fee
Let’s get this party began at
There is always a moment when a start-up’s founders, senior management group, and top financing executives evaluate strategies for how to scale the company to the next level and brochure what’s needed to do that successfully. Protecting financing at an early stage can accelerate growth and lead to quantifiable and obtainable success. Eventually, finance supervisors and the tactical planning team have to decide on the right funding source to help the company reach its goals.
that management sets for the company. Weighing the risks and competitive dangers in a smart and balanced way is vital as it can choose the future of your company The implications of offering equity, handling irregular capital, rate of interest motions, and the requirement to make timely payments to loan providers are amongst the aspects to think about, simply to name a few.
That said, with the rise of brand-new and more advanced financing alternatives that put the business interests of start-ups and midsize companies first, there’s usually a method to figure out a solution that’s a great fit. It is necessary to examine the different funding options that are readily available to a company’s founders, management accountants, and financing officers and what considerations they require to make for both the short and long term.
Lobo here co-founder at traction and boast AI delighted to host Miguel Fernandez co-founder and CEO of capchase a provider of non-dilutive development capital for recurring Revenue companies essentially assisting business grow without quiting that valuable Equity you took so long to develop Miguel welcome to traction thank you a lot for joining us Hey Lloyd thank you a lot for having me it’s excellent to be here yeah I’m very delighted to share more awesome I’m excited to enter 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 first time creator first time creator it’s like you struck a crowning achievement out of the park out of evictions I enjoy it man that’s remarkable well as quickly as they won you understand like it’s never 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 since we have actually all satisfied through first as pals you know and after that as co-founder so uh there’s 3 people that work together at the exact same SAS business in in Spain so all of us signed up with when it was really early I signed up with as the first individual in sales and there are 2 individuals joined us that as product managers basically and we see the company from zero to a couple of million err over three years and after that we left um at the same time roughly I went to company school and I went to organization school on the other one went to do a stint in VC with the objective of going to service school later on so when I go to company school I I entered into Harvard and you understand I was very delighted about it my whole goal was to go there to find out more about how to end up being a creator and after that hopefully release something upon graduation and the one that I landed there I was researching currently an idea with one of these co-founders and it was genuine idea it had absolutely nothing to do or extremely little to do with what we’re doing now but you understand that was the beginning of the journey and the novice 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 await that series to develop or you know like there’s no one simplifying those circular payments so we thought of hi why do not we do something comparable to like a split wise or companies in verticals such as you know fried or Logistics or building you understand you have a ton of celebrations that have to wait for various payments like they’re all associated with one way or another so picture you have a platform and after that you have company a post Business B 100 and Business B Home Company c a hundred dollars in reality with this platform what would occur is a business.
a would pay a hundred the platform Business B zero they would get they would pay absolutely no or get zero and then business C we get a hundred dollars so when we’re speaking to big companies they all enjoyed it but it was the normal like cold start issue I resemble hey this is excellent when everyone’s in the platform however till 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 type 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 data we got to two conclusions it resembles we either get information through using an Analytics tool a workflow tool or we provide a financing we have a funding and we get the individuals or data offer us data in order to get funding so you understand we began doing that like exploring increasingly more and more and then what we need what we saw is that we knew more about sales than anything else we were actually interested in fintech and specifically in funding and you know like we would look at various modes different verticals and so on for two weeks at a time if we discovered enough things we would go for two more weeks if we didn’t would suffice and then in January 2020 we had the the concept you know which is funny of providing this this SAS business at all so they might extend terms to the consumers however constantly get the cash in advance so we’re solving the funding payment possessions business have which is they have in advance costs to obtain consumers and then they earn money months of the month right so to avoid that cash card that every SAS business faces which we dealt with in the past in the previous experience the objective was to give them a tool so they could say to the consumer hi look the cost is 100
per year and if you want to pay regular monthly fantastic usage capshase you understand um and then Creators enjoy that they were like hello guys this is incredible this is the Holy Grail of SAS because I need to do discount rates so my ACV increases and I can close sales faster because I’m using versatile payment terms so it’s like the Holy Grail you understand you increase ACV you decrease cell cycle normally it resembles a trade-off you know and after that the next thing they said resembled hi why do not I do this for all my client base instead of for each new consumer that I solve so why do not I do this for my 300 customers instead of doing it for the web for the 10 new clients I get months of a month so then we saw what they desired was to transform their ARR or the customer base into upfront funding to be less based on Equity as I stated the starting yeah alright this is what we’re going to begin with and then we’re going to discover a lot so we’re gon na do the rest later on which’s when the 4th 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 started with you know you arrived at this hate you if you’re resting on ARR we know the company’s uh churn we understand the business’s retention gross margins And so on so I can take their ARR and lend 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 business right like we only way with such companies deliberately right so we withstood the
desire to work and go with funding you understand with any vertical we only deal with SAS so our goal is to establish multiple products for SAS so we begin with funding and it’s excellent since companies actually depend on us we truly like a partner and we we help them to not simply get financing but work better in a more effective way and through that we’re discovering you understand chances to expand you know in the transaction of a SAS item