Startups > Capchase

Capchase

Capchase provides revenue-based financing for SaaS companies to fuel growth without dilution.

Series B $1B+ total Founded 2020 New York, New York 153 employees

Capchase is a revenue-based financing platform that provides non-dilutive growth capital to B2B SaaS companies with $1M+ ARR. Through its Capchase Grow product, companies can access up to 70% of their annual recurring revenue as upfront capital, while Capchase Pay enables B2B buy-now-pay-later functionality for their customers. The platform has deployed over $2 billion to nearly 3,000 customers since 2020, offering 24-48 hour funding decisions without restrictive covenants or equity dilution.

Problem solved

SaaS companies need growth capital but equity dilution and debt financing with fixed repayments strain runway and limit scaling flexibility.

Target customer

B2B SaaS companies with $100K+ ARR seeking non-dilutive capital, and SaaS vendors wanting to offer flexible payment options to enterprise buyers.

Website LinkedIn Crunchbase Twitter / X

Founders

Miguel Fernandez Larrea

CEO & Co-Founder

MBA from Harvard Business School, prior Country Manager at Geoblink and strategy consultant at Monitor Deloitte, with degrees in Energy/Process Engineering and Industrial Engineering.

Przemek Gotfryd

Co-Founder & COO

Ignacio Moreno Pubul

Co-Founder

Luis Basagoiti Marques

Co-Founder

Funding history

Seed Unknown August 31, 2020 Led by Unknown · Unknown

Series A Unknown Unknown Led by Unknown · Unknown

Series B $280M July 20, 2021 Led by 01 Advisors · QED Investors, Caffeinated Capital, Bling Capital, ScifiVC, Thomvest Ventures, Tusk Venture Partners, Invesco, Gaingels

Series B (Additional) $80M Unknown Led by 01 Advisors · QED, Caffeinated Capital, Bling Capital, ScifiVC, Thomvest Ventures, Tusk Venture Partners, Invesco, Gaingels

Line of Credit - II $114M May 21, 2024 Led by Unknown · Unknown

Credit Facility €105M May 2024 Led by Deutsche Bank · Unknown

Total raised: $1B+

Industries

Financial Services FinTech Payments SaaS

Pricing

Revenue-based financing charges 5-12% of monthly revenue until repayment completes based on 5-10% discount of ARR. Capchase Pay charges a flat financing fee per deal, payable by vendor, buyer, or split. Minimum $100K ARR for Capchase Grow.

Notable customers

Republic, BEMO, Creyos, Case Status, Genusys, TrayAway, Veza Digital, IOTAP, Owlin, Audiense

Tech stack

Polyfill (JavaScript libraries) jQuery (JavaScript libraries) Segment (Customer data platform) Albacross (Analytics) Hotjar (Analytics) Nginx (Reverse proxies) OpenResty (Web servers) Varnish (Caching) Google Workspace (Email) jsDelivr (CDN) Webflow (Page builders) Zoho (CRM)

Website

capchase.com/

Competitors

Pipe

Pipe operates as a capital trading platform connecting businesses with institutional buyers for future revenue conversion, offering broader marketplace functionality.

Lighter Capital

Focuses on revenue-based financing with similar terms but without the integrated B2B payment layer that Capchase Pay provides.

Clearco

Also offers non-dilutive capital but emphasizes performance-based repayment models with different risk assessment methodologies.

Founderpath

Provides revenue-based financing with a focus on founder-friendly terms but operates at smaller scale than Capchase.

Why this matters: Capchase has rapidly become a category leader in revenue-based financing with $1B+ in deployed capital and 3,000+ customers, validating strong product-market fit for non-dilutive SaaS financing. Its dual-product strategy (both capital source and payment solution for enterprises) uniquely positions it to capture value across the SaaS revenue chain.

Best for: B2B SaaS companies with $1M+ ARR that need flexible working capital without equity dilution and want to offer payment flexibility to enterprise customers.

Use cases

Extended runway without dilution

A Series B SaaS company needing 12-18 months of runway to reach profitability can access capital equivalent to 70% of ARR without giving up equity or taking on restrictive debt covenants. Capchase's revenue-based model means repayment scales with actual business growth.

Closing enterprise deals faster

Sales teams at SaaS vendors use Capchase Pay to let enterprise buyers spread payments across quarters or months, removing procurement delays. A $300K annual deal can be closed immediately while the buyer pays flexibly, improving cash flow and sales velocity.

Bridging multi-year contract timing

Companies with upfront annual or multi-year contracts can use Capchase Grow to bring that booked revenue forward as immediate capital, enabling faster hiring, product development, or expansion without waiting for quarterly collections.

Alternatives

Pipe Choose Pipe if you want a marketplace-style capital platform where you can trade future revenue to multiple institutional buyers for potentially better rates.

Traditional venture debt Choose venture debt if you have 18+ months of runway and can tolerate fixed monthly repayments; it's cheaper but less flexible than RBF.

Bank lines of credit Choose traditional lending if you have strong balance sheets and established banking relationships; rates may be lower but approval takes longer and requires stricter financial covenants.

FAQ

What does Capchase do? +

Capchase provides two core products: Capchase Grow offers revenue-based financing up to 70% of ARR for SaaS companies, allowing them to access capital without dilution or fixed debt repayments. Capchase Pay is a B2B buy-now-pay-later solution that lets SaaS vendors offer flexible payment terms to enterprise buyers, improving deal closure rates and customer cash flow.

How much does Capchase cost? +

Revenue-based financing typically charges 5-12% of monthly revenue until repayment completes, based on your ARR minus a 5-10% discount. Capchase Pay charges a flat financing fee per transaction, which can be paid by the vendor, buyer, or split between both. Minimum requirement is $100K+ ARR.

What are alternatives to Capchase? +

Pipe offers a marketplace model for trading future revenue to institutional investors. Lighter Capital and Clearco provide similar revenue-based financing with different risk models. Traditional venture debt or bank lines of credit are alternatives if you prefer fixed-term debt with potentially lower rates.

Who uses Capchase? +

B2B SaaS companies with $1M+ ARR seeking non-dilutive growth capital are the primary customers. Notable publicly mentioned customers include Republic, BEMO, Creyos, Case Status, Genusys, and others. Capchase has served nearly 3,000 customers and deployed over $2B since 2020.

How does Capchase compare to Pipe? +

Capchase is a direct revenue-based financing provider offering 24-48 hour funding decisions with scalable credit that grows with revenue. Pipe operates as a capital trading platform connecting businesses with institutional buyers, offering marketplace dynamics but potentially higher friction. Capchase is better for speed and simplicity; Pipe may offer better rates if you shop multiple buyers.