It can be challenging to select the financing model … Capchase Barcelona .
Get up to a year of in advance capital right away, offering you the versatile financing you require to grow your organization and scale. We offer the needed financing you require at that minute. Within 24 hours, we assess the financing needed and deposit it instantly to your account.
Capchase works with these users and company types: Mid Size Service, Small Business, Enterprise, Freelance, Nonprofit, and Government.
what’s better owning 100 of a 10 million
company or 15 of a 100 million dollar
company the answer how about the best of
both
you’re right with conventional funding
that’s not really an alternative until now
keep your 100 with cap chase we utilize data
to make funding faster fairer and more
versatile based upon your future
foreseeable income and after that we cover it
all up with a single transparent charge
Let’s get this celebration started at
There is constantly a moment when a start-up’s founders, senior management team, and leading finance executives evaluate strategies for how to scale the company to the next level and catalog what’s required to do that successfully. Securing funding at an early stage can speed up growth and result in quantifiable and attainable success. Ultimately, finance managers and the strategic planning group need to decide on the right funding source to assist the business reach its objectives.
that management sets for the company. Weighing the threats and competitive threats in a intelligent and balanced method is crucial as it can choose the future of your business The ramifications of selling equity, managing inconsistent cash flow, interest rate movements, and the need to make timely payments to lenders are amongst the factors to consider, just to name a few.
That said, with the rise of brand-new and more sophisticated financing alternatives that put the business interests of start-ups and midsize business initially, there’s usually a method to figure out an option that’s a great fit. It is necessary to investigate the different financing options that are readily available to a company’s founders, management accountants, and finance officers and what considerations they require to produce both the brief and long term.
Lobo here co-founder at traction and boast AI thrilled to host Miguel Fernandez co-founder and CEO of capchase a provider of non-dilutive development capital for repeating Earnings business basically assisting business grow without quiting that precious Equity you took so long to construct Miguel welcome to traction thank you a lot for joining us Hey Lloyd thank you so much for having me it’s great to be here yeah I’m extremely thrilled to share more incredible I’m delighted to enter 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 understood you’re a very first time creator very first time founder it’s like you hit a home run out of the park out of evictions I love it man that’s amazing well as soon as they won you understand like it’s never the Home Run never like never counts until the game is over best basically so so so yeah um we are four co-founders you know and it’s funny because we’ve all satisfied through initially as pals you know and after that as co-founder so uh there’s 3 of us that work together at the very same SAS company in in Spain so we all signed up with when it was really 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 couple of million err over three years and after that we left um at the same time roughly I went to service school and I went to company school on the other one went to do a stint in VC with the goal of going to organization school afterwards so when I go to service school I I entered into Harvard and you understand I was very thrilled about it my entire goal was to go there to read more about how to end up being a creator and after that ideally 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 concept it had absolutely nothing to do or extremely little to do with what we’re doing now but you know that was the beginning of the journey and the novice Journey or the Insight that we had was that hey there are in particular verticals there are a great deal of sequential payments you know and circular payments in between companies and today you simply need to wait on that series to develop 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 wise or companies in verticals such as you know fried or Logistics or construction you understand you have a ton of parties that need to wait for various payments like they’re all associated with one way or another so imagine you have a platform and then you have company a post Business B 100 and Company B House 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 absolutely no they would get they would pay absolutely no or receive absolutely no and after that business C we get a hundred dollars so when we’re speaking to big business they all loved it however it was the typical like cold start problem I’m like hey this is terrific when everybody remains in the platform however till then it’s it’s quite difficult to get individuals to do anything so it was all about hi how do we get more data how can we sort of begin this platform um without using the platform to start with so it was all about getting more information and to get more data we got to two conclusions it’s like we either get information through using an Analytics tool a workflow tool or we offer a financing we have a financing and we get the information or people provide us data in order to get financing so you understand we started doing that like checking out more and more and more and then what we need 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 know like we would look at various modes different verticals and so on for 2 weeks at a time if we discovered enough stuff we would opt for two more weeks if we didn’t would cut it and then in January 2020 we had the the idea you understand which is amusing of using this this SAS business at all so they could extend terms to the clients but always get the cash in advance so we’re fixing the financing payment properties business have which is they have in advance costs to obtain consumers and then they make 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 goal was to provide a tool so they might say to the customer hey look the rate is 100
each year and if you want to pay regular monthly excellent usage capshase you understand um and then Creators love that they resembled hey men this is fantastic this is the Holy Grail of SAS due to the fact that I have to do discounts so my ACV increases and I can close sales faster because I’m offering flexible payment terms so it’s like the Holy Grail you know you increase ACV you decrease cell cycle typically it resembles a compromise you know and then the next thing they said resembled hey why don’t I do this for all my customer base instead of for every new customer that I solve so why don’t I do this for my 300 customers instead of doing it for the net for the 10 new customers 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 depending on Equity as I stated the starting yeah all right this is what we’re going to start with and after that we’re going to discover so much so we’re gon na do the rest later on which’s when the 4th co-founder joined who has a good friend at HBS and then man we began dealing with it like crazy and and dropped out what is your long-lasting Vision so it started with you know you arrived at this hate you if you’re sitting 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 provide them in advance x times times x ARR or times x mrr but what is a long-term vision of of the business 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 resisted the
urge to go and work with financing you know with any vertical we only work with SAS so our goal is to establish numerous items for SAS so we begin with financing and it’s excellent because companies actually count 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 method and through that we’re discovering you know chances to broaden you know in the deal of a SAS product