It can be challenging to choose the financing model … Capchase Buy Now Pay Later .
Get up to a year of in advance capital right away, providing you the versatile funding you require to grow your company and scale. We offer the essential financing you need at that minute. Within 24 hours, we evaluate the financing required and deposit it quickly to your account.
Capchase works with these users and company types: Mid Size Business, Small Company, Enterprise, Freelance, Nonprofit, and 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
you’re right with conventional funding
that’s not really an option until now
keep your 100 with cap chase we utilize data
to make financing much faster fairer and more
versatile based upon your future
predictable revenue and after that we cover it
all up with a single transparent fee
Let’s get this celebration started at
There is always a time when a start-up’s founders, senior management team, and top financing executives examine methods for how to scale the business to the next level and brochure what’s needed to do that effectively. Protecting funding at an early stage can accelerate growth and cause achievable and measurable success. Eventually, finance managers and the tactical preparation group need to decide on the right funding source to help the business reach its objectives.
that management sets for the organization. Weighing the threats and competitive dangers in a smart and well balanced way is crucial as it can decide the future of your company The ramifications of selling equity, handling inconsistent capital, interest rate motions, and the requirement to make prompt payments to lending institutions are amongst the factors to consider, just among others.
That said, with the rise of new and more sophisticated funding options that put business interests of start-ups and midsize business first, there’s typically a way to find out a solution that’s a great fit. It is very important to examine the various funding options that are offered to a business’s founders, management accountants, and finance officers and what considerations they need 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 service provider of non-dilutive development capital for recurring Income business basically helping business grow without quiting that valuable 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 terrific to be here yeah I’m really excited to share more remarkable 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 very first time founder it’s like you struck a home run 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 the Home Run never ever like never counts till the video game is over ideal basically so so so yeah um we are 4 co-founders you know and it’s amusing because we have actually all fulfilled through initially as friends you understand and then as co-founder so uh there’s three people that work together at the exact same SAS business in in Spain so all of us signed up with when it was extremely early I joined as the first individual in sales and there are 2 people joined us that as item supervisors generally and we see the business from zero to a few million err over 3 years and then we left um at the same time approximately I went to service school and I went to business school on the other one went to do a stint in VC with the objective of going to service school afterwards so when I go to organization school I I got into into Harvard and you understand I was very excited about it my entire goal was to go there to read more about how to become a founder and then ideally introduce something upon graduation and the one that I landed there I was researching already an idea with one of these co-founders and it was authentic idea it had nothing to do or really little to do with what we’re doing now but you know that was the beginning of the journey and the beginner 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 in between business and right now you just need to wait on that sequence to establish or you know like there’s no one simplifying those circular payments so we considered hello why do not we do something comparable to like a split sensible or business in verticals such as you understand fried or Logistics or building and construction you know you have a lots of parties that have to wait on various payments like they’re all involved in one way or another so imagine you have a platform and then you have company a post Company B 100 and Company B Home Business c a hundred dollars in reality with this platform what would occur is a company.
a would pay a hundred the platform Company B absolutely no they would get they would pay no or receive no and then company C we get a hundred dollars so when we’re talking to big companies they all liked it however it was the typical like cold start problem I’m like hey this is fantastic when everyone remains in the platform however up until then it’s it’s quite hard to get individuals to do anything so it was all about hello how do we get more data how can we type 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 individuals give us information in order to get funding so you understand we started doing that like checking out 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 actually thinking about fintech and specifically in financing and you understand like we would take a look at different modes various verticals and so on for 2 weeks at a time if we found enough things we would go for two more weeks if we didn’t would suffice and after that in January 2020 we had the the concept you know which is funny of offering this this SAS companies at all so they could extend terms to the customers but always get the cash up front so we’re resolving the financing payment assets business have which is they have in advance costs to acquire consumers and after that they earn money months of the month right so to prevent that cash card that every SAS company faces which we faced in the past in the previous experience the goal was to provide a tool so they might state to the consumer hello look the price is 100
annually and if you want to pay month-to-month fantastic usage capshase you understand um and after that Founders love that they resembled hello guys this is amazing this is the Holy Grail of SAS since I need to do discounts so my ACV boosts and I can close sales faster because I’m offering versatile payment terms so it’s like the Holy Grail you know you increase ACV you reduce cell cycle typically it’s like a trade-off you understand and then the next thing they said resembled hello why do not I do this for all my consumer base instead of for each brand-new consumer that I get right so why don’t I do this for my 300 customers instead of doing it for the web for the 10 new consumers I get months of a month so then we saw what they wanted was to convert their ARR or the consumer base into upfront financing to be less depending on Equity as I stated the beginning yeah alright this is what we’re going to start with and after that we’re going to find out 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 guy we started dealing with it like crazy and and left what is your long-term Vision so it began with you know you landed on this hate you if you’re resting on ARR we understand the business’s uh churn we know the business’s retention gross margins Etc so I can take their ARR and lend them in advance x times times x ARR or times x mrr however what is a long-term vision of of the company so for us it’s it’s it’s or it’s all around SAS business right like we just way with such business deliberately right so we withstood the
desire to go and work with funding you understand with any vertical we just work with SAS so our objective is to establish numerous items for SAS so we start with funding and it’s excellent due to the fact that business truly count on us we really like a partner and we we help them to not just get funding however work better in a more efficient way and through that we’re finding you understand chances to broaden you know in the deal of a SAS item