It can be challenging to select the financing model … Saas Finance Management Solution .
Get up to a year of upfront capital instantly, giving you the flexible funding you need to grow your service and scale. We offer the necessary financing you need at that moment. Within 24 hours, we assess the financing needed and deposit it immediately to your account.
Capchase deals with these users and company types: Mid Size Service, Small Company, Enterprise, Freelance, Nonprofit, and Government.
what’s better owning 100 of a 10 million
business or 15 of a 100 million dollar
company the answer how about the very best of
both
you’re right with traditional financing
that’s not really an alternative previously
keep your 100 with cap chase we use data
to make financing much faster fairer and more
versatile based upon your future
predictable income and then we wrap it
all up with a single transparent cost
so let’s get this celebration started at
There is always a moment when a start-up’s founders, senior management team, and top finance executives examine strategies for how to scale the company to the next level and catalog what’s required to do that successfully. Protecting funding at an early stage can accelerate growth and result in achievable and measurable success. Eventually, finance managers and the tactical planning team need to choose the right funding source to help the company reach its objectives.
that management sets for the organization. Weighing the threats and competitive dangers in a well balanced and smart method is crucial as it can decide the future of your company The ramifications of offering equity, handling inconsistent cash flow, interest rate motions, and the need to make prompt payments to lending institutions are among the aspects to consider, simply among others.
That stated, with the increase of brand-new and more sophisticated funding alternatives that put business interests of start-ups and midsize companies initially, there’s usually a way to find out a solution that’s a good fit. It is very important to investigate the different funding options that are available to a company’s creators, management accounting professionals, and finance officers and what factors to consider they need to make for both the long and brief term.
Lobo here co-founder at traction and boast AI excited to host Miguel Fernandez co-founder and CEO of capchase a supplier of non-dilutive growth capital for recurring Earnings business essentially assisting business grow without giving up that precious Equity you took so long to develop 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 delighted to share more awesome I’m thrilled to get 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 first time founder very first time founder it resembles you struck a crowning achievement out of the park out of the gates I enjoy it man that’s remarkable well as soon as they won you understand like it’s never ever the Crowning achievement never ever like never counts up until the game is over best generally so so so yeah um we are 4 co-founders you understand and it’s funny because we’ve all satisfied through initially as friends you know and then as co-founder so uh there’s 3 of us that interact at the same SAS company in in Spain so all of us joined when it was really early I signed up with as the first person in sales and there are 2 people joined us that as item managers essentially and we see the company from no to a couple of million err over 3 years and after that we left um at the same time roughly 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 business school later on so when I go to service school I I got into into Harvard and you know I was very excited about it my whole objective was to go there to read more about how to become a creator and after that ideally launch something upon graduation and the one that I landed there I was researching already a concept with among these co-founders and it was authentic concept it had nothing to do or very little to do with what we’re doing now but you understand that was the start of the journey and the beginner 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 between companies and right now you simply have to wait on that sequence to develop or you know like there’s nobody streamlining those circular payments so we thought about hello why don’t we do something comparable to like a split smart or companies in verticals such as you understand fried or Logistics or construction you understand you have a ton of parties that have to wait for various payments like they’re all associated with one way or another so envision 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 Company B zero they would get they would pay zero or receive zero and then company C we get a hundred dollars so when we’re speaking to big business they all liked it but it was the common like cold start issue I resemble hey this is excellent when everyone’s in the platform but until then it’s it’s quite difficult to get individuals to do anything so it was all about hey how do we get more information 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 providing an Analytics tool a workflow tool or we offer a funding we have a financing and we get the people or data provide us data in order to get financing so you know we began 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 truly thinking about fintech and specifically in funding and you know like we would take a look at various modes different verticals and so on for two weeks at a time if we discovered enough stuff we would choose 2 more weeks if we didn’t would suffice and after that in January 2020 we had the the concept you know which is amusing of offering this this SAS companies at all so they might extend terms to the customers but always get the money up front so we’re fixing the funding payment properties business have which is they have in advance expenses to get clients and then they get paid months of the month right so to prevent that money card that every SAS company faces which we dealt with in the past in the previous experience the goal was to give them a tool so they could say to the consumer hi look the price is 100
per year and if you want to pay monthly fantastic use capshase you understand um and then Creators love that they were like hello people this is amazing this is the Holy Grail of SAS since I have to do discounts so my ACV boosts and I can close sales quicker due to the fact that I’m offering versatile payment terms so it’s like the Holy Grail you know you increase ACV you reduce cell cycle normally it’s like a trade-off you know and then the next thing they stated was like hi why do not I do this for all my client base instead of for every single new client 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 brand-new customers I get months of a month so then we saw what they desired was to convert their ARR or the customer base into upfront financing to be less depending on Equity as I stated the beginning yeah fine this is what we’re going to start 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 fourth co-founder joined who has a friend at HBS and after that guy we started working on it like crazy and and dropped out 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 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-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 just way with such companies deliberately right so we withstood the
urge to go and work with financing you know with any vertical we only deal with SAS so our goal is to establish multiple products for SAS so we start with financing and it’s fantastic since business really depend on us we truly like a partner and we we help them to not simply get funding but work better in a more efficient method and through that we’re finding you know opportunities to broaden you know in the transaction of a SAS item