It can be challenging to pick the funding model … Capchase Office .
Get up to a year of upfront capital right away, providing you the flexible financing you need to grow your organization and scale. We supply the necessary financing you need at that minute. Within 24 hours, we examine the funding needed and deposit it instantly to your account.
Capchase works with these users and organization types: Mid Size Organization, Small Company, Business, 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 best of
you’re right with conventional financing
that’s not truly a choice until now
keep your 100 with cap chase we utilize data
to make financing much faster fairer and more
flexible based on your future
foreseeable income and then we cover it
all up with a single transparent charge
so let’s get this party began at
There is always a point in time when a start-up’s founders, senior management group, and leading finance executives assess methods for how to scale the business to the next level and catalog what’s needed to do that successfully. Protecting funding at an early stage can accelerate growth and result in attainable and measurable success. Eventually, finance managers and the tactical planning team need to select the right funding source to assist the business reach its goals.
that management sets for the company. Weighing the threats and competitive dangers in a balanced and intelligent way is important as it can choose the future of your business The ramifications of offering equity, handling inconsistent cash flow, rates of interest motions, and the requirement to make timely payments to loan providers are amongst the aspects to think about, simply among others.
That said, with the rise of new and more sophisticated financing alternatives that put business interests of start-ups and midsize business first, there’s generally a way to determine a service that’s a great fit. It is very important to investigate the different funding alternatives that are available to a company’s founders, management accounting professionals, and finance officers and what considerations they require to produce both the short and long term.
Lobo here co-founder at traction and boast AI excited to host Miguel Fernandez co-founder and CEO of capchase a service provider of non-dilutive development capital for repeating Revenue companies essentially assisting business grow without giving up that precious Equity you took so long to build 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 very excited to share more incredible 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 creator very first time founder it’s like you hit a crowning achievement out of the park out of the gates I enjoy it man that’s amazing well as quickly as they won you understand like it’s never ever the Crowning achievement never ever like never ever counts up until the video game is over right essentially so so so yeah um we are 4 co-founders you know and it’s amusing since we’ve all fulfilled through initially as good friends you understand and then as co-founder so uh there’s three people that work together at the exact same SAS company in in Spain so we all joined when it was very early I signed up with as the first person in sales and there are two people joined us that as product managers essentially and we see the company from absolutely no to a few 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 company school on the other one went to do a stint in VC with the goal of going to company school afterwards so when I go to service school I I got into into Harvard and you know I was really excited about it my whole objective was to go there to learn more about how to become a founder and after that hopefully release something upon graduation and the one that I landed there I was researching already a concept with among these co-founders and it was genuine idea it had nothing to do or extremely little to do with what we’re doing now but you understand that was the beginning of the newbie and the journey Journey or the Insight that we had was that hey there remain in certain verticals there are a lot of sequential payments you know and circular payments between business and today you just need to wait on that sequence to develop or you understand like there’s no one simplifying those circular payments so we thought of hello why don’t we do something comparable to like a split wise or companies in verticals such as you understand fried or Logistics or construction you understand you have a lots of parties that need to wait for various payments like they’re all involved in one way or another so envision you have a platform and then you have company a post Company B 100 and Business B Home Business c a hundred dollars in reality with this platform what would take place is a company.
a would pay a hundred the platform Business B absolutely no they would get they would pay absolutely no or receive no and then company C we get a hundred dollars so when we’re speaking with big business they all liked it however it was the typical like cold start issue I’m like hey this is excellent when everyone’s in the platform however till then it’s it’s quite difficult to get people to do anything so it was everything about hi how do we get more data how can we kind of kick start this platform um without using the platform to start with so it was everything about getting more information and to get more data we got to two conclusions it’s like we either get data through using an Analytics tool a workflow tool or we provide a financing we have a funding and we get the data or individuals provide us information in order to get funding so you understand we started doing that like exploring a growing number of and more and then what we require what we saw is that we knew more about sales than anything else we were really interested in fintech and specifically in financing and you understand like we would take a look at various modes different verticals and so on for 2 weeks at a time if we discovered enough things we would choose 2 more weeks if we didn’t would cut it and then in January 2020 we had the the concept you understand which is funny of offering this this SAS companies at all so they could extend terms to the consumers but constantly get the money up front so we’re resolving the financing payment possessions business have which is they have in advance expenses to obtain customers and after that they earn money months of the month right so to avoid that money card that every SAS business faces which we faced in the past in the previous experience the goal was to provide a tool so they could state to the client hello look the price is 100
each year and if you wish to pay regular monthly terrific usage capshase you know um and after that Founders like that they resembled hello people this is amazing this is the Holy Grail of SAS because I have to do discounts so my ACV increases and I can close sales much faster due to the fact that I’m offering versatile payment terms so it resembles the Holy Grail you know you increase ACV you decrease cell cycle normally it resembles a compromise you know and after that the next thing they stated was like hey why don’t I do this for all my customer base instead of for every brand-new client that I solve so why don’t I do this for my 300 clients 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 client base into in advance financing to be less based on Equity as I said the beginning yeah alright this is what we’re going to begin with and after that we’re going to discover so much so we’re gon na do the rest afterwards which’s when the 4th co-founder joined who has a pal at HBS and then guy we started dealing with it like crazy and and left what is your long-term Vision so it started with you understand you arrived on this hate you if you’re resting on ARR we know the company’s uh churn we know 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-lasting vision of of the business so for us it’s it’s it’s or it’s all around SAS business right like we just way with such companies intentionally right so we resisted the
desire to go and work with financing you understand with any vertical we just deal with SAS so our goal is to develop multiple products for SAS so we begin with funding and it’s terrific due to the fact that companies actually depend on us we truly like a partner and we we help them to not simply get funding however work better in a more efficient way and through that we’re finding you know opportunities to expand you understand in the transaction of a SAS item