It can be challenging to select the financing model … Capchase Silicone Grease .
Receive up to a year of upfront capital instantly, providing you the flexible funding you need to grow your company and scale. We supply the essential funding you need at that moment. Within 24 hours, we examine the financing needed and deposit it immediately to your account.
Capchase works with these users and company types: Mid Size Organization, Small Business, Business, Freelance, Nonprofit, and Government.
what’s much 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 traditional financing
that’s not really an option until now
keep your 100 with cap chase we use data
to make financing faster fairer and more
versatile based on your future
foreseeable profits and after that we cover it
all up with a single transparent charge
so let’s get this party started at
There is always a point in time when a start-up’s founders, senior management group, and top finance executives assess techniques for how to scale the business to the next level and brochure what’s required to do that effectively. Protecting financing at an early stage can speed up growth and result in measurable and obtainable success. Eventually, finance managers and the strategic planning group need to select the right financing source to assist the company reach its goals.
that management sets for the company. Weighing the risks and competitive dangers in a intelligent and balanced method is vital as it can decide the future of your company The implications of offering equity, handling irregular capital, rates of interest movements, and the requirement to make timely payments to lenders are among the elements to consider, just to name a few.
That said, with the rise of brand-new and more advanced funding options that put business interests of start-ups and midsize companies initially, there’s typically a method to figure out an option that’s an excellent fit. It is very important to examine the various funding choices that are readily available to a company’s founders, management accounting professionals, and financing officers and what considerations they require to produce both the short and long term.
Lobo here co-founder at traction and boast AI delighted to host Miguel Fernandez co-founder and CEO of capchase a company of non-dilutive development capital for repeating Earnings companies basically assisting business grow without quiting that precious Equity you took so long to build Miguel welcome to traction thank you so much for joining us Hey Lloyd thank you so much for having me it’s excellent to be here yeah I’m very delighted to share more incredible I’m delighted to enter into 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 first time creator it resembles you struck a crowning achievement out of the park out of the gates I love it man that’s incredible well as soon as they won you know like it’s never the Home Run never like never counts till the video game is over right generally so so so yeah um we are 4 co-founders you know and it’s amusing since we have actually all satisfied through first as good friends you understand and after that as co-founder so uh there’s three of us that interact at the very same SAS business in in Spain so all of us signed up with when it was really early I joined as the very first person in sales and there are 2 individuals joined us that as product 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 approximately I went to organization school and I went to organization school on the other one went to do a stint in VC with the goal of going to business school later on so when I go to organization school I I entered into into Harvard and you understand I was very delighted about it my whole objective was to go there to find out more about how to become a founder and then hopefully release something upon graduation and the one that I landed there I was looking into currently an idea with among these co-founders and it was authentic concept it had absolutely nothing to do or very little to do with what we’re doing now however you know that was the start of the journey and the newbie Journey or the Insight that we had was that hey there remain in certain verticals there are a lot of consecutive payments you understand and circular payments in between business and right now you simply have to await that sequence to develop or you understand like there’s nobody streamlining those circular payments so we thought about hi why don’t we do something similar to like a split wise or companies in verticals such as you know fried or Logistics or building and construction you know you have a lots of celebrations that have to await different payments like they’re all associated with one way or another so picture you have a platform and after that you have company a post Company B 100 and Company B Home Company c a hundred dollars in reality with this platform what would occur is a company.
a would pay a hundred the platform Company B zero they would get they would pay absolutely no or get absolutely no and then company C we get a hundred dollars so when we’re speaking with large business they all enjoyed it however it was the common like cold start problem I’m like hey this is terrific when everyone remains in the platform but until then it’s it’s quite tough to get people to do anything so it was all about hey how do we get more information 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 information we got to 2 conclusions it’s like we either get information through providing an Analytics tool a workflow tool or we provide a funding we have a funding and we get the information or people provide us data in order to get financing so you know we started doing that like checking out a growing number of and more and then what we need what we saw is that we knew more about sales than anything else we were truly interested in fintech and particularly in financing and you understand like we would take a look at various modes different verticals and so on for two weeks at a time if we found enough stuff we would go for two more weeks if we didn’t would cut it and then in January 2020 we had the the concept you know which is funny of using this this SAS companies at all so they might extend terms to the customers however always get the cash in advance so we’re solving the financing payment possessions companies have which is they have upfront expenses to acquire customers and after that they get paid months of the month right so to prevent that cash card that every SAS company faces and that we faced in the past in the previous experience the goal was to give them a tool so they might say to the consumer hi look the cost is 100
per year and if you wish to pay regular monthly fantastic usage capshase you understand um and then Creators enjoy that they resembled hey guys this is remarkable this is the Holy Grail of SAS because I need to do discounts so my ACV increases and I can close sales quicker due to the fact that I’m providing versatile payment terms so it resembles the Holy Grail you understand you increase ACV you reduce cell cycle typically it’s like a trade-off you understand and then the next thing they said was like hello why do not I do this for all my consumer base instead of for every brand-new customer that I get right so why do not I do this for my 300 customers instead of doing it for the internet for the 10 brand-new customers I get months of a month so then we saw what they wanted was to transform their ARR or the customer base into upfront funding to be less based on Equity as I stated the beginning yeah all right this is what we’re going to start with and then we’re going to find out a lot so we’re gon na do the rest later on which’s when the fourth co-founder joined who has a good friend at HBS and then man we began working on it like crazy and and dropped out what is your long-lasting Vision so it began with you know you arrived at this hate you if you’re sitting on ARR we know the business’s uh churn we know the business’s retention gross margins Etc so I can take their ARR and provide them up front 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 companies right like we just way with such business intentionally right so we withstood the
urge to go and work with financing you know with any vertical we just work with SAS so our goal is to establish several items for SAS so we start with financing and it’s terrific since business actually rely on us we actually like a partner and we we help them to not just get financing but work better in a more effective method and through that we’re discovering you know chances to broaden you understand in the deal of a SAS product