The market of startup has experienced great growth in recent years, showing the need for new financing or investment tools that can be adapted to all the particularities of this type of company. This has given way to the emergence of new fintechs that propose innovative and more adaptable solutions for them.
This is the case of Capchasea fintech created halfway between Spain and the US, with employees in the Czech Republic and , which is characterized by offering financing solutions to startups in the growth phase and with recurring income. A proposal that has received, in turn, the support of investors: thus, Capchase has received a new injection of resources in the form of debt. The 400 million dollars (around 394 million euros) received come from i80 Group, from whom they had previously received capital, and a new international banking group with undisclosed identity.
According to him from Capchase, it’s400 million in debt financing will be used to provide “essential” growth capital for both current and future clients. The operation occurs at a delicate moment for financing due to a rise in interest rates by the European Central Bank (ECB), something seen as a potential risk for this business model.
This injection of resources takes place only four months after a Series B, which rose to 80 million dollars, led by 01 Advisors and Seaya Ventures, and just over a year after closing an investment round for 125 million dollars.
A startup halfway between Spain and the United States
Founded in 2020 in New York during the Covid-19 pandemic, entrepreneurs, Miguel Fernandez, Ignacio Moreno, Luis Basagoiti and Przemek Gotfryd they gave life to Capchase with the idea of offering a financing service that would allow startups to access the necessary funds for their growth. This without the need to compromise their own actions or the financial structure of the company through operations with venture capital firms.
In this way, the Capchase proposal is a model in which they lend what you need, right when you need it, and based on the company’s future earnings. Thus, startups can access funds quickly, delaying investment rounds until more favorable times for them. This, with a commission on the amount, which ranges between 5% and 10%.
Obviously, this business model has a paradoxical aspect: It is a startup that receives money from external investors to inject them into startups that it prevents from resorting to that type of investors.
Currently, the fintech has a presence in 10 markets, his work team brings together more than 100 employees and has worked with approximately 3,000 startups both in the United States and Europe, which has generated more than 2,000 million dollars (just over 1,900 million euros), in available funds. The company estimates that its growth during 2021 was 2,300%.
A new tool for greater financial control
Taking advantage of the closing of this operation, Capchase also announced the launch of a new analysis tool called capchase analytics, whose objective is to help SaaS platforms to carry out financial transactions in real time based on measurements of the performance of your business.
“Capchase Analytics is a continuation of our mission – many of our SaaS customers report to us that they struggle to manage accurate and timely business metrics as there is no single source of truth and financial and performance data comes from disparate sources. As a result, they must laboriously and manually reconcile outdated data in spreadsheets, often without knowing how their business is performing compared to its competitors. Capchase Analytics presents intuitive, real-time, holistic business and performance insights by synchronizing with your other business systems and automatically reporting key business metrics like MRR, signups, or retention rates.”
This tool will allow customers synchronize your current business systems to organize banking, accounting and subscriber management data in a dashboard where financial metrics are kept up to date. This new tool joins the variety of products offered by Capchase.
As explained by his CEO and co-founder Miguel Fernandez In a statement in March: “When we launched in May 2020, our mission was to make dilution-free funding more accessible to founders. Since then, we have made available to nearly 3,000 registered customers over $2 billion. I’m proud of the fact that About 15% of our funding has been offered to minority and women-led businesses, a significant increase compared to the limited investment these founders typically receive from other sources.
Our mission has also expanded: we started with revenue financing that promised to put financing on autopilot. Since then, we have launched two new loan products: Capchase Extend (buy now, pay later for businesses) and Capchase Earn (our high-interest account) that offsets founders’ costs of capital. All of these scale up to our mission to “automate everything that touches a dollar” in startup finance, and we are just getting started.”
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