Capchase deals with these users and company types: Capchase Email Format ... Mid Size Organization, Small Company, Business, Freelance, Nonprofit, and Federal government.
what's better owning 100 of a 10 million
business or 15 of a 100 million dollar
business the response how about the very best of
both
you're right with traditional funding
that's not truly a choice previously
keep your 100 with cap chase we use data
to make funding faster fairer and more
flexible based upon your future
predictable income and then we cover it
all up with a single transparent charge
Let's get this celebration began at
There is always a point in time when a start-up's creators, senior management group, and leading finance executives evaluate methods for how to scale the company to the next level and catalog what's required to do that effectively. Securing funding at an early stage can accelerate development and lead to measurable and achievable success. Eventually, financing managers and the tactical preparation team need to choose the right financing source to assist the company reach its goals.
It can be challenging to select the funding design that finest aligns with the tactical targets that management sets for the company. Weighing the risks and competitive risks in a balanced and smart method is vital as it can decide the future of your company The ramifications of offering equity, managing inconsistent cash flow, rate of interest movements, and the requirement to make timely payments to loan providers are amongst the elements to think about, just to name a few.
That said, with the rise of brand-new and more advanced funding alternatives that put the business interests of start-ups and midsize business first, there's generally a method to figure out a solution that's a great fit. It is necessary to examine the different financing choices that are offered to a company's creators, management accounting professionals, and financing officers and what considerations they need to make for 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 service provider of non-dilutive development capital for repeating Income business basically helping 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 great to be here yeah I'm really delighted to share more incredible I'm delighted 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 consider from what I understood you're a first time founder first time creator it's like you struck a home run out of the park out of evictions I love it man that's amazing well as soon as they won you understand like it's never ever the Crowning achievement never like never counts until the game is over right essentially so so so yeah um we are 4 co-founders you understand and it's funny due to the fact that we have actually all fulfilled through initially as buddies you understand and then as co-founder so uh there's three people that interact at the exact same SAS business in in Spain so we all joined when it was extremely early I joined as the first person in sales and there are 2 individuals joined us that as item supervisors basically and we see the business from absolutely no to a couple of million err over three years and after that we left um at the same time roughly I went to business school and I went to organization school on the other one went to do a stint in VC with the objective of going to company school later on so when I go to company school I I entered into Harvard and you know I was extremely delighted about it my whole goal was to go there to find out more about how to become a founder and then ideally launch something upon graduation and the one that I landed there I was investigating already a concept with one of these co-founders and it was authentic concept it had nothing to do or really little to do with what we're doing now but you know that was the start of the novice and the journey Journey or the Insight that we had was that hey there remain in particular verticals there are a great deal of sequential payments you know and circular payments in between companies and today you just need to await that sequence to establish or you know like there's nobody streamlining those circular payments so we thought about hey why don't we do something similar to like a split smart or business in verticals such as you know fried or Logistics or building you understand you have a ton of parties that need to await different payments like they're all involved in one way or another so picture you have a platform and then you have company a post Business B 100 and Company B Home Business c a hundred dollars in reality with this platform what would take place is a business.
a would pay a hundred the platform Business B no they would get they would pay zero or get absolutely no and then company C we get a hundred dollars so when we're talking to big business they all loved it but it was the typical like cold start issue I'm like hey this is excellent when everyone's in the platform but till then it's it's pretty difficult to get people to do anything so it was everything about hey how do we get more information how can we kind of kick start this platform um without utilizing the platform to start with so it was everything about getting more information and to get more data we got to 2 conclusions it resembles we either get information through using an Analytics tool a workflow tool or we offer a funding we have a funding and we get the data or individuals offer us data in order to get financing so you understand we began 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 funding and you understand like we would look at different modes different verticals and so on for 2 weeks at a time if we discovered enough stuff we would choose 2 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 could extend terms to the consumers but always get the cash in advance so we're solving the financing payment possessions companies have which is they have in advance costs to acquire consumers and then they earn money months of the month right so to prevent that cash card that every SAS business faces which we dealt with in the past in the previous experience the goal was to provide a tool so they could say to the customer hello look the price is 100
annually and if you wish to pay month-to-month fantastic use 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 have to do discount rates so my ACV increases and I can close sales faster since I'm offering flexible payment terms so it's like the Holy Grail you understand you increase ACV you reduce cell cycle usually it resembles a compromise you understand and then the next thing they stated was like hello why don't I do this for all my customer base instead of for every new client that I solve so why do not I do this for my 300 customers instead of doing it for the net for the 10 brand-new consumers I get months of a month so then we saw what they desired was to convert their ARR or the consumer base into in advance funding to be less based on Equity as I said the beginning yeah alright this is what we're going to begin with and then we're going to discover so much so we're gon na do the rest afterwards and that's when the fourth co-founder joined who has a buddy at HBS and then male we began working on it like crazy and and dropped out what is your long-term Vision so it started with you know you arrived 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 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 company so for us it's it's it's or it's all around SAS companies right like we only method with such companies intentionally right so we resisted the
urge to work and go with funding you understand with any vertical we just work with SAS so our goal is to establish several items for SAS so we start with funding and it's excellent because business actually depend on us we actually like a partner and we we help them to not simply get financing however work better in a more effective way and through that we're discovering you know opportunities to broaden you know in the deal of a SAS item Capchase Email Format
Capchase Email Format