Capchase works with these users and organization types: Capchase Layoffs ... Mid Size Service, Small Business, Enterprise, Freelance, Nonprofit, and Federal government.
what's much better owning 100 of a 10 million
company or 15 of a 100 million dollar
business the response how about the very best of
both
you're right with standard financing
that's not really an alternative previously
keep your 100 with cap chase we utilize data
to make financing quicker fairer and more
versatile based on your future
predictable earnings and after that we cover it
all up with a single transparent fee
so let's get this party began at
There is constantly a time when a start-up's founders, senior management team, and top finance executives evaluate strategies for how to scale the company to the next level and brochure what's required to do that successfully. Securing funding at an early stage can accelerate development and result in measurable and achievable success. Ultimately, finance managers and the tactical planning group have to decide on the right financing source to help the business reach its objectives.
It can be challenging to choose the financing design that best aligns with the tactical targets that management sets for the organization. Weighing the dangers and competitive threats in a well balanced and smart way is essential as it can decide the future of your company The ramifications of offering equity, managing irregular capital, interest rate motions, and the requirement to make timely payments to loan providers are among the aspects to think about, simply to name a few.
That stated, with the rise of new and more sophisticated financing options that put the business interests of start-ups and midsize business initially, there's typically a method to figure out a solution that's an excellent fit. It is very important to investigate the different financing options that are offered to a company's founders, management accounting professionals, and finance officers and what considerations 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 provider of non-dilutive development capital for repeating Profits companies generally assisting companies grow without giving up that valuable Equity you took so long to build Miguel welcome to traction thank you so much for joining us Hey Lloyd thank you a lot for having me it's excellent to be here yeah I'm really thrilled to share more awesome I'm delighted to enter 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 creator very first time founder it resembles you hit a crowning achievement out of the park out of the gates I love it man that's amazing well as quickly as they won you understand like it's never the Home Run never ever like never counts up until the game is over ideal generally so so so yeah um we are 4 co-founders you know and it's amusing due to the fact that we have actually all met through first as good friends you understand and after that as co-founder so uh there's 3 of us that interact at the same SAS company in in Spain so we all signed up with 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 supervisors essentially and we see the business from no to a few million err over three years and then we left um at the same time roughly I went to organization school and I went to service school on the other one went to do a stint in VC with the objective of going to organization school later on so when I go to business school I I got into into Harvard and you understand I was very thrilled about it my whole goal was to go there to learn more about how to end up being a creator and then hopefully release something upon graduation and the one that I landed there I was researching currently a concept with among these co-founders and it was authentic idea it had nothing to do or very little to do with what we're doing now but you know that was the start of the newbie and the journey Journey or the Insight that we had was that hey there remain in particular verticals there are a great deal of consecutive payments you understand and circular payments in between business and today you just need to wait on that series to develop or you understand like there's nobody streamlining those circular payments so we thought of hi why do not we do something comparable to like a split wise or business in verticals such as you know fried or Logistics or construction you understand you have a lots of celebrations that need to await various 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 take place is a company.
a would pay a hundred the platform Company B no they would get they would pay no or receive zero and after that business C we get a hundred dollars so when we're speaking to big companies they all loved it but it was the common like cold start issue I'm like hey this is terrific when everyone remains in the platform however till then it's it's pretty tough to get individuals to do anything so it was all about hello how do we get more data how can we sort of kick start this platform um without utilizing the platform to start with so it was all about getting more information and to get more information we got to 2 conclusions it resembles we either get information through offering an Analytics tool a workflow tool or we offer a funding we have a funding and we get the people or information provide us data in order to get funding so you understand we began doing that like checking out more and more and more and then what we require what we saw is that we knew more about sales than anything else we were really thinking about fintech and particularly in funding and you know like we would look at different modes various verticals and so on for 2 weeks at a time if we discovered enough things we would go for 2 more weeks if we didn't would suffice and then in January 2020 we had the the concept you understand which is amusing of offering this this SAS companies at all so they could extend terms to the customers but always get the money up front so we're fixing the financing payment properties business have which is they have in advance expenses to obtain clients and then they earn money months of the month right so to prevent that cash card that every SAS company deals with and that we dealt with in the past in the previous experience the goal was to give them a tool so they could state to the client hi look the rate is 100
per year and if you want to pay monthly fantastic use capshase you know um and then Creators like that they were like hello people this is amazing this is the Holy Grail of SAS because I need to do discounts so my ACV boosts and I can close sales quicker since I'm using flexible payment terms so it's like the Holy Grail you know you increase ACV you reduce cell cycle generally it's like a trade-off you understand and after that the next thing they stated resembled hi why don't I do this for all my client base instead of for every brand-new consumer that I solve so why don't I do this for my 300 clients instead of doing it for the web for the 10 new consumers I get months of a month so then we saw what they desired was to transform their ARR or the customer base into upfront financing to be less dependent on Equity as I stated the starting yeah alright this is what we're going to start with and then we're going to find out so much so we're gon na do the rest later on and that's when the 4th co-founder joined who has a good friend at HBS and then male we began working on it like crazy and and left what is your long-term Vision so it began with you understand you arrived at this hate you if you're resting on ARR we know the business's uh churn we understand the company'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 however 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 withstood the
urge to work and go with funding you understand with any vertical we only work with SAS so our goal is to establish numerous items for SAS so we start with financing and it's terrific due to the fact that companies really depend on us we really like a partner and we we help them to not just get funding however work better in a more efficient way and through that we're discovering you know opportunities to expand you know in the transaction of a SAS product Capchase Layoffs
Capchase Layoffs