Capchase Review: Pricing, Terms & Alternatives Compared

What is Capchase? Capchase is a revenue-based financing platform for B2B SaaS companies, offering up to 70% of ARR as non-dilutive capital. Founded in 2020 and backed by over $1 billion in funding, it primarily serves companies with $1M+ ARR through products like Capchase Grow (revenue financing) and Capchase Pay (B2B BNPL).

This Capchase review covers pricing, terms, eligibility requirements, and how it compares to alternatives — including key differences that may make another provider a better fit depending on your stage and funding needs.

Capchase Company Overview

Founded in May 2020 during the pandemic, Capchase was born from a simple observation: SaaS companies with predictable revenue streams often struggled with cash flow gaps between selling solutions and receiving payments. Four co-founders — Miguel Fernandez Larrea (CEO), Luis Basagoiti Marques (COO), Ignacio Moreno Pubul, and Przemek Gotfryd — identified this critical need and built a solution that now serves companies across 10 countries.

The company’s mission centers on empowering high-growth companies to unlock their full potential by providing tools that enable faster, more predictable access to revenue. Unlike traditional venture capital that requires equity dilution, Capchase offers non-dilutive financing by advancing future recurring revenue, allowing companies to access up to 70% of their Annual Recurring Revenue (ARR) immediately.

Capchase has raised over $1 billion in funding across nine rounds, including a recent €105 million credit facility from Deutsche Bank in May 2024. Major investors include QED Investors, 01 Advisors, and Caffeinated Capital. The company operates from headquarters in New York with additional offices in London, Madrid, and Barcelona, employing over 100 people representing 15+ nationalities.

Their market position is solidified by recognition in Forbes’ “Next Billion-Dollar Startups” 2023 list and ranking #1 in Poets&Quants’ 2024 highest-funded MBA startups. The company has deployed over $2.5 billion to more than 4,000 SaaS companies since launch.

Capchase Products

Capchase Pay (B2B BNPL)

Capchase Pay functions as a B2B Buy Now, Pay Later solution revolutionizing how software companies handle contract payments. Vendors receive full Annual Contract Value upfront while customers pay in installments over time. The eligibility check happens in approximately one minute, and Capchase assumes all collection and default risk.

This product supports contracts from $2,500 to seven-figure amounts, including complex multi-year deals. There are no platform, implementation, or integration fees, and payment terms are fully customizable. For software vendors, this means faster cash collection and reduced friction in the sales process.

Capchase Grow (Revenue Financing)

Capchase Grow represents the flagship revenue-based financing product. Software companies can access 20-70% of their future ARR as upfront capital without diluting equity. The process requires no pitch decks or business plans — instead, companies connect their banking, accounting, and billing data through secure integrations.

Capchase’s proprietary algorithms assess contract quality and provide credit offers within 24-48 hours. Funding amounts range from $25,000 to $10 million per transaction, with repayment terms spanning 3-12 months. The credit facility grows alongside your revenue, meaning companies can access more capital as ARR increases.

Capchase Expense Financing

Capchase Expense Financing enables companies to finance large business expenses with 3, 6, 9, or 12-month repayment terms. Common use cases include AWS hosting services, legal bills, marketing spend, payroll, recruitment fees, and software subscriptions. Companies select recent expenses or unpaid invoices, choose their repayment terms, and Capchase pays vendors upfront while the company repays monthly.

Capchase Eligibility Requirements

For Capchase Grow, companies must demonstrate:

• At least 12 months of revenue history
• Minimum ARR of $1M (sources vary slightly, with some indicating $150K+ for basic eligibility)
• Over three months of cash runway
• Positive year-over-year growth
• B2B SaaS, enterprise software, or tech-enabled startup with subscription-based or recurring revenue model

Geographic availability spans the United States, United Kingdom, Canada, Spain, Sweden, Finland, Denmark, Netherlands, Belgium, Germany, and Ireland. Companies must have legal entities in these supported countries to qualify.

How to Apply for Capchase

The application process prioritizes speed and simplicity, typically completing within 24-72 hours:

1. Submit initial application through the Capchase platform
2. Connect three critical data sources: banking information, accounting systems (QuickBooks, Xero, etc.), and billing/subscription platforms (Stripe, ChargeBee, Recurly, etc.)
3. Automated underwriting: Capchase’s systematic process evaluates financial data and growth metrics using proprietary algorithms
4. Receive financing offer within 24-48 hours of complete data submission, detailing terms, rates, and available credit amounts
5. Access funds immediately upon acceptance through a dashboard that enables fund management and activity tracking

The platform integrates seamlessly with major banking platforms, accounting systems, and CRM tools including Salesforce and HubSpot. For companies with custom needs, API access enables tailored integrations.

The required documentation focuses on automated data collection rather than manual submission. Core requirements include 12 months of banking records, integrated accounting system data, subscription platform information, and customer contract details. This streamlined approach eliminates the extensive documentation typically required by traditional lenders.

Is Capchase Legit?

Yes. Capchase is a legitimate financing platform backed by institutional investors including QED Investors, Deutsche Bank, and Caffeinated Capital. Key trust signals:

• $2.5+ billion deployed to 4,000+ SaaS companies since 2020
• Forbes “Next Billion-Dollar Startups” 2023
• €105M credit facility from Deutsche Bank (2024)
• Offices in New York, London, Madrid, Barcelona
• 100+ employees across 15+ nationalities
• Backed by major VCs including QED Investors and Caffeinated Capital

Capchase is an established player in revenue-based financing alongside competitors like Pipe, Clearco, and Founderpath.

Capchase vs. Founderpath

Both Capchase and Founderpath offer non-dilutive financing for SaaS companies, but they serve different market segments. Here’s how they compare:

Factor	Capchase	Founderpath
Minimum ARR	$1M+	$120K ($10K MRR)
Repayment terms	3-12 months	12-48 months
Upfront fees	Varies by product	None
Prepayment penalty	Check terms	None
Funding amount	Up to 70% ARR	Up to 4x MRR
Funding speed	24-48 hours	24-48 hours
B2B BNPL product	Yes (Capchase Pay)	No
Best for	$1M+ ARR, BNPL needs	Bootstrapped founders, earlier stage

Key differences: Founderpath targets a different market segment, accepting companies with as little as $10,000 MRR ($120,000 ARR) compared to Capchase’s $1 million+ ARR requirement for most products. This makes Founderpath significantly more accessible to earlier-stage companies.

Founderpath offers term loans and factoring agreements exclusively for bootstrapped B2B SaaS companies, with funding up to 4x MRR for qualified businesses. The fee structures differ: Founderpath charges 7-12% discount rates for factoring agreements and as low as 14% interest for term loans, with zero upfront fees and no prepayment penalties.

Founderpath also offers longer repayment terms (12-48 months) compared to Capchase’s typical 3-12 months, providing more flexibility for companies that prefer lower monthly payments. While both promise 24-48 hour funding decisions, Founderpath emphasizes its founder-to-founder relationships and personal touch.

Capchase’s advantage lies in its broader product suite — including B2B BNPL (Capchase Pay) and expense financing — which provides more comprehensive financial solutions. For larger SaaS companies needing vendor financing, Capchase offers options Founderpath doesn’t.

Capchase Funding Speed

Speed represents one of Capchase’s strongest competitive advantages. The company delivers initial offers within 24-48 hours after data connection, with full approval possible within 72 hours maximum. This dramatically outpaces traditional venture capital processes that often require months of due diligence and negotiation.

Once approved, funds become immediately accessible through Capchase’s platform. The company uses Modern Treasury for payment processing, enabling ACH, Same-Day ACH, and wire transfers up to $1 million. Real-time draw functionality allows companies to access capital precisely when needed rather than receiving lump sums.

Several factors optimize processing speed:

• Quality data integration through connected banking, accounting, and billing systems enables faster automated underwriting
• Clear eligibility criteria reduce back-and-forth clarifications
• For Capchase Pay, customer qualification happens in approximately one minute using public data sources, enabling rapid deal closure

Compared to industry alternatives, Capchase matches or exceeds competitor speeds. Traditional bank financing typically requires weeks or months, while most revenue-based financing providers promise similar 24-48 hour turnaround times.

Capchase Pricing & Fees

While specific rates aren’t publicly disclosed, Capchase employs a fixed percentage fee model rather than taking a percentage of monthly revenue like traditional revenue-based financing:

For Capchase Grow, companies pay a fixed percentage fee on the financing amount, typically enabling access to 20-50% of ARR. This structure provides cost predictability — companies know their total repayment amount upfront.

Capchase Pay charges a flat financing fee per deal, which can be paid by the vendor, buyer, or split between parties. This flexibility allows software companies to structure deals optimally for their sales process.

Compared to competitors, Capchase claims 50% better cost efficiency than alternatives. Traditional revenue-based financing typically charges 5-12% of monthly revenue until repayment completes, which penalizes fast-growing companies. Venture debt often includes higher rates plus warrants and restrictive covenants.

For comparison, Founderpath does not charge platform fees and makes money through a 7-12% discount rate on revenue financing and traditional interest rates on term loans — with no prepayment penalties.

The transparent fee structure without hidden costs or penalties for growth represents a significant advantage. Companies won’t face increasing costs as revenue grows, unlike percentage-of-revenue models that become more expensive with success.

Repayment Terms & Flexibility

Capchase structures its products to maximize flexibility for growing software companies. Repayment terms for Capchase Grow typically range from 3-12 months.

Contract flexibility extends to complex deal structures:

• Capchase Pay handles multi-year contracts paid upfront
• Supports line-item flexibility for taxes and implementation fees
• Accommodates custom payment structures
• No usage minimums or obligations — draw funds only when needed

Note that Capchase’s standard repayment terms (3-12 months) are shorter than some competitors. Founderpath, for example, offers 12-48 month terms, which may better suit companies wanting lower monthly payments and more breathing room.

Additional Capchase Benefits

The Capchase Partner Hub offers exclusive deals and partnerships from curated companies, creating additional value through cost savings and strategic relationships. Notable partnerships include integrations with Stripe, AWS, Mercury, Techstars, Baremetrics, and Ramp. This ecosystem provides software companies with preferred pricing and seamless workflow integration.

Educational resources include comprehensive documentation, live online sessions, and webinars focused on SaaS-specific knowledge and best practices. The platform provides advanced business metrics insights and scenario planning tools, helping companies make data-driven growth decisions.

Integrations: Native CRM integrations with Salesforce and HubSpot, plus accounting system connections, streamline operations and provide real-time visibility.

Customer support operates 24/7 with a high-touch service model. Customer testimonials consistently highlight the team’s accessibility and helpfulness, with implementation possible in under 24 hours.

For Capchase Pay users, the company handles all billing and collections, assumes payment default risk, supports 4+ currencies globally, and manages foreign exchange adjustment risk. These value-added services transform Capchase from a funding source into a comprehensive growth partner.

Tips for Getting Approved

Based on extensive research and customer experiences, several best practices emerge for software companies considering Capchase:

Data quality proves critical — companies with comprehensive, clean financial data receive better terms and higher credit capacity. Before applying, ensure all banking, accounting, and billing systems contain accurate, up-to-date information.

Timing matters significantly. Apply when growth metrics trend positively and cash flow remains stable. Avoid applications during revenue declines or customer churn spikes. Strong unit economics, particularly gross margins and LTV/CAC ratios, improve approval odds and terms. Companies should articulate clear, specific growth strategies for fund usage rather than vague expansion plans.

Common mistakes to avoid:

• Applying without connecting all recommended data sources
• Poor application timing when metrics decline
• Unclear use cases for funding
• Applying when business models don’t match Capchase criteria
• Geographic misalignment — ensure operations exist in Capchase’s supported countries before investing application time

Success strategies include starting with smaller draws to build relationships and improve terms over time, maintaining regular communication with growth advisors, leveraging all available integrations for streamlined workflows, and using Capchase Analytics for enhanced financial decision-making. Companies report that transparent communication about business changes and growth plans strengthens the partnership.

Capchase Alternatives

If Capchase’s $1M+ ARR requirement doesn’t fit your stage, or you need longer repayment terms, consider these alternatives:

• Founderpath: Accepts companies with $10K+ MRR, offers 12-48 month repayment terms, no upfront fees, no prepayment penalties. Best for bootstrapped B2B SaaS founders who want longer terms and a founder-focused approach.
• Hum Capital: Uses AI-powered matching to connect SaaS companies with optimal funding sources from their network of lenders.
• Liquidity Group: Offers data-driven underwriting for tech companies with various funding structures.
• Stenn: Provides invoice financing and factoring solutions for companies seeking working capital.

For a broader overview of all available options, see our comprehensive guide to non-dilutive funding for SaaS companies.

Conclusion

Capchase has established itself as a significant player in the revenue-based financing space, serving over 4,000 companies with $2.5+ billion in funding since 2020. For software companies with $1M+ ARR seeking non-dilutive growth capital, Capchase offers compelling advantages: 24-48 hour funding decisions, flexible terms without restrictive covenants, scalable credit that grows with revenue, and comprehensive value-added services beyond pure financing.

The platform excels in speed, technology integration, and customer service, with particular strength in B2B BNPL through Capchase Pay. Geographic coverage across 10 countries and support for complex deal structures accommodate diverse business needs.

However, the $1M+ ARR requirement excludes earlier-stage companies, and the shorter repayment terms (3-12 months) may not suit everyone. Bootstrapped founders, companies with lower ARR, or those needing longer repayment flexibility should compare alternatives.

Bottom line: If you have $1M+ ARR and need short-term capital or vendor financing solutions, Capchase delivers. If you’re earlier stage, bootstrapped, or want longer repayment terms with no fees, check what you qualify for at Founderpath.