The no fee, longer payback alternative to Capchase
SaaS Founders don't deserve to pay an upfront fee which makes prepayment expensive. Try Founderpath instead.
24 month paybackUnder 48 hours to wireBuilt by SaaS FoundersNo Platform Fee
Join 3,021 Bootstrapped SaaS Founders
Capchase Reviews
David Tabachnikov
Founder of ScholarshipOwl
Refinanced my Capchase Deal with $1.5m From Founderpath
After trying all the RBF platforms out there, we found FounderPath to be the best one to work with, having the best terms, and also giving us added value that nobody else could. FounderPath also worked with us to help us resolve our unique situation, and make our payment more predictable and flexible. With FounderPath, it's not just the money - it's being part of a financial support network. Also, switching from our previous provider (CapChase) was extremely easy and smooth.
Jacob Wright
Founder of Dabble
Longer terms than others, & a personal touch
I've had dealings with Pipe and Capchase, and Founderpath has been the best experience. You aren't just dealing with a sales rep who then hands you off to someone else who hands you off to someone else. Founderpath has a more personal touch.They also have longer and more flexible terms, allowing you to pay off early if needed without penalty like the others.Overall, a great experience.Note that Discount Rate isn't the same as APR you get with a bank loan, so don't compare them apples-to-apples. All these companies use Discount Rate which ends up converting to ~2x APR, so bear that in mind when making decisions.
Why choose Founderpath over Capchase?
Use SaaS Financing Software that scales with you. See why SaaS founders are taking money from Founderpath and using our valuation and reporting tools to make it the #1 Capchase alternative.
 Capchase |  Founderpath | |
|---|---|---|
Upfront fee? | Yes | No upfront fees |
Platform Fee | 3% | None |
Discount Fee | 11% | 8% |
Effective interest rate | 11% discount fee on a 12 month term is about 25% Interest Rate | 8% discount fee on a 12 month term is about 19% Interest Rate |
Duration | 12 months | Up to 48 months |
Cash Runway requirement | 6 months | No Covenants |
Money wired under 24 hours | Yes | |
CEO Retreats |  | |
SaaS Valuation Tool with Benchmarks | | |
Built by SaaS Founders? | | |
What is Capchase?
Capchase (sometimes spelled "Cap Chase") is a New York-based revenue-based financing platform founded in 2020. It lets B2B SaaS companies unlock the value of their annual contracts upfront — rather than waiting 12 months to collect subscription revenue — in exchange for a discount fee. The company is backed by QED Investors and has deployed billions in financing to software businesses across the US and Europe.
Capchase charges a 3% upfront platform fee on every draw, plus a discount fee of roughly 11% on a 12-month term. When you convert those numbers into an effective annual interest rate, you are looking at approximately 25% — a significant cost of capital for bootstrapped or early-stage SaaS companies. Payback terms max out at 12 months, and Capchase typically requires at least 6 months of cash runway as a covenant.
For founders who want longer payback windows, no platform fees, and no cash runway covenants, Founderpath is the most commonly cited alternative. Founderpath charges no platform fee, an 8% discount fee, and offers terms of up to 48 months — meaning the same dollar amount costs materially less and your monthly repayments are lower.
Not happy with Capchase's valuation offer?
Capchase bases its offer on your MRR and a fixed model. Founderpath uses a full SaaS valuation — factoring in growth rate, churn, net revenue retention, and market benchmarks — which often results in a significantly higher offer. Run your numbers for free with our SaaS Valuation Calculator and see what Founderpath would offer you.
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Founderpath is the Fastest Growing Capchase Alternative
Founders Will Take $250m This Year. So far:
3,124
Offers made
$504m
Revenue on platform
Troy Noll
United States
No strings attached non-dilutive debt
We recently worked with Founderpath to draw down a loan with zero dilution. Nathan and the team at Founderpath where easy to work with and the process was extremely straightforward and we received the funds very quickly once agreed.
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