The Fast, Tech Enabled Alternative To RevTek
RevTek requires $1.5m of EBITDA and $7m of revenue. Founderpath is more flexible.
Founder of Dabble
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.
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 RevTek alternative.
RevTek | Founderpath | |
---|---|---|
Built by SaaS Founders? | ||
Minimum Revenue | $7m | $500k |
EBITDA Required | Yes, at least $1.5m | No |
# SaaS Companies Funded | 40 | 212 |
Deals funded per month | 1 | 9 |
Money wired under 24 hours | No (fastest is 3 weeks) | |
Payoff early without fees or penalties | Watch out for Make Whole Premium or 2-5% Exit Fee | Easy to pay early |
Origination Fee | Yes | Yes |
Legal Fee | Yes | Yes, capped |
Monthly Reporting Required? | Takes 10 hours (email pdf's and excel files) | Automated through platform |
Technology Platform? | No. All manual negotiation. | Tech enabled. |
Products | Term Loans | Term Loans, Factoring |
SaaS Valuation Calculator | ||
Free cash flow/profit and loss reporting tool | ||
SaaS Company HQ | US Only | Worldwide |
Offers made
Revenue on platform