Capchase is a fintech that allows companies organizations that have a SaaS model access the so-called “income of the future”. In this way, clients will have the possibility of synchronizing their commercial systems in order to organize banking, accounting and subscriber management data.
The need to create this startup arises from the demand of SaaS customers to handle accurate and timely business metrics, due to the absence of a single source of truth to analyze the data.
In this way, if a company contracts its software for a year, Capchase can advance the money so that they can continue to grow economically and hire staff as if they had already invoiced it. In other words, through this model, Capchase provides what the company needs, just when it needs it, and based on the company’s future earnings, without compromising its financial structure or its actions.
The startup carries out a risk analysis based on the connection that its clients make to a web application of their bank account, their accounting platform and their CRM. In this way, they can establish what percentage of their recurring income or licenses they are able to advance.
Capchase was founded in the midst of a pandemic, in 2020 by Spanish entrepreneurs Miguel Fernández, Ignacio Moreno and Luis Basagoitinext to Przemek Gotfryd and has headquarters in Madrid and New York, as well as employees from Poland and the Czech Republic.
In recent years, it has reached agreements with financial services such as AWS, Xero and Stripe and has strengthened its presence in Europe with the opening of an office in Germany, specifically in Berlin. The Madrid offices are located at 178 Paseo de la Castellana.
250% revenue growth in 2022
Capchase closed 2022 with excellent results, as it obtained a increase in income from 250% and got a sum of total resources raised, worth 900 million dollars (845.89 million euros).
In July of last year, the fintech raised 394 million euros in the form of debt contributed by the American venture capital i80 Group and another fund, whose name is unknown at the moment. This amount has been used to provide essential growth capital for both current and future clients.
Meanwhile, in the month of March, a series B of 72.5 million euros led by the US fund 01 Advisors and also subscribed by Seaya Ventures.