Capchase, a provider of non-dilutive capital for recurring-revenue firms, recently announced that it has expanded to the Netherlands and Belgium.
The move comes on the back of Capchase’s expansion into the Nordic region last month, “building out headcount in Finland, Sweden and Denmark.”
As noted in a release shared with CI, Capchase has seen steady growth in 2021, having made $1.6 billion “available in funding to entrepreneurs throughout the year.” Europe has grown quickly and now “represents 25% of Capchase’s business, having worked with hundreds of companies since launching six months ago.”
As mentioned in the announcement, Capchase has offered growth capital to a range of firms in these regions, “across SMB SaaS and enterprise SaaS, as well as consumer subscription businesses.”
Customers reportedly include Homerun (HR tech platform), Owlin (news analytics) and more.
As explained in the update, Capchase provides a range of non-dilutive financing products for firms with recurring revenue. This enables founders to “quickly gain access to growth capital without giving up equity.”
It recently announced one of the industry’s first alternatives for startups “seeking to monetize their idle cash, called Capchase Earn.” The product “generates 1.5% APR and allows companies to significantly reduce their overall cost of capital.” It enables startups with idle cash reserves from sources such as a recent fundraise “to offset rates on Capchase’s other financing products.”
Henrik Grim, MD of Europe at Capchase, stated:
“Expanding to the Benelux region is the latest in a series of major milestones for Capchase in an incredibly short period of time. The region is seeing an unprecedented boom in capital and talent inflow to the tech sector, and there is a growing pool of startups that are ideally placed to take advantage of Capchase’s flexible financing options.”
Grim added
“European tech has never been more prosperous. However, the growth capital options available to founders remains limited. Our range of products, including Capchase Earn, provide a new, cost-effective way for founders to realize their ambitions. This is why, in six months of operations in Europe, we have already made hundreds of millions available in financing to hundreds of startups, and believe that these numbers will continue accelerating in the months to come.”
Adelina Peltea, COO at Homerun remarked:
“Homerun, which offers SMBs a software for managing their hiring process, is making a few million in ARR and is preparing to raise Series A this year. We wanted a way to fuel our growth without having to wait for the Series A funds, and Capchase seemed like an easy-to-use solution. It’s a hassle free alternative to bank loans, and an equity free alternative or complement, to VC money. And I have to say that since UX is big in what we are building, it’s also nice to have funding with a great UX!”
To find out more about Capchase, and the Earn or Grow (revenue financing) products, check here.