Capchase, a provider of non-dilutive financing to SaaS companies, has announced a partnership with Sastrify, the global automated SaaS procurement platform, to offer a “Save Now, Pay Later” program to “high-growth” customers.
This program will “enable Sastrify’s customers to extend their runways, cutting their SaaS and cloud costs by up to 30% in their yearly licenses, while maintaining flexible payment terms.”
Through “Save Now, Pay Later”, Capchase finances SaaS subscriptions purchased through Sastrify, “allowing companies to enjoy their yearly or multi-year licenses with a significant discount, while also deferring their payment to monthly or quarterly installments thereby avoiding a large upfront investment.”
Sastrify’s ROI positive guarantee “means companies can invest in their growth while extending their runways with a low-risk financing solution.”
With Sastrify, companies such as international grocery delivery provider, Gorillas, “have saved over seven-figures on their SaaS costs.”
This partnership follows “a series of recent announcements for Capchase.” It secured $400m in debt financing in July, and “expanded its platform with the launch of Capchase Analytics, as well as agreeing partnerships with leading financial infrastructure platform Stripe and finance automation platform Ramp in the last two months.”
In 2022 already, Capchase has “expanded to the Netherlands, Belgium, Finland, Sweden and Denmark, and launched its new European headquarters in London.”
Miguel Fernandez, Capchase CEO and co-Founder, said:
“Our partnership with Sastrify is an important part of our mission to help innovative SaaS companies grow by using our non-dilutive financing options. Alternative finance has a vital role to play in offering fast and flexible financing solutions that can support businesses, especially during difficult economic times. By working with Sastrify, we will be able to help many companies significantly reduce their SaaS and cloud costs and to pay for those products on their terms. Not only will this enable them to extend their runways, it will support the wider SaaS industry by providing these startups with more financial certainty.”
Sven Lackinger, Sastrify’s CEO and co-Founder, said:
“The current economic climate requires that cost-savings and efficiency are top of mind for everyone. Our partnership with Capchase reflects our dedication to ensuring that companies save time and money on their SaaS, freeing them up to run their businesses and grow faster.”
Founded in 2020 by serial entrepreneurs Maximilian Messing and Sven Lackinger, Sastrify helps high growth companies “get the best deals when buying and renewing SaaS subscriptions.” Their platform “enables procurement, tech, and finance teams to work together seamlessly, benefitting from best in class buying processes, partnerships with the most popular SaaS vendors, and an ever-growing database of price benchmarks.”
With their new “Save Now Pay Later” offering, you only pay them after they’ve “saved your company more than our annual subscription.” Backed by FirstMark and HV Capital, they already “support hundreds of clients globally, including Gorillas, pleo, and Capchase.”