Capchase has announced its expansion into Germany.
Based in New York City, Capchase provides debt capital to SaaS companies. The company reports that since launching in 2020, it has worked with 3,000 customers, providing over $1.5 billion in funding available.
Miguel Fernandez, co-founder and CEO of Capchase, said that since their launch, they have seen huge interest in growth capital that is fast and flexible, and complementary to venture capital.
“We are pleased to partner with founders and companies living in Germany and to provide scalable, non-dilutive financing to help them achieve their growth potential faster.”
Capchase noted that Germany is the second largest market in Europe and one of the top hubs for startups with €19.7 billion invested into startups last year. Capchase believes that Germany is expected to boom over the next several years.
Capchase said that startups are looking beyond venture capital for money and application rates for their service doubled from April to September.
Frank Bertele, general manager Germany at Capchase, commented:
“As entrepreneurs, we feel the pain of other entrepreneurs when it comes to financing and growing their business. This is where we want to help. With Capchase you are not just getting capital tailored to your needs at attractive rates, but a genuine partner who helps you grow.”