Monday, September 26, 2022
Google search engine
HomeFinTechCapchase Fintech Raises $400 Million To Finance Debt To Its customers!

Capchase Fintech Raises $400 Million To Finance Debt To Its customers!

U.S.-Spanish fintech Capchase (website), which is dedicated to financing other SaaS (software-as-a-service) startups in the growth phase and with recurring revenues, has expanded its capacity to provide debt financing to its clients by $400 million (€397 million) after extending its existing partnership with i80 Group (website) and establishing a new partnership with an international banking group, whose identity it has not disclosed.

“The €400 million in debt financing will be used to provide committed capital support for the company’s current and future clients and to diversify current product offerings,” Capchase co-founder and CEO Miguel Fernandez. Following this extension in its debt facility, the company is poised to deploy more than $1 billion to SaaS companies over the next few years as the startups look to extend their presence and avoid a downturn in a currently uncertain market.

The news comes four months after the fintech closed an $80 million round of funding, in this case in equity, led by 01 Advisors. The deal, which brought the total financing raised by the company to $485 million (between debt and equity), also involved Seaya Ventures, QED, Caffeinated, Bling, Scifi, Thomvest Ventures, Tusk Venture Partners, Invesco and Gaingels.

Source

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -
Google search engine

Most Popular

Recent Comments