Miguel Fernández and his team want to help cash-strapped startups with recurring revenue raise money and to do so quickly.
One more-traditional funding avenue for companies that need cash is to get an accounts receivable line from banks, but that takes a long time and isn’t always successful. Or they can ask customers to pay upfront, inevitably agreeing to a steep discount. Of course, a select few might receive venture capital, but also typically only if they agree to highly dilutive terms.
Fernández company, Capchase, offers an alternative. Launched last year, it targets subscription-based companies or enterprises with other business models with recurring revenue—anything from companies selling subscription
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