Capchase, a number one supplier of non-dilutive financing to SaaS firms, has introduced a partnership with Sastrify, the worldwide automated SaaS procurement platform, to supply a “Save Now, Pay Later” program to high-growth clients.
This program will allow Sastrify’s clients to increase their runways, slicing their SaaS and cloud prices by as much as 30% of their yearly licenses, whereas sustaining versatile fee phrases.
Via “Save Now, Pay Later”, Capchase funds SaaS subscriptions bought by Sastrify, permitting firms to get pleasure from their yearly or multi-year licenses with a major low cost, whereas additionally deferring their fee to month-to-month or quarterly instalments thereby avoiding a big upfront funding. Sastrify’s ROI constructive assure means firms can spend money on their development whereas extending their runways with a low-risk financing answer.
With Sastrify, firms reminiscent of worldwide grocery supply supplier, Gorillas, have saved over seven-figures on their SaaS prices.
This partnership follows a collection of current bulletins for Capchase. It secured $400m in debt financing in July, and expanded its platform with the launch of Capchase Analytics, in addition to agreeing partnerships with main monetary infrastructure platform Stripe and finance automation platform Ramp within the final 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, mentioned: “Our partnership with Sastrify is a vital a part of our mission to assist modern SaaS firms develop through the use of our non-dilutive financing choices.”
“Various finance has an important function to play in providing quick and versatile financing options that may help companies, particularly throughout tough financial instances. By working with Sastrify, we can assist many firms considerably cut back their SaaS and cloud prices and to pay for these merchandise on their phrases. Not solely will this allow them to increase their runways, it’s going to help the broader SaaS business by offering these startups with extra monetary certainty.”
Sven Lackinger, Sastrify’s CEO and co-Founder, mentioned:“The present financial local weather requires that cost-savings and effectivity are high of thoughts for everybody. Our partnership with Capchase displays our dedication to making sure that firms save money and time on their SaaS, liberating them as much as run their companies and develop quicker.”