Capchase, a leading provider of non-dilutive capital for recurring revenue businesses, has announced its expansion into the Netherlands and Belgium.
The move follows Capchase’s expansion into the Nordic region last month, bolstering headcount in Finland, Sweden and Denmark.
Capchase saw strong growth in 2021, having made $1.6 billion available to entrepreneurs throughout the year. Europe has grown rapidly and now accounts for 25% of Capchase’s business, having worked with hundreds of companies since its launch six months ago.
Capchase has already provided growth capital to a range of leading companies in these regions, across SMB SaaS and enterprise SaaS, as well as consumer subscription businesses. Clients include Homerun (HR technology platform), Owlin (news analytics) and more.
Capchase offers a range of non-dilutive financing products for businesses with recurring revenue. This allows founders to quickly access growth capital without giving up capital. He recently announced one of the industry’s first alternatives for startups looking to monetize their idle money, called Capchase Earn. The product generates an APR of 1.5% and allows companies to significantly reduce their overall cost of capital. It allows startups with spare cash reserves from sources such as a recent fundraising round to offset the rates of Capchase’s other funding products.
Henrik Grim, MD Europe at Capchase, said: “The expansion into the Benelux region is the latest in a series of major milestones for Capchase in an incredibly short period of time. The region is experiencing an unprecedented boom in the influx of capital and talent into the tech sector, and there is a growing number of startups that are uniquely positioned to take advantage of Capchase’s flexible funding options.
“European technology has never been so successful. However, the growth capital options available to founders remain limited. Our suite of products, including Capchase Earn, offers founders a new, cost-effective way to achieve their ambitions. That’s why, in six months of operations in Europe, we’ve already made hundreds of millions available in funding for hundreds of startups, and believe these numbers will continue to accelerate in the months to come.
Adelina Peltea, COO at Homerun, said, “Homerun, which offers software for SMBs to manage their hiring process, is earning a few million in ARR and preparing to raise Series A this year. We wanted a way to fuel our growth without having to wait for Series A funds, and Capchase seemed like an easy-to-use solution. It is a hassle-free alternative to bank loans and a capital-free alternative or supplement to venture capital money. And I have to say, since UX is important in what we build, it’s also good to have funding with great UX!”