Capchase, a New York-based provider of non-dilutive capital, announced Capchase Analytics, a tool to help Software as a Service (SaaS) founders make real-time financial decisions based on their businesses' performance. Along with the launch of Capchase Analytics, the company revealed more than $400M in additional debt financing.
New York-based Capchase—which is no stranger to large debt raises—closed its largest debt round to date, locking up $400 million to provide funding to startups. The new round comes just about four months after the nondilutive capital provider raised an $80 million Series B, and almost a year after it closed a $280 million round.
The new funding will be used to help introduce the company’s new “buy now, pay later” feature, which allows companies to get money upfront for their largest expenses — such as payroll — and repay at a fixed rate in three-, six-, nine- or 12-month increments.