July 20, 2021 @ 9:06 pm By Priyanka Pani
Over the last few months, platforms that have been providing non-dilutive financing or revenue-based financing are attracting several large venture capital firms globally. One such platform is US-based fintech
Capchase that has raised $280 million in debt and equity funding from i80 Group. The Spanish-American startup had raised around $125 million in June, which shows the rising interest among investors to back such platforms.
The startup will use the funds to support the launch of a buy-now-pay-later (BNPL) product that lets users split major expenses over time.
Founded in 2020, Capchase helps companies unlock tied-up cash in future predictable revenue payments. With the fresh funds in the kitty, Capchase also plans to expand beyond its current US, UK, and Spain markets to other European countries.