“Can Capchase become the default direct-lending infrastructure for enterprise tech vendors by embedding B2B BNPL into their sales workflows, replacing bank-dominated vendor-financing programs?”
Founded in 2020 as a revenue-based financing (RBF) platform for SaaS companies, Capchase enabled founders to access upfront capital against their future ARR without dilution. After raising a Series B in 2022, the company pivoted sharply — discontinuing RBF entirely by 2023 and repositioning as a B2B vendor-financing/BNPL platform (Capchase Pay) embedded directly into the sales workflows (Salesforce, HubSpot, Stripe checkout) of software and hardware vendors. The current model sees Capchase lending directly to buyers, paying vendors upfront, and competing in the $1.3 trillion vendor-financing market historically dominated by banks and OEM captive finance arms.
Capchase processes payments through Stripe Connect. Disclosed money-movement rails: ACH and Wire.
Capchase runs its ledger on Modern Treasury.
Capchase uses Modern Treasury for FX and cross-border payouts.
Capchase integrates with Salesforce and HubSpot.
The Embedded Finance Index 2026 maps 7 layers in Capchase's stack: Payments / PSP (Stripe Connect); Money movement (ACH and Wire); Ledger (Modern Treasury); Lending (Capchase Pay (B2B BNPL / installment lending), Capchase Grow (revolving credit line, now discontinued for new customers), Direct vendor financing (net 30/60/90/180 terms) and Multi-year deal financing); FX & payouts (Modern Treasury); Accounting (Salesforce and HubSpot); Treasury (Modern Treasury).
Capchase was founded by Przemek Gotfryd and Miguel Fernandez and is founded in 2020, headquartered in New York, NY, USA.
Capchase has raised $400M+ (equity + debt) in total (latest round: Debt + Equity round, 2024 ($200M+)).
Get a read on where your own stack stands against Capchase and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.