CAPCHASE PARTNERS WITH SASTRIFY TO OFFER ‘SAVE NOW, PAY LATER’ PROGRAM
Capchase, a leading provider of non-dilutive financing to SaaS companies, has announced a partnership with Sastrify, the global automated SaaS procurement platform, to offer a “Save Now, Pay Later” program to high-growth customers.
With the help of this program, Sastrify’s customers will be able to increase their runways while retaining flexible payment terms and reducing their SaaS and cloud expenditures by up to 30% in their yearly licenses.
Capchase finances SaaS subscriptions bought through Sastrify through “Save Now, Pay Later,” enabling businesses to take advantage of their annual or multi-year licenses at a significant discount while also deferring their payment to monthly or quarterly installments, avoiding a sizable upfront investment. Companies may invest in their growth while extending their runways with a low-risk financing solution thanks to Sastrify’s ROI-positive guarantee.
Companies like worldwide food delivery service Gorillas have saved over seven figures on their SaaS bills thanks to Sastrify.
Following a slew of recent announcements for Capchase, this alliance has been made. In addition to growing its platform with the introduction of Capchase Analytics and agreeing to collaborations with top financial infrastructure platforms Stripe and Ramp in the past two months, it obtained $400 million in debt financing in July. Already in 2022, Capchase inaugurated its new European headquarters in London and expanded to the Netherlands, Belgium, Finland, Sweden, and Denmark.
“Our partnership with Sastrify is an important part of our mission to help innovative SaaS companies grow by using our non-dilutive financing options.”
“Alternative finance has a vital role to play in offering fast and flexible financing solutions that can support businesses, especially during difficult economic times. By working with Sastrify, we will be able to help many companies significantly reduce their SaaS and cloud costs and pay for those products on their terms. Not only will this enable them to extend their runways, it will support the wider SaaS industry by providing these startups with more financial certainty.”
Miguel Fernandez, CEO and co-Founder, Capchase.
“The current economic climate requires that cost-savings and efficiency are top of mind for everyone. Our partnership with Capchase reflects our dedication to ensuring that companies save time and money on their SaaS, freeing them up to run their businesses and grow faster.”
Sven Lackinger, CEO and co-Founder, Sastrify’s.