Capchase (capchase.com), a B2B vendor financing platform, has raised $200M in debt financing. The platform enables tech vendors to offer flexible payment terms to buyers while receiving full upfront payment, powered by AI underwriting that completes 97% of decisions in under 30 seconds and embeds in Salesforce workflows. The capital will scale its lending infrastructure and AI capabilities.
Vendor Financing Demand Accelerates
The timing aligns with accelerating demand for non-dilutive capital in enterprise tech. Competitors like Pipe raised over $400M and Clearco secured $775M. Capchase differentiates by acting as both lender and embedded infrastructure, targeting B2B software and hardware vendors directly.
Legacy Bank Processes Create Deal Friction
Traditional bank financing takes 4 to 17 days for approvals, often killing enterprise deals. Capchase addresses this with instant decisions using CRM and public data, replacing manual 8-hour processes. The $1.3 trillion vendor and equipment financing market shows the scale of opportunity, with over 90% of cybersecurity spending flowing through channel partners.
AI-Native Platform Replaces Banks
Capchase Pay provides B2B buy-now-pay-later for vendors, paying them upfront while buyers pay in installments. The Salesforce-native tools and new Agentic Lending Coordinator AI enable real-time collaboration. As one report noted, "AI is what makes the combination work at the speed enterprise tech sales demands."
"Buyers want to pay as late as possible. We shipped a product to solve that exact need."
Growth Capital from Fintech Specialists
01 Advisors led the $26M equity portion alongside Caffeinated Capital, Thomvest Ventures, and Invesco. The syndicate brings expertise in SaaS and enterprise software, validating Capchase's pivot from revenue-based financing to vendor-specific solutions. This follows prior rounds including a $125M Series A in 2021.
B2B BNPL Market Heads to $466B by 2030
The revenue-based financing market is projected to grow from $9.77B in 2025 to $15.86B in 2026 at 62.2% CAGR. B2B BNPL gross merchandise value is expected to reach $466.6B by 2030. Capchase's $2B+ financing volume and partnerships with firms like Barracuda position it in this expanding space.
Workforce Expansion and Product Momentum
The company grew from 50 to 75 employees and acquired Vartana in 2025. It now serves over 10,000 B2B customers across nine countries with 50,000+ transactions managed and 100% on-time vendor payouts in 2025.