Capchase raises an additional $280 million in new debt and equity funding led by i80 Group.

Capchase, a Spanish founded, Cambridge, USA and Madrid, Spain-based startup selling financial products for SAAS companies, announced getting into a financing agreement for securing funds of $280 million.

The money is a combination of debt and equity with undisclosed split, and was provided by a group of investors led by i80 Group.

Capchase, founded in 2020 by Luis Basagoiti, Ignacio Moreno, Przemek Gotfryd and CEO Miguel Fernández, sells a financial product that provides credit against accounts receivables for SAAS companies with recurring revenues.

The company also announced the introduction of Capchase Expense Financing, a BNPL product which helps companies split large expenses over time, in fixed repayment terms. Customers can manage their largest expenses – such as legal bills, AWS hosting services, payroll and bonus payments, and recruitment fees, to name a few – against loans with fixed repayment terms in either 3, 6, 9, or 12-month increments.

Capchase closed a $125 million in Series A funding round led by QED Investors 6 weeks ago, in June 2021.