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.

Tags: