Capchase has secured $200 million in new financing, combining $26 million in equity with a $174 million credit facility led by 01 Advisors. The funding includes participation from Caffeinated Capital, Thomvest Ventures, and Invesco, among others. Founded in 2020, the New York-based company has pivoted from its original SaaS revenue-based financing model to become a vendor-financing technology platform.

The shift reflects market demand as enterprise buyers sought flexible payment terms amid rising interest rates and extending sales cycles. Capchase now offers B2B buy-now-pay-later solutions that let vendors receive immediate payment while buyers spread costs over time. This approach has driven 400% growth over the past year, with the company forecasting another 200% expansion ahead.

Capchase differentiates itself in the $1.3 trillion equipment financing market by replacing manual, email-driven processes with real-time AI automation. Its platform can generate payment links in under 60 seconds versus traditional eight-hour manual processes. The technology underwrites buyers and creates documentation in 30 seconds, addressing friction points that stall enterprise sales cycles.

The company now serves enterprise customers with billions in revenue, including Barracuda Networks and Palo Alto Networks. With its workforce growing to 75 employees, Capchase plans to expand beyond North America and Europe into Australia this year, targeting the global market opportunity for automated vendor financing solutions.