Grasshopper, a client-first digital bank, is tailored for the business and innovation economy. Capchase, on the other hand, specializes in non-dilutive, revenue-based financing solutions. These two companies have recently formed a partnership.
The reason behind this collaboration is to leverage Grasshopper’s banking platform to provide Capchase’s innovative financing options. This alliance is aimed at benefiting Grasshopper’s SaaS clients with Accelerator Checking accounts, by giving them access to Capchase’s unique financial services.
Grasshopper stands out as a digital bank focused on serving the business and innovation economy. It offers digital banking experiences specially designed for startups.
Capchase, in this partnership, brings its expertise in providing financial solutions to the table. It offers non-dilutive, revenue-based financing through Capchase Grow and flexible payment solutions for SaaS vendors through Capchase Pay. These services are now integrated into Grasshopper’s partner marketplace, which includes other services like Ramp corporate cards and startup business insurance.
Grasshopper CEO Mike Butler said, “At Grasshopper, our mission is to serve the business and innovation economy. Supporting startups with an excellent digital banking experience is a big part of that commitment, and our goal is to ensure we have a wide variety of solutions in place to meet their needs.”
Capchase Co-Founder and CEO Miguel Fernandez said, “Current macroeconomic conditions have made it increasingly difficult for startups and founders to secure the capital they need to scale their businesses. Our partnership with Grasshopper makes it easy for SaaS startups to access non-dilutive, revenue-based financing through the bank’s marketplace, which is especially valuable in today’s challenging funding environment.”
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