Capchase, a vendor financing platform and lender for enterprise technology companies, has announced more than $200m in incremental funding to expand its embedded financing infrastructure and roll out additional AI-powered capabilities.
The raise combines debt warehouse facilities and equity from institutional investors.
With business-to-business buyers increasingly subject to tighter budgets and heightened scrutiny on large upfront expenditures, demand for flexible financing solutions is accelerating, it said.
The $1.3trn vendor financing market has historically been controlled by banks and traditional lenders relying on manual processes, including multi-thread email chains and document reviews for underwriting. Capchase replaces these workflows by embedding its financing technology directly into sales tools such as Salesforce. The platform is capable of vetting and decisioning 97% of lending applications in under 30 seconds.
Capchase positions itself as the only platform that functions simultaneously as both the lender and the lending infrastructure. Unlike banks, which hold capital but lack speed and software, and software or point-of-sale partners that do not lend directly, Capchase offers both at the pace of modern technology sales.
The company’s AI capabilities underpin core platform functions including underwriting, proposals, purchase order generation, and deal management workflows.
Alongside the funding announcement, Capchase has also launched a new AI-native product: an Agentic Lending Coordinator that collects quotes, purchase orders, emails, and other documents before converting them into an executable loan package. The tool also manages multi-party collaboration between vendors, partners, and buyers from package review through to signing. Since its beta launch, customers have seen what was previously an eight-hour process condensed into a 60-second automation.
Founded in 2020, Capchase serves enterprise technology companies and channel partners including Barracuda, Verkada, Motive, Okta, Datarails, CDW, Netradyne, and Insight.
Capchase CEO and co-founder Miguel Fernandez said, “Traditional financing lenders have capital but lack technology, speed, and scale. By becoming both the lender and the infrastructure for vendor financing, we’re making it a growth lever for sales teams, rather than a bottleneck.”
Barracuda Networks chief revenue officer Geoff Waters said, “For a cybersecurity company like Barracuda, the ability to offer customers flexible subscription financing, with and through our partner ecosystem — without the delays of traditional lenders — directly translates to faster deal cycles and stronger customer relationships. Capchase has become a genuine competitive advantage for our channel.”
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