Capchase launches deposit account to help startups unlock economic and efficient capital


NEW YORK–(COMMERCIAL THREAD) – Capchase, a New York-based provider of non-dilutive capital for recurring income businesses, today announced the launch of Capchase Earn ™, an innovative account for fast-growing businesses that generates a 3% return and is designed to reduce the overall cost of capital. A one-of-a-kind solution, the latest product offering will support Capchase’s mission to accelerate the growth of high-potential businesses through better financial products.

Capchase Earn is designed to help startups fuel their growth and stay in control, by allowing otherwise unused cash, such as venture capital funding, to grow at an extremely competitive rate of 3%. For customers based in the United States, every dollar is protected by FDIC and DIF insurance, even beyond the standard amount of $ 250,000 covered by the FDIC.

When funds are combined with other Capchase financing products, businesses are able to significantly reduce their total cost of capital: Capchase Grow defers a business’s income to today, while Capchase Extend smooths out repayment of capital. significant expenses. For example, depositing $ 3 million in Capchase Earn would unlock $ 2 million in Capchase financing at a discount rate of 1.50%.

Miguel Fernandez, Co-Founder and CEO of Capchase said: “Capchase Earn will forever change the way businesses grow. By combining this account with our other income financing products, a business lifting an 18 month run can now go 2.5 times longer without slowing down at negligible cost. This is a game changer for the startup community and it’s yet another way Capchase works to help startups focus on building and growing first, not fundraising.

Diego Coria, Global Finance Manager at Nowports, a client who participated in the beta of the product for Capchase Earn, said: “Capchase Earn was a great option for us because the return helped us use the capital we didn’t have. had no immediate need. When you are fundraising, you have a lot of unused money in your bank. You have to act with this money, so that it starts to produce.

Capchase was launched in 2020 to help recurring income businesses secure growth capital that doesn’t dilute the ownership of their founders. By working with Capchase, companies can unlock cash that would otherwise be tied up in future subscription-based payments, allowing founders to either reinvest the initial capital in profitable growth initiatives or secure available cash to expand their lead. . In addition, Capchase also offers an expense financing solution that allows major expenses to be spread over time according to fixed repayment terms. When combined with Capchase’s leading programmatic finance solution, businesses can achieve faster growth while preserving cash flow.

As part of this launch, Capchase has partnered with BankProv, a future-ready commercial bank that offers adaptive and technological banking solutions to emerging markets, to deliver banking services. The 3% are subject to change depending on the borrower’s profile.

To learn more about Capchase and to register for Capchase Earn, please visit

About Capchase

Capchase is a platform for recurring income companies to secure non-dilutive capital. Founded in 2020 and headquartered in New York City, the company provides financing by reducing expected future cash flows to the present day, thereby extending an immediate line of credit. Companies that work with Capchase are able to obtain financing that is fast, flexible and does not dilute their equity.

About Bankprov

BankProv, operating legally as The Provident Bank, is a subsidiary of Provident Bancorp, Inc. (NASDAQ: PVBC). BankProv is a future-ready commercial bank for corporate clients, specializing in delivering adaptive and technological banking solutions to niche markets, including cryptocurrency, renewable energy, fintech and financial lending. enterprise value, with an emphasis on research fund loans.

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