In the dynamic world of finance and technology, innovative partnerships are paving the way for a new era of banking solutions tailored to high-growth companies’ evolving needs. The recent collaboration between Capchase and BBVA Spark marks a significant milestone in this journey, promising to redefine the financial services landscape for technology businesses. This partnership stands out not just for its technological prowess but for the shared vision of its architects, aimed at fostering growth and innovation within the startup ecosystem.
We’re excited to announce a new partnership with @BBVAspark, as well as the launch of #CapchaseInfra, our new lending solution for banks and other institutions 🏦 Using our technology, lenders can now speed up credit decisioning and offer flexible financing at an earlier stage.… pic.twitter.com/Sj2i5GcBpo
At the heart of this alliance is integrating Capchase’s cutting-edge technology with BBVA Spark’s banking services, facilitated through seamless API connections. This collaboration leverages innovative technologies such as open banking and live connections to ERPs (financial management software) or electronic invoicing sources, thus speeding up decision-making processes and ensuring that financing solutions are effectively aligned with the specific needs of companies. What sets this partnership apart is its focus on companies with recurring revenue models, such as SaaS or subscription-based businesses, providing validated and accessible financial products in Spain through BBVA Spark’s online banking platform.
Empowering Startups with Capchase Infra
Introducing #CapchaseInfra: We’re extending our lending experience from working with +5,000 tech companies to accelerate the lending roadmaps of banks and other institutions.
Our trusted technology automates data collection, provides underwriting results in under 48 hours, and… pic.twitter.com/uzKVxekmav
The technology underpinning this program, Capchase Infra, is a testament to Capchase’s commitment to innovation and its mission to increase access to capital for startups. Launched formally as part of this partnership, Capchase Infra is a new lending infrastructure solution, marking a significant advancement in underwriting technology designed to cater to a broader range of companies. Miguel Fernández, CEO and Co-Founder of Capchase, encapsulates the spirit of this mission, stating, “Increasing access to capital for startups was a primary goal when Capchase launched in 2020, and the introduction of our infrastructure product is the result of the team’s dedication to refining our underwriting technology to serve more companies.”
A Commitment to Innovation and Growth
This partnership is not merely a business arrangement; it reflects a more profound commitment to innovation and support for high-growth technology businesses.Roberto Albaladejo, Head of BBVA Spark, highlights the forward-looking nature of this collaboration, emphasising its role in enhancing BBVA’s comprehensive financial services and its dedication to fostering strategic collaborations that underscore the bank’s commitment to innovation.
The Human Story Behind the Partnership
Beyond this partnership’s technical and strategic implications lies a story of human endeavour and the relentless pursuit of growth. Founded in 2020 and headquartered in NYC, Capchase has swiftly emerged as a beacon of support for the SaaS industry, providing more than $2 billion in funding and aiding over 5,000 businesses in their growth journeys. Recognised as one of Fast Company’s Most Innovative Companies and Forbes’ Next Billion Dollar Startups in 2023, Capchase’s achievements speak volumes about the potential of innovative financing solutions to empower businesses.
Conclusion
The collaboration between Capchase and BBVA Spark is not just a business development; it’s a harbinger of change, signalling a shift towards more accessible, flexible, and innovative financial solutions for high-growth companies. It exemplifies how technology and finance can come together to create ecosystems that support and accelerate startups’ growth, enabling them to navigate the complexities of the financial world with greater ease and confidence.
