The move is the latest milestone in Capchase’s expansion across Europe. In 2022 Capchase has expanded to the Netherlands, Belgium, Denmark, Sweden and Finland, and launched a European HQ in London.

Since launching in 2020, Capchase has worked with 3,000 customers, making over $1.5bn in funding available. Recently, Capchase announced $400 million in debt financing to provide committed capital support for both current and future Capchase customers, and to diversify current product offerings.

With startups increasingly looking outside of the VC world for financing, Capchase has seen monthly applications double from April to September of this year. The majority of Capchase customers put capital toward financing customer acquisition costs, key sales hires, and subscription expenses with the flexibility to only pay for the capital that they use. Additionally, all customers are paired with an individual Capchase Growth Advisor to help optimize their capital structure and increase growth efficiency.

Miguel Fernandez, Co-Founder and CEO of Capchase, said: "In today's economic environment, founders need new ways to fund their business. Since our inception, we have seen a huge appetite for growth capital that is fast, flexible and complementary to traditional funding methods like venture capital. We are pleased to partner with founders and companies living in Germany and to provide scalable, non-dilutive financing to help them achieve their growth potential, faster."

Europe is firmly positioned as a global tech player, with a record $100B of capital invested and 98 new unicorns in 2021. Germany is the second largest market in Europe and is considered one of the top hubs for startups in the world with €19.7 billion invested into startups last year alone. With recent announcements from the local government to mobilize €30 billion in local startups by 2030, the tech scene in Germany is expected to boom over the next several years.

With the new launch, Capchase will be able to provide German startups with its market-leading services including Capchase Grow and Capchase Analytics, and tailored financial insights through its Growth Advisor service. With Capchase Grow, companies with recurring revenues are able to have upfront access to future capital. Using Capchase Analytics, customers can view their key business information in real time, providing founders with visibility and help in making important financial decisions. The company has also developed CapScore™, a proprietary system that evaluates hundreds of data points, such as underwriting rates, growth, cash on hand, etc., and determines in near real-time a company's ability to repay a loan now and in the future.

Frank Bertele, General Manager Germany at Capchase, said: "As entrepreneurs, we feel the pain of other entrepreneurs when it comes to financing and growing their business. This is where we want to help. With Capchase you are not just getting capital tailored to your needs at attractive rates, but a genuine partner who helps you grow."

This news comes on the heels of several partnerships, including its recent integrations with Xero and Stripe. Capchase also recently released its first-ever SaaS Benchmark Report, which revealed several performance indicators of SaaS companies.