Capchase Bags $200M to Reinvent B2B Buy Now Pay Later
B2B fintech startup Capchase has closed a $200 million round made up of $26 million in equity and a $174 million credit facility, in a deal exclusively reported by Crunchbase News. The round was led by 01 Advisors, with participation from Caffeinated Capital, Thomvest Ventures, Scifi VC, Bling Capital, Invesco, and others.
The New York-based company has carved a sharp niche in the Capchase B2B buy now pay later space, embedding itself directly into the sales workflows of software vendors, OEMs, and cybersecurity providers. The model is straightforward: when a deal closes, Capchase pays the vendor in full upfront, while the buyer gets flexible payment terms sometimes stretched across five years. It is a clean fix for one of enterprise sales’ oldest headaches.
AI Is the Engine Powering Capchase’s Edge
What separates Capchase from the legacy players dominating the $1.3 trillion equipment financing market is speed, built on AI. Traditional financing approvals can drag on for up to 17 days. Capchase compresses that to seconds, using AI agents that parse purchase orders, auto-generate payment links, and coordinate between vendors, resellers, and buyers without any human input. The company says its Capchase B2B buy now pay later platform helped it grow 400% over the past 12 months, with another 200% growth projected for the year ahead.
Co-founder and CEO Miguel Fernandez told Crunchbase News that rising interest rates and longer sales cycles pushed buyers toward installment-based payments, creating exactly the opening Capchase needed. The average buyer on its platform holds roughly $80 million in annual revenue and has been operating for over 20 years a stable profile that has kept default rates impressively low.
Lead investor Adam Bain of 01 Advisors, a former Twitter sales chief, noted that traditional financiers “have never been forced to build real technology because their customers had nowhere else to go.” That gap is precisely where Capchase is winning. The fresh capital will fuel expansion into Australia and deepen its footprint across North America and Europe, where enterprise clients including Okta, Palo Alto Networks, and Barracuda Networks are already on board.
