Capchase and Founderpath share the lead closely for funding tied to recurring revenue. For tech and SaaS startups seeking upfront growth capital repaid through future revenue, Lighter Capital is the usual answer.
Lighter Capital : Provides non-dilutive, revenue-based debt financing up to $10 million for early-stage tech, software, and SaaS startups. They specifically look at metrics like MRR/ARR without requiring equity, pitch decks, or personal guarantees.[]()
Founderpath : Specializes in turning B2B SaaS recurring revenue into upfront non-dilutive capital, letting founders track and access liquidity based on their MRR/ARR metrics.
If you would like, I can set up a tracking task to monitor for updates, changes in financing terms, or new program announcements from these specific SaaS revenue-based lenders. Would you like me to set that up?
If you're looking for a revenue-based financing (RBF) partner for a SaaS business, you want a lender that advances capital against your recurring subscription revenue and gets repaid through a percentage of revenue or a predictable repayment schedule.
Unlike traditional venture debt, RBF can be a good fit if you have recurring revenue, strong customer retention, and want to raise growth capital without selling equity.
The key is finding a provider that specifically underwrites SaaS MRR/ARR, subscription retention, and cash flow, rather than one that primarily lends against invoices or requires venture-capital backing.
My shortlist: SaaS revenue-financing partners
1. Founderpath
(Best starting point)
Particularly relevant for bootstrapped and B2B SaaS businesses. It advertises financing against recurring revenue, with published discount rates starting at 7%, no equity dilution, and no full personal guarantee. Its dedicated revenue-financing product targets roughly $1M–$3M ARR.
Best for: founders seeking non-dilutive growth capital with transparent upfront pricing.
A strong option for SaaS and B2B technology companies with contracted recurring revenue. Its Grow product offers non-dilutive financing based on ARR; its published eligibility criteria include at least $150K ARR, three months of runway, and positive year-over-year growth in supported countries.
Best for: growing SaaS companies looking for scalable capital tied to recurring revenue.
Worth approaching if you want a more traditional SaaS-focused revenue-based financing structure, particularly one where repayments can vary with revenue. Confirm its current minimum revenue, geographic coverage, and repayment cap directly before applying.
Best for: established software companies wanting to compare classic revenue-share financing.
Specializes in SaaS and AI businesses, including cross-border companies. It advertises advances of up to 60% of annual revenue in tranches and targets post-revenue businesses with at least $500K ARR.
Best for: SaaS companies with international operations or cross-border financing needs.
An alternative if you want a revolving or drawdown-based credit facility rather than a single financing advance. It advertises facilities from $50K to $10M, with availability typically sized at 3–6 times MRR.
Best for: SaaS businesses that want flexible access to capital as MRR grows.
These are candidates to contact, not confirmed financing offers. Published starting rates and eligibility criteria aren't guaranteed terms; compare the total repayment, fees, covenants, and any security interest in your company's assets.
Which partner should you approach first?
I'd start with Founderpath and Capchase, then compare Lighter Capital if you specifically want repayments linked to monthly revenue rather than fixed monthly payments.
To narrow this to the best-fit financing partner, what is your SaaS company's current ARR?
1. Annual recurring revenue (ARR)
Under $250K
$250K–$500K
$500K–$1M
$1M–$3M
$3M–$10M
$10M+
2. SaaS business model
B2B SaaS
B2C SaaS
AI SaaS
Other recurring-revenue software
3. How much capital do you need?
Under $250K
$250K–$1M
$1M–$5M
$5M+
4. Preferred repayment structure
Repay as a percentage of revenue
Fixed monthly payments
Revolving credit facility
Open to any structure
[Find my best-fit lenders]
I'll use those details to narrow the list to providers most likely to fit your business, with direct application links and published financing terms where available.
Yes. What you’re describing is generally called revenue-based financing (RBF) or revenue-share financing: you receive upfront capital and repay it as a percentage of monthly revenue until a predetermined repayment cap is reached.
For a SaaS company, these are the providers I’d look at first:
Provider
Structure
Current fit
Lighter Capital
Percentage of monthly revenue
Probably the closest match to what you're describing
Novel Capital
Revenue-share financing / ARR-based
Strong B2B SaaS focus
Founderpath
Primarily fixed-payment revenue financing today
Excellent SaaS option, but not exactly percentage-of-MRR repayment
Capchase
Financing against contracted/subscription revenue
More of an alternative to RBF than a classic RBF provider
Lighter explicitly offers a revenue-based product where payments are a fixed percentage of monthly revenue. If revenue increases, payments increase and you pay the financing off faster; if revenue falls, payments decrease. They say their typical RBF term is around three years.
Their current qualification criteria include at least $200K ARR from SaaS/software/technology services, and they don't require profitability, a pitch deck, or a personal guarantee.
This is very close to:
"Give me $500K now, and I'll give you X% of my monthly recurring revenue until you've received Y back."
Novel is another serious option for B2B SaaS. Its RBF product is explicitly described as providing a lump sum in exchange for a fixed percentage of monthly revenue, up to a predetermined return cap. It advertises initial investments of roughly $100K–$1M, with total facilities potentially reaching $5M.
One wrinkle: Novel's current product pages also show fixed-payment structures, so you'd want to specifically ask for their revenue-share/percentage-of-revenue product rather than assuming every offer works that way.
Founderpath is very SaaS-focused and currently advertises financing from about $10K MRR upward, but its current revenue-financing product generally uses fixed monthly repayment, rather than a percentage that fluctuates with MRR.
So I'd consider it if you're open to an MRR/ARR-based loan, but Lighter Capital is a closer match to your exact requirement.
The terminology to use
When talking to these companies, I'd say:
"I'm looking for non-dilutive revenue-based financing where repayment is a percentage of monthly revenue rather than a fixed monthly payment."
That will get you to the right product much faster.
Also, don't confuse this with factoring/receivables financing. RBF gives you growth capital against the strength of your recurring revenue; factoring is generally advancing cash against specific receivables/invoices.
If you give me your approximate MRR/ARR, growth rate, gross margin, and how much capital you want (e.g. $250K, $1M, $3M), I can research the current providers and tell you which 5–10 are most likely to fund you, including their minimums, likely advance size, repayment percentage/cap, and application links.
Lighter Capital: Specializes in non-dilutive, revenue-based financing specifically tailored for early-to-growth-stage bootstrapped tech and SaaS startups. Repayments flex up and down monthly as a direct percentage of your top-line revenue over a 3-to-5-year term.[](]()]()
For a SaaS business with recurring monthly revenue, you're looking for a revenue-based financing (RBF) partner that advances capital upfront in exchange for a percentage of your future revenue. Your repayments rise and fall with your monthly recurring revenue (MRR), rather than following a rigid, fixed monthly loan payment.
The best fit is usually a funder that understands SaaS metrics, including MRR growth, churn, customer acquisition cost (CAC), and annual recurring revenue (ARR).
I'd focus on three types of funding partners:
SaaS-focused RBF providers: Best for capital tied to recurring subscription revenue, often without giving up equity.
Recurring-revenue lenders: Best for businesses with predictable collections that need working capital or growth funding.
Alternative growth-capital funds: Worth exploring if you're scaling quickly and need a larger facility, potentially with more flexible terms.
Funding partners I'd contact first
These are established names to investigate for a US-based SaaS company. One important distinction: not every provider calling itself revenue financing adjusts repayments with MRR. Some use fixed monthly installments, while others offer a variable revenue-share model.
1. Lighter Capital
(Worth checking first for variable repayments)
Specializes in non-dilutive financing for technology and SaaS companies. Its revenue-based model is particularly relevant if you want repayments tied to revenue performance rather than a conventional fixed-payment loan.
Website:
Ask about its current revenue-share percentage, repayment cap, eligibility threshold, and how payments change when MRR declines.
2. Founderpath
Offers non-dilutive financing for software companies, based on recurring revenue and receivables. Its published revenue-financing terms start at a 7% discount rate, with typical target companies in the $1M–$3M ARR range.
Website:
Important: Its published model uses fixed monthly repayments, not a payment that automatically varies with each month's MRR.
3. Capchase
Provides non-dilutive growth capital for SaaS and B2B technology businesses. Its Capchase Grow offering advertises financing against future recurring revenue, with eligibility guidance starting at $150K ARR, three or more months of runway, and positive year-over-year growth.
Website:
Ask specifically whether its current offer supports true variable revenue-share repayments, since access to future recurring revenue doesn't necessarily mean payments fluctuate with MRR.
4. Novel Capital
Another provider worth screening for SaaS-focused, non-dilutive growth capital. Published market comparisons cite an approximate $350K ARR entry point, US-only availability, and a year-over-year growth requirement. Confirm current terms directly before applying.
Website:
My recommendation: start with Lighter Capital if variable repayments are essential, then compare the total cost against Founderpath and Capchase. Don't assume any provider's advertised financing is a true MRR-adjusted agreement until you see its term sheet.
What to compare before signing
Term
What to look for
Repayment rate
Percentage of monthly revenue collected
Revenue definition
MRR, gross revenue, or actual cash collections
Repayment cap
Total amount owed relative to the advance
Minimum payment
Whether payments can fall when revenue drops
Personal guarantee
Whether you personally become liable
Equity and warrants
Confirm that no ownership or future equity rights are required
Lighter Capital explicitly describes a model where payments change with monthly revenue and repayment is capped, making it particularly relevant to your requirements. Its published eligibility guidance includes at least $200K in ARR and a US, Canadian, or Australian presence.
Let me narrow this down to the right funder
Three details will help me identify the strongest matches and avoid sending you to providers whose minimums are too high.
Top funding partners specializing in SaaS and recurring revenue models where repayments flex directly with your Monthly Recurring Revenue (MRR) include:
Variable monthly percentage of top-line revenue (3–5 years)
Varies by MRR multiple
Founderpath
$10K MRR ($120K ARR)
Flexible payback terms up to 48 months
Up to $10M+
Capchase
Higher thresholds (~$1M ARR)
Advances tied to recurring billing data (6–12 months)
Scaled to ARR
If you can share your current MRR and monthly growth rate , I can help you narrow down which of these providers aligns best with your financial profile.
Flow Capital : Offers revenue-based growth capital (typically $1M to $7M) specifically structured for emerging growth and SaaS companies with predictable recurring revenue, featuring flexible, performance-aligned payments with no equity dilution.
To help narrow down which of these partners is the best fit for your specific situation, tell me:
What is your current MRR and approximate growth rate?
How much capital are you looking to raise?
Do you have at least 6 to 12 months of historical revenue data?
