Brazilian fintech company Scalable, closed a $3.9M debt financing from SRM Ventures.
Scalable provides credit offers for SaaS startups to achieve sustainable growth while retaining their equity through a revenue-based financing model.Once its segmented product for SaaS startups develops fully, Scalable will extend its solutions to the entire market.
The funds will be used to finance Scalable clients, enabling them to secure capital and expand their businesses.
“Our goal is to assist SaaS startup founders in reaching their growth objectives while retaining their equity, which is their most valuable asset. Therefore, we have established a revenue-based financing model that enables entrepreneurs to grow their businesses sustainably. We are thrilled about our influence on the market and our support of the next generation of entrepreneurial leaders in Brazil,” said Marcelo Bragaglia, CEO of Scalable.
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