CLEVELAND, April 18, 2016 /PRNewswire/ — River Capital Finance, a TruWest Company, announces the launch of their new business, River SaaS Capital. The company specializes in debt financing options for Software-as-a-Service (SaaS) companies located in the United States.
“With recent cloud based businesses growing at a rate of 36% compound annual growth rate, we realized that this is an emerging market that we need to be a part of,” says River SaaS Capital President Matt Kennedy. “I reached out to some of my peers with extensive technology and finance experience, developed a business model, and created the business. Our portfolio will consist of SaaS based companies who are looking for an alternative means of financing that differs from venture capitalists and banks. We have been formulating this idea for the past two years and are very happy to now finally go to market.”
River SaaS Capital’s focus is on the stability of the candidate company’s Average Monthly Recurring Revenue (MRR) and its ability to generate positive cash flow. Unlike venture capital funds, River SaaS Capital offers finance packages that do not demand equity in the SaaS business. River SaaS Capital also offers more flexible credit lines than traditional banks. The cornerstone goal of River SaaS Capital’s business model is to foster the continued financial growth of our customers over time.
River SaaS Capital is located in Westlake OH. If you are interested in learning more about River SaaS Capital or financing options, please visit www.riversaascapital.com or call 216-535-4115.
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