Revenue-Based Financing
定義
Revenue-based financing is a form of non-dilutive capital where a company repays an investor as a fixed percentage of its ongoing revenue until it has paid back a set multiple of the amount borrowed, rather than on a fixed monthly schedule.
資金調達における位置づけ
Founders with predictable recurring revenue use revenue-based financing to fund growth spend like marketing or inventory without giving up equity or taking on a rigid debt repayment schedule tied to a set date.
よくある質問
How is revenue-based financing different from venture debt?
Venture debt is a traditional term loan with fixed monthly payments and usually equity warrants attached. Revenue-based financing repayments flex with actual revenue, so a slow month means a smaller payment instead of a missed one.
What kind of company qualifies for revenue-based financing?
Lenders typically want consistent, recurring revenue, such as SaaS subscriptions or e-commerce sales, since the repayment amount depends directly on the top line staying predictable.