Almabase repays 1.4x cap over three years for revenue-based financing
Kalyan Varma · Almabase Hits $1.1m Revenue Helping Universities Manage Alumni Donations · Nov 18, 2020 · at 9:43
Kalyan Varma, founder and CEO of Almabase, explains the repayment terms and cost of capital for their revenue-based financing deal with Lighter Capital.
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“So we are doing it at 40% you know, over three years. So for example, if we raise a hundred K, we're repaying 140 K and the way the repayment works is it's a cut or it's a percentage of monthly cash receipt, right?”
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