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Alternative Lending Internet-First Revenue-Based Financing sector

Strategic acquirers, private equity (buyout funds and growth funds) firms, and valuation benchmarks for Alternative Lending Internet-First Revenue-Based Financing

1.1 - About Alternative Lending Internet-First Revenue-Based Financing sector

Companies in the Alternative Lending Internet-First Revenue-Based Financing category provide non-dilutive capital advances repaid as a fixed share of future online sales or subscription revenues. They serve digital merchants by connecting to storefronts and payment processors to underwrite quickly, fund within days, and automate remittances. The model finances marketing, inventory, and expansion while aligning repayments to cash inflows, offering transparent pricing and flexible terms without equity dilution.

These companies offer revenue-based financing facilities, online merchant cash advances, revolving growth lines, and inventory financing tied to sales velocity. They integrate with Shopify, Amazon, Stripe, PayPal, and subscription billing systems to ingest real-time performance data for algorithmic underwriting. Customer portals and APIs enable instant offers, contract execution, and repayment tracking, while payment-splitting rails automate collections. Risk analytics, KYC/AML, and dynamic pricing calibrate limits and fees.

Primary customers include e-commerce brands, DTC retailers, SaaS vendors, and online marketplaces. Outcomes include faster access to working capital, reduced equity dilution, smoother cash flow via revenue-aligned repayments, and financed ad spend and inventory ahead of peak seasons. Strategic buyers in internet-first revenue-based financing look for embedded capital partnerships with platforms, lower loss ratios through differentiated data models, and expansion into new merchant segments.

2. Buyers in the Alternative Lending Internet-First Revenue-Based Financing sector

2.1 Top strategic acquirers of Alternative Lending Internet-First Revenue-Based Financing companies

Capchase Logo

Capchase

HQ: United States Website
  • Description: Provider of an embedded vendor financing platform that lets software and tech-equipment vendors offer flexible payment terms—monthly, quarterly or net—while receiving full upfront payment, enabling faster deal approvals, automated workflows, real-time program data and operation across nine countries.
  • Key Products:
  • Capchase Vendor Financing Platform: Cloud platform enabling vendors to embed financing, offer flexible terms, secure buyer approvals, receive upfront payment, and automate offer configuration and tracking for faster closures
  • Capchase Pay: Embedded financing solution letting customers pay over time while vendors receive upfront payment, boosting sales velocity with flexible terms for B2B software and hardware deals
  • Live Buyer Tracking: Real-time tracking feature providing step-by-step visibility into buyer payment link actions—opened, company details added, payment method added, agreements signed—enabling timely seller intervention to close deals
  • Slack & Salesforce Workflow Integrations: Integrations sending financing alerts like buyer qualification results to Slack and enabling support ticket submission within Capchase or Salesforce, boosting responsiveness and workflow efficiency
  • Company type: Private company
  • Employees: ●●●●●
  • Total funding raised: $●●●m
  • Backers: ●●●●●●●●●●
  • Acquisitions: ●●
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2.2 - Strategic buyer groups for Alternative Lending Internet-First Revenue-Based Financing sector

Description: Companies in the Alternative Lending Digital Working Capital Platforms category provide internet-first financing solutions that deliver fast, flexible working capital to small and mid-sized businesses. They underwrite using real-time commerce, banking, and payments data to extend short-term funding with dynamic repayment tied to revenue. The value proposition centers on speed of approval, transparent terms, and embedded access where merchants already operate.
October

October

Website HQ: France
  • Type: N/A
  • Employees: ●●●●●
  • Description: Provider of a pan-European fintech platform that democratizes business financing by embedding lending capabilities into partner websites, apps and workflows. October enables third-party organizations to offer instant SME loans through customizable landing pages, APIs or fully integrated solutions powered by algorithms and machine-learning credit assessments.
  • Key Products:
  • Custom Entry Point: Provides partners with a customizable landing page embedded in their site or app that lets customers start a loan application with one click from an e-commerce or marketplace environment
  • Embedded Lending APIs: Offers one-time API integration so partners embed October’s loan workflow inside existing systems, letting users complete applications without leaving the native platform and boosting conversion
  • Full Integration Lending Platform: Delivers end-to-end credit processing within the partner environment, using ML algorithms that analyse financial statements and bank transactions to determine credit terms and fund loans
  • Instant Business Loans Service: Enables partner customers to complete an online application in one minute, receive a definitive decision within 48 hours and obtain funds in their bank account within a week.
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Key Products: ████████, ████████, ████████, ████████
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Buyer group 3: ████████ ████████

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Key Products: ████████, ████████, ████████, ████████
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3. Investors and private equity firms in Alternative Lending Internet-First Revenue-Based Financing sector

3.1 - Buyout funds in the Alternative Lending Internet-First Revenue-Based Financing sector

Buyout Funds investing in Alternative Lending Internet-First Revenue-Based Financing companies

51+ funds
Description: Buyout funds focused on Alternative Lending Internet-First Revenue-Based Financing companies globally.

Motive Partners

Website HQ: United States
  • Type: Buyout
  • Fund Size: $●●●m
  • Investment Range: $●●-●●●m
  • Focus: Technology companies in Alternative Lending Internet-First Revenue-Based Financing
  • Relevant M&A transactions / similar portfolio companies:
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2.2 - Strategic buyer groups for Alternative Lending Internet-First Revenue-Based Financing sector

Growth Equity Funds in Alternative Lending Internet-First Revenue-Based Financing companies

41+ funds
Description: Growth equity funds focused on Alternative Lending Internet-First Revenue-Based Financing companies globally.

Partech

Website HQ: France
  • Type: Growth
  • Fund Size: $●●●m
  • Investment Range: $●●-●●●m
  • Focus: High-growth companies in Alternative Lending Internet-First Revenue-Based Financing
  • Relevant investments / similar portfolio companies:
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4 - Top valuation comps for Alternative Lending Internet-First Revenue-Based Financing companies

4.2 - Public trading comparable groups for Alternative Lending Internet-First Revenue-Based Financing sector

Valuation benchmark group 1: Nonbank Credit and Collections Companies

6 companies View group →
Description: Companies in this trading comparable group are nonbank specialty finance providers focused on credit origination and recovery. Business models span purchasing charged‑off receivables, contingent and early‑stage collections, lease‑to‑own consumer financing, pawn lending, and asset‑based and venture loans. They are comparable because revenue is driven by yields on finance receivables and cash recoveries, with similar regulatory exposure, portfolio risk profiles, and capital intensity.
Intrum logo

Intrum

  • Enterprise value: $●●●m
  • Market Cap: $●●●m
  • EV/Revenue: ●.●x
  • EV/EBITDA: ●●.●x
  • Description: Provider of credit management services, offering solutions for debt collection, credit optimization, and financial services to improve cash flow and long-term profitability for businesses across Europe.
  • Key Products:
  • Debt Collection: Services for recovering outstanding debts and improving cash flow
  • Credit Optimization: Services including credit monitoring, credit decision-making, and factoring
  • Payment Management: Solutions for payment processing and collection management
  • Portfolio Investments: Purchasing and managing overdue debt portfolios
  • Strategic Markets: Customized credit management solutions tailored for specific markets
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Revenue growth
Median
15.7%
2025E
16.0%
2026E
EBITDA margin
Median
28.2%
2025E
28.6%
2026E
Cash EBITDA margin
Median
27.6%
2025E
28.0%
2026E
EV/Revenue
Median
8.4x
2025E
6.8x
2026E
EV/EBITDA
Median
28.9x
2025E
24.4x
2026E
EV/Cash EBITDA
Median
29.0x
2025E
25.5x
2026E
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4.3 - M&A Transactions in the Alternative Lending Internet-First Revenue-Based Financing sector

Selected M&A transactions

Date Target Description Buyer(s) Relevance EV EV/Revenue EV/EBITDA
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Frequently Asked Questions

Buyers & Acquirers in Alternative Lending Internet-First Revenue-Based Financing sector

Who are the top strategic acquirers of Alternative Lending Internet-First Revenue-Based Financing companies?

Top strategic buyers in this sector include Capchase, a provider of an embedded vendor financing platform that lets software and tech-equipment vendors offer flexible payment terms—monthly, quarterly or net—while receiving full upfront payment, enabling faster deal approvals, automated workflows, real-time program data and operation across nine countries. .

Which buyer groups are most relevant for Alternative Lending Internet-First Revenue-Based Financing companies?

Relevant strategic buyer groups similar to the Alternative Lending Internet-First Revenue-Based Financing sector include Internet First Working Capital Financing because they share similar customer segments and product capabilities.

Financial Investors in Alternative Lending Internet-First Revenue-Based Financing sector

Which are the top PE firms investing in Alternative Lending Internet-First Revenue-Based Financing companies?

Potential investors in the broader Alternative Lending Internet-First Revenue-Based Financing space include Partech and Motive Partners.

Who are the top buyout funds acquiring Alternative Lending Internet-First Revenue-Based Financing companies?

Active PE funds and buyout funds acquiring companies in the Alternative Lending Internet-First Revenue-Based Financing space include Motive Partners.

Who are the top growth equity funds investing in Alternative Lending Internet-First Revenue-Based Financing companies?

Growth funds investing in the broader Alternative Lending Internet-First Revenue-Based Financing sector include Partech.

Valuation of Companies in Alternative Lending Internet-First Revenue-Based Financing sector

Which are the key public companies that are relevant trading comps for Alternative Lending Internet-First Revenue-Based Financing companies?

Key trading comparable groups include Intrum, a provider of credit management services, offering solutions for debt collection, credit optimization, and financial services to improve cash flow and long-term profitability for businesses across europe..

Which are the key trading comparable groups for Alternative Lending Internet-First Revenue-Based Financing companies?

Similar trading comparable companies include Nonbank Credit and Collections Companies. Our platform tracks detailed trading comparable groups in the Alternative Lending Internet-First Revenue-Based Financing sector with complete valuation multiples, growth metrics, and profitability data. Access the full database to benchmark your company against relevant public comparables.

What are recent M&A transactions in the Alternative Lending Internet-First Revenue-Based Financing sector?

Our platform tracks M&A transactions in the Alternative Lending Internet-First Revenue-Based Financing sector with complete deal terms, valuation multiples, and strategic rationale. Access the full database to benchmark pricing and identify active acquirers.

What are recent capital raises and funding rounds in Alternative Lending Internet-First Revenue-Based Financing?

Access recent funding rounds in the Alternative Lending Internet-First Revenue-Based Financing sector including growth equity, venture capital, and buyout investments. Our database includes round size, lead investors, valuations, and use of proceeds.

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