The startup operates a non-dilutive loan platform tailored for tech companies with predictable revenue, integrating seamlessly with financial systems like Xero and Stripe. This platform enables founders to apply for funding quickly and efficiently, addressing the challenge of accessing capital without equity dilution.
Funding
$640K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Innovative companies often face challenges accessing capital to fund and grow their businesses, leading to shareholder dilution. Traditional funding methods may not align with the needs of startups seeking non-dilutive financing options.
Solution
Kashcade provides a non-dilutive funding solution that allows companies to bring forward their Research and Development Tax Incentive (RDTI) refunds. Through an online platform, eligible companies can apply for and receive up to 80% of their accrued R&D refund in as little as 48 hours. This enables businesses to reinvest in R&D activities, extend their runway, and maximize their cash balance without monthly repayments or equity dilution. Kashcade's platform also offers financial analytics tools to track company performance, providing added value to its customers. Repayment is deferred until after the end of the financial year, aligning with the receipt of the RDTI refund from the ATO.
Target Audience
Kashcade primarily targets innovative Australian companies, including startups, scale-ups, and established businesses, that are eligible for the Research and Development Tax Incentive (RDTI). This includes founders, CFOs, and R&D advisors seeking non-dilutive capital to fund ongoing research and development activities.
Features
- Online platform for fast and simple application process
- Funding available in as little as 48 hours
- Advances up to 80% of accrued R&D Tax Incentive (RDTI) refund
- No monthly repayments, preserving cash flow
- Non-dilutive capital, avoiding equity dilution
- Financial analytics dashboard for tracking company performance
- Repayment aligned with RDTI refund receipt from the ATO
- Eligibility criteria include prior RDTI refund receipt, engagement with an R&D advisor, a minimum of 3 months runway, and a cash refundable R&D offset