The structure at the time certainly met our very specific needs. The system was easy to use and it was helpful to receive reminders to report cash activity and be ready for payments to be deducted. About six months after the loan was paid off, I needed to put in place a bridge loan for a couple of months until our capital raise was completed but, on the day of funding, we found that the Novel liens had not been released. I reached out for help because we have payroll coming up. Sebastian was so responsive and helpful in our time of urgent need and I am very grateful. I told him to get back to me in November. We are raising some capital but know we will need to raise more next year. I want to use debt to extend our cash runway before the next round and will be talking with Sebastian about that in November.
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Novel Capital’s fintech revenue growth platform aims to break down the traditional barriers to growth faced by today’s B2B companies. Their digital experience will allow Founders to leverage future predictable revenue for access to non-dilutive capital, unlock data-driven insights, and act upon machine learning-powered strategies that accelerate growth. The Novel platform empowers Entrepreneurs to capitalize on their momentum.See more