Company attributes
ParallelCap offers non-dilutive capital for online businesses. The company charges a flat fee, starting at 6%, and its repayments are linked to a company's revenues. ParallelCap funds online businesses, e-commerce, D2C, mobile apps, subscriptions, and SaaS companies.
ParallelCap works with private limited companies with at least six months of operations, are generating about 5 Lacs of monthly sales, and are processing about 40% of payments online. It will fund up to two times the company’s monthly average revenues. The company also claims to offer access to funds within forty-eight hours of online application.
ParallelCap's funding is suited for expenses that contribute to the immediate growth of a business on the top-line. This includes digital marketing or inventory expense. However, the company does not dictate the use of funding. It also offers more funding in the long-run, depending on scale. Depending on business need, Parallel Cap acts as a substitute and a commentary fundraising form to venture capital. The company also works with VCs and VC-funded companies to manage runways and returns.
