Before you compare revenue-based financing companies, work out which of two different products you are shopping for — because “revenue-based financing” names both, and the two provider lists barely overlap. One serves e-commerce and small businesses on a factor rate over 6 to 18 months. The other serves recurring-revenue software companies on a repayment cap over two to six years. Comparing a provider from one list against a provider from the other will produce a nonsense answer.
Below are providers in each lane, with the terms each one publishes about its own programme. REIL Capital offers revenue-based financing too, so treat the closing section as the disclosure it is rather than the point of the page.
How This Revenue-Based Financing List Was Built
The inclusion standard matters more than the list, because provider pages are marketing and they change without notice.
- Terms are published only where the provider publishes them about its own programme. A rival’s numbers quoted on somebody else’s comparison page are not a source, and are not used here.
- Several heavily advertised names in this category are not listed with terms. Not because there is anything wrong with them, but because their current figures could not be verified from their own published materials at the time of writing. An unverified number is worse than a missing one.
- Everything below changes. Programme terms expire, get repriced, and get quietly edited with no changelog — we watched one provider’s published range move during the research for this page. Confirm every figure directly with the provider before you act on it.
Step One: Which Product Are You Actually Shopping For?
| SME and e-commerce lane | Startup and SaaS lane | |
|---|---|---|
| Typical buyer | Retail, e-commerce, services, seasonal businesses | B2B SaaS, subscription, recurring-revenue technology |
| Priced as | A factor rate on the advance, or a flat fee | A repayment cap, an annual discount fee, or an APR |
| Underwritten on | Bank statements or platform sales data | MRR, ARR, gross margin, retention |
| Typical term | About 6 to 18 months | About 2 to 6 years |
If you sell physical products, services, or anything transacted at the point of sale, you are in the first column. If you sell subscriptions to businesses and can quote an ARR figure, you are probably in the second. The startup and SaaS version is covered separately, because almost nothing about it transfers.
Providers in the SME and E-Commerce Lane
Wayflyer. Built for e-commerce, pulling sales data directly from platforms such as Shopify and Amazon rather than relying solely on bank statements. Funding runs from roughly $10,000 to $20 million. Wayflyer publishes a fee range of 2% to 8% for its own book, which is at the lower end of what this market charges — a fee percentage is not an annualized cost, so read it alongside the repayment window rather than on its own.
Redline Capital. An e-commerce-focused provider that publishes a revenue threshold of around $30,000 per month for its programme, which is a useful reference point for the entry bar in this lane generally.
Also operating in this lane: Liberis, Silvr, GetVantage, Ritmo and Expansion Capital Group. They are listed by name without figures for the reason given above — their current terms were not verified from their own materials for this page, and quoting numbers we have not checked would defeat the purpose of the list.
Providers in the Startup and SaaS Lane
Founderpath. Serves B2B SaaS, funding after you connect a billing platform such as Stripe, Chargebee or Maxio — in under 24 hours, by its own account. It publishes a 7% flat discount fee per year on its Revenue Purchase Agreement and 14% APR on its term loan product, with terms running to 48 months. It also publishes that its own products require no personal guarantee. That last point is worth reading precisely: it is Founderpath’s statement about Founderpath, not a feature of revenue-based financing generally.
Lighter Capital. A long-standing B2B SaaS funder whose deals are papered as a loan and security agreement with a royalty on monthly net cash receipts — which means, unlike much of this market, it is structurally a loan. Paybacks typically run three to five years. Its pricing is not reproduced here because it could not be traced to Lighter Capital’s own published materials; ask them directly, and ask specifically about closing costs, which are easy to miss in a headline comparison.
Capchase. Also SaaS-focused, advancing against annual and multi-year customer contracts rather than against aggregate monthly revenue.
Decathlon Capital structures paybacks over roughly two to five years, most commonly three to five. TIMIA runs longer still, spanning two to six years.
Also operating in this lane: Arc, Pipe, Clearco, Uncapped, Novel Capital, Flow Capital and Feenix.
What to Verify Before Signing With Any Revenue-Based Financing Provider
The provider matters less than the paperwork. Six things to confirm on any offer, from anyone on this page or off it:
- The total repayment in dollars. Not the factor rate, not the fee percentage — the number you will have paid when it is over.
- Whether the remittance is a true percentage of revenue or a fixed debit. A fixed daily or weekly ACH does not fall when your revenue falls, which removes the main protection the structure is supposed to give you.
- Whether there is a reconciliation right. That is the clause letting you have your remittance adjusted down when revenue drops. Its presence or absence tells you a lot about what you are signing.
- Whether the agreement is a purchase of receivables or a loan. Providers do both, and the legal consequences differ. Which one you are signing is knowable from the document.
- Every fee outside the headline. Origination, administration, closing costs. Ask for the all-in total.
- Whether a personal guarantee is required. This varies by provider and by deal. Never assume it is absent because a marketing page implied it.
If you are in California and the offer is $500,000 or less, you are also entitled to see an annual percentage rate stated alongside any price the provider quotes you — a disclosure requirement that took effect on 1 January 2026. What revenue-based financing costs covers how to read those numbers once you have them.
Where REIL Capital Fits
We are one of the options, and we would rather be a useful one than a loud one. REIL Capital offers revenue-based financing among seven financing products spanning $5,000 to $10,000,000, which means a conversation here often ends with a different instrument than the one it started with — a line of credit when the need is recurring rather than one-off, or invoice financing when the cash is tied up in unpaid customer invoices rather than in a revenue timing gap.
The comparison worth running is not which provider has the best headline number. It is which structure fits the shape of your revenue, and then which provider prices that structure best for your file.
Frequently Asked Questions
Who offers revenue-based financing?
Two distinct groups of providers. In the SME and e-commerce lane, Wayflyer, Liberis, Silvr, GetVantage, Ritmo, Expansion Capital Group and Redline Capital, among others. In the startup and SaaS lane, Lighter Capital, Capchase, Founderpath, Decathlon Capital, TIMIA, Arc, Pipe, Clearco, Uncapped, Novel Capital, Flow Capital and Feenix. Brokers and multi-product lenders, REIL Capital included, also place revenue-based financing alongside other products.
What are the best revenue-based financing companies?
There is no single best, because the two products sold under this name serve different businesses. The right question is which lane you are in: factor-rate providers over 6 to 18 months for e-commerce and small businesses, or repayment-cap providers over two to six years for recurring-revenue software companies. Within a lane, compare total repayment in dollars rather than headline percentages.
How do I check whether a revenue-based financing company is legitimate?
Ask for the total repayment in dollars, confirm whether the remittance is a true percentage of revenue or a fixed debit, and read the agreement for a reconciliation clause. Confirm every published figure directly with the provider, because programme terms in this market change without notice and are frequently edited without a changelog.
Do revenue-based financing companies require a personal guarantee?
It depends entirely on the provider and the deal. Some publish that their own products require none — Founderpath does so for its programmes — but that is a statement about one provider, not a feature of revenue-based financing as a category. Confirm it in your specific agreement rather than assuming.
What revenue do I need to qualify with a revenue-based financing provider?
In the SME and e-commerce lane, around $30,000 a month is a common entry threshold; Redline Capital publishes that figure for its own programme. Lower-threshold providers exist, so treat it as typical rather than universal. Startup and SaaS providers underwrite on recurring revenue metrics such as MRR and ARR instead.
If you want to work out what any of these offers actually costs before you take a call, run the numbers first: the revenue-based financing calculator converts a factor rate into total dollars and shows how the annualized cost shifts with repayment speed. Then read the full guide before you commit to the structure at all.
