How VCs Are Underwriting Revenue-Based Financing in 2026

Episode notes

Lucas and Luna explore the rise of revenue-based financing (RBF) as an alternative to traditional venture capital. With interest rates still elevated and IPO markets tight, startups are turning to RBF for non-dilutive capital tied to monthly revenue. The hosts break down how RBF works, why VCs are now co-investing alongside RBF funds, and what happened when a fast-growing SaaS company, Streamline Analytics, used a $5 million RBF deal to delay its Series B. They also discuss the risks: revenue-based loans can become expensive if growth stalls, and some startups face repayment pressure that equity wouldn't impose. Specific data points include the current ARKK ETF performance and market sentiment around growth stocks. The episode offers a clear-eyed look at a financing model that's quietly reshaping early-stage startup dynamics. #RevenueBasedFinancing #VentureCapital #StartupFunding #NonDilutiveCapital #SaaS #StreamlineAnalytics #Business #Finance #Technology #LucasAndLuna #FexingoBusiness #BusinessPodcast #StartupInvesting #TermSheets #RBF #GrowthStocks #ARKK #AlternativeFinance Keep every episode free: buymeacoffee.com/fexingo

Related episodes across the Index

Other episodes covering the same guests and topics, from across The B2B Podcast Index.

• Fast Money, Smart Data: Inside Wayflyer with Aidan CorbettThe Renatus Podcast · on Revenue-based financing91 / 100
• Dr. Veronika von Heise-Rotenburg, CFO & MD @Everphone, shares lessons of raising capital, debt funding and the importance of the CEO partnershipCFO Insights · on Revenue-based financing90 / 100
• Pat McGovern - Bowery Capital - Where Vertical AI WinsCloud Returns · on Venture capital87 / 100
• The Autonomous Digital Economy Is HereFinding Peak w/ Ryan Hanley · on Venture capital82 / 100
• Breaking new ground in fintech by reducing payment friction for SaaS companies with Capchase CEO Miguel Fernandez LarreaFintech Thought Leaders · on Revenue-based financing82 / 100
• The Truth About Bootstrapping an AI Startup with David Pourquery (#80)Exit Algorithms · on Venture capital81 / 100

• Synthetic User Startups Are Venture Capital's New Frontier44 / 100
• Why VCs Are Betting on Private Space Pilots for the US Space Force76 / 100
• Why VCs Are Backing Niche AI Copilots for Every Industry72 / 100
• The Bending Spoons IPO and Why VCs Love Bootstrapped Startups60 / 100
• Why VCs Are Betting on Together AI's 800 Million Round74 / 100