I’ve recently heard of this company called Revenued.com, which offers capital on demand, and I’m curious if anybody here has ever worked with them.
They have something they call Revenued Flex Line and Card and it looks promising.
It looks like a new take on factoring, which is where you sell receivables at a discount to another company that will collect them. They are buying your future revenues, instead of revenues that you’ve already generated. Are they buying at a discount, charging interest or both? It’s likely to be more expensive than factoring, because with factoring, you’ve already generated the revenue. This business will need to take into account the risk that you haven’t even generated the revenue that they are buying.
AJ
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Sounds like a fancy MCA operation. They will likely require you to give them ACH access to your business account and they WILL withdraw money from it whenever possible (even when possibly very inconvenient for your business) to cover the principal, interest, and fees that you owe them.
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Using personal credit to fund a business definitely comes with risks, but sometimes it’s the only option early on. I’ve seen people use 0% APR credit cards or personal loans strategically, but only with a clear repayment plan in place. It’s crucial to separate business and personal finances as soon as possible, or you risk damaging your credit if things don’t go as planned.
I’ve heard of them too! The Revenued Flex Line and Card seem interesting for quick business funding. It’d be great to hear feedback from anyone who’s actually used their services.