Revenue-Based Finance for Tech & SaaS Companies
By Joshua Giles, Founder and Director · Reviewed by the CoreFi credit team
Last updated 20 July 2026
CoreFi is a broker, not a lender. We do not set rates and lenders make all credit decisions.
In short: Revenue-based finance advances a tech or SaaS company a multiple of its monthly recurring revenue, repaid as a fixed percentage of each month's revenue until settled, with no equity, warrant or board seat. Advances typically run from £25k to £5M over 6 to 24 months, sized on your MRR and churn. We are a broker and match you to specialist RBF lenders.
Revenue-based finance for tech works like this. A lender connects to your Stripe, Chargebee, or Xero account, reads your monthly recurring revenue (MRR) and churn, and advances a multiple of that run rate. You repay a fixed percentage of each month's revenue until the total is settled. No equity changes hands, no warrant, no board seat, no charge on your home.\n\nWe are a broker, not a lender, and the lenders we introduce you to are not high street banks. They are specialist MRR underwriters who model SaaS cohort retention and net revenue retention rather than P&L profit. A business with £80k MRR, 95% gross retention, and negative churn reads well to them even after a net loss last year, because that loss was headcount reinvestment rather than a leak.\n\nWhat a facility looks like depends on churn and trading history. A SaaS business with six months of £20k MRR and 8% monthly churn will be offered less than one at the same MRR with 1% churn and a three-year track record. We cannot promise a rate or a multiple, and neither can any broker who is being straight with you; the lender sets both after they pull the data. What we can do is tell you which of our lenders your numbers fit before you waste an application.\n\nRepayments track revenue. A bad quarter drops your MRR, so the cash leaving your account drops with it. The percentage the lender takes stays fixed; the absolute payment breathes with the business.
Key Benefits
- MRR-based sizing, not profit. Strong recurring revenue and low churn carry the application even when the bottom line is red from reinvestment.
- No equity, no warrants. Your cap table is identical after drawdown to what it was before you signed.
- Repayments move with revenue. A slow month means a smaller absolute payment, which cushions a subscription business in a way a fixed instalment product cannot.
- We match you to the specific lenders whose retention and margin thresholds your numbers actually clear, rather than firing your data at the whole panel.
Frequently Asked Questions
Is RBF suitable for pre-revenue startups?
No. Every lender we work with requires established recurring revenue, typically at least six months at £10k or more per month. Pre-revenue startups are better served by SEIS/EIS equity, grants, or angel funding. RBF is a growth tool, not a launch tool.
How does it compare to venture debt?
Venture debt usually rides alongside an equity round and carries warrants that hand the lender an equity kicker. RBF needs no equity raise and no warrant, so it is simpler, faster, and keeps the cap table clean. If you have not recently closed a round, venture debt is unlikely to be on the table; RBF often is.
What metrics do lenders actually look at?
MRR is the headline, but lenders also model net revenue retention (they like to see above 100% for expansion-revenue businesses), logo churn, gross margin, and how long the business has been generating consistent revenue. High gross margin and low churn offset a lower MRR figure. We will read your numbers before you apply and tell you whether they are likely to clear underwriting.
Can I use RBF alongside an equity round?
Yes, and it is common. Plenty of SaaS companies draw on RBF between rounds to extend runway or fund a specific push, a new sales hire or a paid acquisition channel, without triggering an equity event. The facility sits alongside existing investors with no impact on their shareholding.
Revenue-Based Finance calculator
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Total repayable
£120,000
Total cost
£20,000
Per month (approx)
£8,000
Est. months
15.0
Illustrative estimate only, not a quote or financial advice. A broker will confirm exact terms based on your circumstances and lender appetite.
Work out your numbers
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Get matched with lendersCoreFi is a trading name of JG Core Ltd (Company #16218779, England & Wales). CoreFi acts as a commercial finance broker and does not provide regulated financial advice. All products described are unregulated business-to-business finance. Information on this page is for general guidance only and does not constitute a formal offer of finance. Terms, rates, and availability are subject to lender criteria and may change without notice.