for Startups with Saas model
This is not a classic loan and does not require giving up equity – it’s a flexible, growth-focused tool designed to accelerate your business.
How RBA Works
We help SaaS startups reach Series A more safely – giving founders the capital to scale while protecting early investors’ stakes.
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Get funded fastReceive an advance (e.g., $100,000) directly into your Modu Business Account.
No waiting months for investors or dealing with rigid bank loans. -
Invest in growthUse the funds where they drive impact:- Marketing & customer acquisition
- Hiring top talent
- Product development
- Essential operating costs
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Repay flexiblyPay back a fixed % of your monthly revenue (e.g., 15%).- Slow month → lower payments
- Strong month → faster repayment
- Always capped, never endless debt
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Stay in controlNo equity dilution. No collateral.
Just predictable growth capital tailored to your SaaS.
The solution: takes an RBF advance from Modu. Funds land directly in the business account.
The result: 125 new customers acquired → ₸33.7M ($62.5K) in new recurring revenue → faster growth and faster repayment.
Repayment: 15% of revenue is automatically allocated until the advance + premium is fully paid. When revenue grows, repayment accelerates.
- For you as a Startup Founder
- Scale product and marketing without waiting for the next VC round
- Hire faster and build the right team ahead of key growth milestones
- Smooth seasonal revenue fluctuations with flexible repayments
- Accelerate growth while keeping your current ownership longer
- For your Early Investors (Angels & VCs)
- Non-dilutive capital reduces the need for premature funding rounds
- Protects early equity stakes by helping startups grow into higher valuations
- Aligns incentives: founders stay focused on growth instead of constant fundraising
- RequirementsProven SaaS business model – Your company should generate predictable, recurring revenue.
Revenue history – At least 6 months of stable Monthly Recurring Revenue (MRR).
Minimum MRR – $10,000 or equivalent in local currency (KZT) to ensure eligibility.
Connected financials – Access to your business accounts and payment systems (Stripe, PayPal, bank accounts, accounting software) is required for scoring and real-time funding assessment.
These criteria ensure that Modu can quickly evaluate your business, offer a fair advance, and automate repayments based on your actual revenue.
Existing Investors – Your cap table should reflect any current investors (angels, VCs). This helps Modu understand ownership structure and align RBF terms without diluting existing equity.
Preserving founder and early investor ownership is a key advantage of RBF. Providing this information ensures transparency and smooth onboarding.
TermsRBA Size – Your advance is based on the Credit Limit and can reach 3–6×, depending on funding needs and the predictability of subscription-based revenue. The maximum available is ₸270M ($500K).
Rate – 2.5% per month, used as a reference to calculate your total repayment cap.
Repayments- 10–20% of monthly revenue automatically deducted.
- Payments flex with revenue: smaller in weak months, larger in strong months
- Repayment is always capped.
- Example: $100K advance → max repayment $130K.
No hidden fees. Ever.Way to RBFOnce you’ve registered on Modu and unlocked your universal credit limit, accessing RBF is quick and effortless.Check your MRRKnow your monthly recurring revenue, then go to the Capital block in your Modu Dashboard to choose RBF.Upload investor recommendationAdd a short letter from your lead VC confirming the funding need.Pick your advanceChoose the amount you want to draw within your available credit limit.Understand your capThe system shows your monthly rate (2–2.5%), which is used to calculate the cap multiplier (e.g., 1.3×) representing the maximum total you’ll repay.Estimate your repayment shareSee what portion of your monthly revenue (e.g., 15%) will go toward repayment. This helps you plan your cash flow confidently.Repay10%-20% of monthly revenue is applied to repayment until both the advance and premium are fully covered.FAQ
RBA for SaasRBA is a form of non-dilutive funding where your company receives upfront capital and repays it as a fixed percentage of monthly revenue. Payments flex with performance: lower in slow months, higher in strong ones. Repayments continue until the advance plus an agreed premium (cap) is fully paid.Unlike VC, you don’t give up equity or board seats. You keep ownership and control.
Unlike bank loans, there are no fixed repayments or personal guarantees. Repayment is tied to revenue, making it much safer for startups with variable cash flow.The funding you can receive is tied to your Credit Limit and can reach 3–6 times that amount, depending on needs and the predictability of subscription-based revenue. For example, a SaaS startup with a $50,000 Credit Limit may qualify for a $150,000–$300,000 advance, available exclusively through the RBA product designed to fuel startup growth.The repayment percentage itself is fixed – for example, 10% of your monthly revenue. What changes is the payment amount, because it’s always tied to your actual revenue:- If your monthly revenue is $100k → you repay $10k.
- If revenue drops to $60k → repayment adjusts to $6k.
- If revenue grows to $150k → repayment increases to $15k.
No. That’s the key benefit. There is no fixed maturity date like in a loan. Repayments are made until the agreed cap (for example, 1.3x the original advance) is reached. This typically takes 12–24 months depending on your growth, but the timeline adjusts naturally to your revenue performance.You decide. Most SaaS founders allocate it toward:- Scaling marketing and customer acquisition
- Hiring key team members earlier
- Accelerating product development
- Covering operational costs during seasonal fluctuations
We also offer other financing options that may be a better fit for your stage and business model. Log in and visit modu.com/capital to explore all our capital solutions.
WCL (Working Capital Loan) is available to almost every client, with a credit limit defined by our AI-powered scoring.Get access to capitalAutomate workflowConsolidate the best combination of financial toolsExplore Demo!Join customers already using Modu to stay on top of company financials.
Start your free trial.PLATFORMDisclaimers and footnotes
Modu is a financial technology company, not a bank. Banking and payment services in Kazakhstan are provided by Bank RBK JSC (License No. 1.2.100/245/41, issued by the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market – AFRDFM). All client accounts and transactions are held and processed by Bank RBK JSC under applicable laws of the Republic of Kazakhstan.
Funds deposited into Modu Business Accounts are protected by the Kazakhstan Deposit Insurance Fund (KDIF) within the limits established by law. Deposit insurance covers the failure of an insured bank.
Modu operates as a Banking-as-a-Service (BaaS) platform, providing financial technology services in partnership with Bank RBK JSC and other licensed financial institutions. Certain additional services, including payment processing, lending, or investment products, may be offered through Modu’s partners or affiliates under separate licenses.
All loans are subject to approval, including credit and collateral assessment, and may carry restrictions on availability. Nothing herein should be construed as a commitment to lend. Investing in securities or treasury products involves risk, including possible loss of principal. Past performance is not a guarantee of future results.
Cards issued under the Modu program are provided by licensed banking partners pursuant to agreements with Mastercard® or Visa®. Cards can be used where Mastercard® or Visa® cards are accepted, subject to applicable restrictions.
Modu does not provide legal, tax, or investment advice. Please consult your advisors regarding your specific situation.
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