Revenue-Based Financing
Draw capital against your recurring revenue — without dilution, without a pitch deck.
How it works
Theorem underwrites against the recurring revenue already in your books. For SaaS, the ARR/MRR waterfall — new, expansion, churn, contraction — drives the advance. For commerce and services, daily cash inflows do.
Lines pre-approve in hours, not weeks. Repayment is automated as a percentage of revenue from your operating account — no fixed schedule, no separate workflow, no board approval on additional draws within your limit.
Value
Three pillars
Capital that flexes with revenue.
Non-dilutive financing sized on the data already in your platform.
ARR-Based Advance
For SaaS and subscription businesses. Advance against contracted ARR with churn-adjusted monitoring against your AR subledger. Repayment scales with monthly collections so dips in MRR slow repayment, not break it.
Daily Revenue Advance
For commerce, manufacturing, and services. Advance against daily or weekly revenue with repayment as a fixed percentage of daily cash inflows. Seasonality is built into the structure.
Performance-Linked Repayment
No fixed amortization schedule. Repayment automates from your business banking account as a percentage of revenue, so cost flexes with performance and there is no separate repayment workflow to manage.
Agents in action
Native revenue-based financing.
Agents that size, fund, monitor, and reconcile revenue-linked advances — all from data already in your platform.
Underwriting on live ARR
An advance request triggers ARR waterfall analysis, churn-adjusted forecasting, and repayment configuration agents that resolve in parallel.
Sizing that improves with cycles
Every advance, repayment cycle, and performance datapoint feeds back into the model. Advance offers grow tighter and faster with each round.
Encode ARR waterfall, cohort retention, and daily cash flow into structured underwriting inputs.
Tune advance sizing and factor rates to your business model — SaaS vs commerce vs services.
Disburse advances and configure auto-debit repayment without separate paperwork.
Each repayment cycle teaches the model how revenue actually flows; offers improve.
Capital that scales with revenue.
See how Theorem turns your ARR or daily revenue into non-dilutive funding.