Efficient Capital Labs provides revenue-based, non-dilutive financing to B2B SaaS companies that operate across the South Asia–U.S. corridor, evaluating revenue across geographies rather than locally. The firm deploys capital from its own balance sheet and offers loans in USD and INR, with plans to add Singapore-dollar loans by the end of 2024. ECL has originated more than $70 million in financing and tripled to serve over 100 companies from Q1 2023 to Q2 2024. Its accounts receivable outstanding grew sixfold from 2022 to 2023 and doubled again in the first half of 2024, supported by default rates reported as well below industry standards and a 70% repeat financing rate. The company plans expansion into Singapore and other Southeast Asia markets and expects headcount to grow from 25 employees to 30–35 by year-end, hiring for commercial and engineering roles. ECL was co-founded in 2022 and is headquartered in New York. Efficient Capital Labs is a New York–headquartered fintech founded in 2022 that provides 100% non-dilutive, revenue-based financing to B2B SaaS companies operating in the South Asia–U.S. corridor. It advances a percentage of customers' ARR as upfront capital and funds customers through its own balance sheet to offer lower cost and greater predictability than marketplace or investor-dependent solutions. Since starting lending operations in June 2022, ECL has provided funding to more than 50 SaaS businesses and expects to serve over 150 customers by the end of 2023. The company will use the new capital to invest in greater automation and expand its engineering, product, underwriting, sales and operations teams to achieve better unit economics. ECL’s value proposition emphasizes enabling border-agnostic access to capital for companies that earn U.S. revenues while maintaining significant technology and operations in South Asia. Total capital raised to date includes both equity and debt components.

Total raised

$18M

Funding rounds

2

Latest round

Series A

Latest activity

Aug 2024