Corl

Corl operates in the financial technology sector, providing an alternative funding model for startups and scale-ups, particularly in the digital and SaaS economies. The firm was established to address a gap in the market for non-dilutive financing, offering a solution for companies that may not fit the traditional venture capital mold or wish to avoid equity dilution. Founded in 2016 by Derek Manuge and Sam Kawtharani, Corl introduced a revenue-sharing model, which it refers to as "Capital-as-a-Service".

The core of Corl's business is its investment platform, which allows companies to raise capital in exchange for a percentage of their future monthly revenues. This approach aligns the interests of Corl and the funded company, as returns are directly tied to the business's top-line performance. The repayment structure is flexible; payments fluctuate with the company's monthly revenue, easing the burden during slower periods and allowing for faster repayment during high-growth phases. This model is particularly suited for businesses with recurring revenue streams, such as subscription-based software companies.

Corl's due diligence and decision-making process is heavily data-driven. The company's platform connects to a business's existing financial and sales data systems—such as accounting software, payment processors, and analytics platforms—to autonomously evaluate performance and risk. By analyzing metrics like Monthly Recurring Revenue (MRR), customer churn, and customer acquisition cost in real-time, Corl can make funding decisions more rapidly than traditional lenders. This technology-centric approach allows for continuous monitoring of a portfolio company's health, providing ongoing insights.

The company serves early-stage and growing businesses that have predictable revenue but may not be profitable yet, a profile often underserved by conventional banks. By offering growth capital without requiring personal guarantees, warrants, or a board seat, Corl presents a founder-friendly alternative. The firm generates its returns from the collected revenue share payments over the term of the agreement.

Keywords: revenue-based financing, non-dilutive funding, fintech, growth capital, SaaS funding, Capital-as-a-Service, startup financing, alternative lending, recurring revenue, data-driven investment