Frequently Asked Questions

General Questions

What is Kashcade?

Kashcade lends to Australian companies based on their R&D Tax Incentive (RDTI) refund.

This way, founders can invest in their business today without selling more equity.

We’re here to walk you through it, but we’ve automated the fundraising process so that once you’re ready, it’ll only take minutes to apply.

We don’t take any equity, warrants or board seats, or place operating covenants on your business. This way, you keep more ownership and control of your company.

What does the end-to-end process look like?

Chat with us over a quick video call. There, you’ll be able to share what your company is all about and get the same back of Kashcade.

From there, take 5 minutes to share your financials through our online platform, backed with high-grade security.

Within 48 hours we’ll tell you how much funding might be available to your company and on what terms (like pricing) in the form of a loan offer.
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Most of the time, when you draw funds they’ll land in your account immediately or the next business day.

Funds will be repaid in a single payment from the ATO upon receiving your R&D refund. This way, there'll be no monthly repayments to worry about, allowing you to maximise your runway.

And, as you build up more eligible R&D expenditure each month, you can access more via simple top-ups to your existing loan. No need to worry about new loan agreements or a lengthy process.

What kind of companies does Kashcade work with?

We work any type of company that utilises the Research and Development Tax Incentive (RDTI) program and receives a cash refund.

We cater to most businesses of most shapes and sizes; whether in the pre-revenue R&D phase or publicly listed with up to $20 million in revenue, or from bootstrapped start-ups to venture-backed scale-ups.

Common customers are companies working in tech or software, internet of things (IoT), life sciences, manufacturing, and pharmaceuticals.

The best way to see whether your company and Kashcade are a fit is to contact us and have a brief chat with one of our team.

What are the benefits of using Kashcade for founders?

1.    Speed – apply in minutes using information you have on hand, and get funded in a matter of days, not months.

2.    Reduced dilution – reduce or eliminate the need to sell more shares in your company by using Kashcade's completely non-dilutive capital.

3.    Affordability – Kashcade prides itself in offering funds at a cost that’s reasonable and affordable, so you can partner with us over the long-run.

4.    Comfort – we know finance can seem complex, but we make the complex simple and are here to help you understand things completely.

How long does it take to receive funds?

From applying to receiving funds can take as little as 24hrs. The application itself should take less than 10 minutes, and we typically provide offers within 48 hours. Once approved, you should receive funds the same or following business day after requesting a draw-down.

What might investors think of capital from Kashcade?

It’s best to consult your investors, but we’ve spoken with a lot of VCs, Angels and all kinds of other investors. Generally, feedback was that what’s good for your company is good for investors. So, if you’re getting fast access to an affordable source of capital to help you grow, and it doesn’t dilute existing shareholders, everyone can be happy.

Financial Questions

What are the costs?

Kashcade's R&D Loans take a 'no out-of-pocket' approach. All costs are either netted off the loan funded or accrued until the loan matures.

Our R&D Loans come with a small set-up fee upon funds being transferred, then interest accumulates daily throughout the time the loan is outstanding.

Fees and interest may vary based on the financial position of your business, amount funded, and term of your loan. An indication of pricing can be shared in the intro call with final pricing provided in your loan offer.

Kashcade does not take options or warrants as part of its loans.

How are fees and interest determined?

Fees and interest rates may vary based on a combination of the financial position of your business (volatility, cash burn, runway, growth etc.) and the number of months over which you expect to repay the funds.

An indication of pricing can be shared in the intro call with final pricing provided in your loan offer.

How is my funding limit determined?

Your funding limit is the maximum amount Kashcade will make available to you at a given point in time.

The R&D Loan limit is based on the size of your accrued R&DTI refund, your tax status and the perceived risk of your business, with the maximum being 80% of your accumulated refund.

Your limit may increase each month or over time as your R&D refund grows.

Do I need to provide a personal or director's guarantee?

No. At Kashcade, we believe founders and their teams have enough skin in the game as is, so we do not typically ask founders, directors or shareholders to provide personal guarantees (like mortgages or real-asset security).

Instead, we require funds to be backed by the R&D refund or the company (or companies) borrowing funds.

What do you mean by 'non-dilutive' capital?

When you fundraise through equity, you’re selling part of your business to new investors. With warrants, options and convertibles, you’re giving investors the option to buy equity in the future. This means the percentage of your company that you and other existing shareholders held prior to fundraising will be reduced, or ‘diluted’.

However, that’s not the case at Kashcade. As it’s an interest and fee only exchange, you keep all your equity. That’s what makes it ‘non-dilutive’ capital and why founders love it.

Technical Questions

How do I get connected to Kashcade?

Once you’ve had a brief chat with us, you can simply share access to the required sources of info via our online portal, using information you'll likely have on-hand already.

You should be done in under 10 minutes with no technical expertise required.

Required information typically includes financial data like that from your accounting system, current tax status and past ATO-related info.

Is my data secure with Kashcade?

We employ industry-standard security principles and encrypt data at-rest, and in transit. We do not store your financials' credentials for your connected integrations.

What data sources does Kashcade need?

Typical requirements include access to accounting and/or banking data through our API, current and past tax information and general info about your business. With us, sharing data is secure and a piece of cake.

Contact us:
Sydney, Australia
hi@kashcade.com

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