Cybersecurity provider Barracuda Networks Inc. and Capchase, which specializes in tech-powered vendor financing for B2B software and hardware companies, have launched Barracuda Financial Services. The financing program, powered by Capchase, offers Barracuda customers flexible payment options for multiyear contracts while ensuring that resellers and distributors receive full payment upfront, officials said.
“We are removing any financial friction from the purchasing process and empowering customers to invest in critical security solutions with greater flexibility, while ensuring our partners benefit from immediate and predictable payment,” said Geoff Waters, chief revenue officer at Barracuda. “Capchase brings the innovation, speed, transparency and seamless experience that our customers, resellers and distributors demand.”
Barracuda Financial Services is designed to offer payment flexibility for buyers, accelerated payouts for partners and reduced operational overhead across the board. Customers can spread payments across their preferred schedule with transparent pricing and no hidden fees, and resellers and distributors benefit from full upfront payment without changes to their existing quoting or billing workflows, officials said.
The program is set up to embed digital payment links directly into sales processes, and pre-qualification and approval processes run seamlessly behind the scenes, the company said.
“Traditional financing solutions were built for a different era,” said Miguel Fernandez, co-founder and CEO at Capchase. “Barracuda Financial Services exemplifies our vision of true embedded vendor financing—delivering buyer approvals in advance, transparent terms and seamless, branded partner experiences that match the speed of modern sales cycles.”
The program’s launch comes at a time when security spending by organizations is increasing due to escalating cyberthreats, growth in digitization and adoption of cloud technologies. Flexible financing allows those customers to invest with speed while distributing costs evenly throughout the contract term, officials said.
Barracuda Financial Services is available now through Barracuda’s global reseller and distributor network in select markets. Partners can request financing options through their Barracuda representative, with real-time approvals powered by Capchase’s automated underwriting platform.
