Spanish financial services company BBVA Spark has partnered with fintech firm Capchase to enable their clients to connect to BBVA Spark directly by application programming interface (API) integrations through better digital experience.

The collaboration will allow BBVA Spark to access Capchase’s technology, facilitating a digital analysis of clients through new technologies like open banking and live connections to financial management software (ERPs) or electronic invoicing sources.

The process will expedite decision-making and guarantee that financing aligns effectively with the requirements of companies.

BBVA Spark head Roberto Albaladejo said: “This agreement is another step forward in our value proposition based on providing comprehensive financial services for high-growth technology businesses.

“In the future, we expect to continue complementing BBVA’s entire range of products and services for companies with strategic collaborations like the one we are announcing today with Capchase, demonstrating our commitment to innovation.”

Currently, the solution, which is designed for companies with recurring revenue models including software as a service (SaaS) or subscriptions, is validated and available to clients in Spain through BBVA Spark online banking.

This comes after a successful proof of concept with fifty BBVA Spark clients.

The new programme is powered by a new lending infrastructure solution dubbed Capchase Infra.

Capchase CEO and co-founder Miguel Fern√°ndez said: “The partnership with BBVA establishes Capchase as a trusted technology vendor for the global financial industry.

“Now, banks can leverage our infrastructure to accelerate their ability to serve high-growth companies with innovative and flexible financial solutions at an earlier stage.”

Established in 2020, Capchase supports business-to-business (B2B) SaaS companies to scale faster through non-dilutive capital and payment solutions.

The company is said to have more than $2bn in funding available to the SaaS industry and supported more than 5,000 businesses and partners to grow their revenue through the firm’s tools.