Key Takeaways
- MRR-based SaaS companies are ideal candidates for revenue-based funding
- No green card required — EAD and US entity qualify
- Ukrainian, Russian, and Venezuelan SaaS founders build US companies as asylees
- Fund developer hiring, infrastructure, and customer acquisition
- 48-hour decisions
SaaS is one of the most natural sectors for highly educated asylee entrepreneurs. Ukrainian software engineers who arrived after 2022 have built vertical SaaS products for niche industries. Venezuelan tech founders who left when Maduro's government collapsed IT infrastructure have launched US-based B2B platforms. Russian developers who fled censorship and persecution contribute to every layer of the US tech stack — and many have launched their own products.
SaaS companies with monthly recurring revenue (MRR) are ideal for revenue-based funding because their future revenue is highly predictable. A SaaS product with $50K MRR and low churn has a defined revenue trajectory that makes lending against it low-risk. Bankable funds the next phase: developer hiring, product expansion, and sales team buildout.
What We Fund
- Engineering hires (reduce reliance on offshore contractors)
- Cloud infrastructure (AWS, GCP, Azure) as you scale
- Sales and marketing headcount
- Product development and feature expansion
- Customer success and onboarding team
- SOC 2 compliance and security certifications
Minimum: $15,000/month MRR, 6 months of SaaS revenue, US entity, EAD.
Frequently Asked Questions
Yes. SaaS founders with EAD, a US entity, and $15,000+/month MRR qualify for Bankable's revenue-based funding.
Stripe, Chargebee, or Recurly dashboards, supplemented by business bank statements. We can connect directly to your payment processor.
We look for churn below 5% monthly. High churn reduces the predictability of your revenue, which affects funding terms.
Yes. Hiring engineers is the most common use for SaaS working capital at Bankable.
No. We require existing MRR. Pre-revenue SaaS companies should explore accelerators, angels, or grants.
Yes. AWS, GCP, and Azure costs are operating expenses that working capital covers.
B2C SaaS qualifies as long as MRR is $15,000+ and churn is manageable.
Up to $5M. Typical advance is 3-6x MRR for strong SaaS businesses.