Fenix Capital Funding Alternatives

While Fenix Capital Funding offers merchant cash advances to businesses with lower credit scores, B2B companies seeking sustainable growth are discovering superior alternatives that eliminate risk, reduce costs, and automate accounts receivable. From Resolve's non-recourse net terms to modern working capital platforms, these solutions provide the funding businesses need without the high costs and daily cash flow strain of traditional merchant cash advances.

Key Takeaways

Non-recourse financing eliminates risk: Resolve provides 100% non-recourse financing with fast credit decisions and next-day payouts, ensuring what you get is always yours to keep
Dramatically lower costs: Resolve's transparent flat fees of 2.61-3.5% versus Fenix Capital's factor rates of 1.1-1.5 (estimated 10-50% total cost)
AR automation saves significant time: Modern platforms like Resolve save 14+ hours weekly on manual accounts receivable processes
No daily cash flow strain: Unlike Fenix Capital's daily ACH debits, Resolve ties repayment to customer invoice payments
Better credit evaluation: AI-powered underwriting evaluates business fundamentals rather than just personal FICO scores
Seamless integrations: Native connections to QuickBooks, Shopify, and other platforms eliminate manual data entry

1. Resolve — Risk-Free Net Terms with AI-Powered Automation

Resolve stands out as the premier Fenix Capital alternative by completely eliminating merchant risk through its 100% non-recourse financing model. Founded in 2019 by Chris Tsai and Brian Nguyen as a B2B version of Affirm, Resolve brings consumer fintech innovation to B2B payments. Developed in venture studio HVF, led by PayPal co-founder Max Levchin, the company applies modern fintech approaches to B2B transactions.

Key Features:

100% non-recourse financing with zero merchant risk
AI-powered credit decisions in minutes to 24 hours
Net 30, 60, or 90-day payment terms
Up to 100% advance payment within one day
Transparent flat fees of 2.61-3.5%
Native integrations with QuickBooks, NetSuite, Shopify, and BigCommerce
White-label payment portal for customer payments

Pricing Structure:

Flat fees of 2.61-3.5% based on risk assessment
No monthly minimums, setup fees, or hidden charges
Advance rates of 50%, 75%, or 90% based on buyer risk profile
No personal guarantee required

The platform's AI-powered AR automation reduces manual work by an estimated 90%, while its LLM-powered invoicing workflow automatically syncs transactions across systems. Recent case studies demonstrate significant impact: businesses have achieved 5x revenue growth and tripled their revenue through Resolve's platform.

Unlike traditional merchant cash advances, Resolve maintains merchant control over customer relationships while eliminating collections burden. The platform currently serves over 15,000 businesses with $60M+ in Series A funding.

For B2B companies specifically, Resolve's Accounts Receivable automation streamlines the entire credit-to-cash workflow, while their B2B Net Terms solution enables businesses to offer flexible payment terms without impacting cash flow.

Why Resolve Excels for B2B Companies

Cash flow management represents one of the most critical challenges for B2B businesses. SCORE reports that 82% of small businesses fail due to cash flow problems. Traditional merchant cash advances compound this problem by requiring daily payments regardless of when customers actually pay their invoices.

Resolve solves this fundamental mismatch by aligning funding repayment with actual customer payment cycles. When your customer pays their invoice, Resolve receives payment directly—eliminating the cash flow strain of daily debits. This approach creates natural cash flow alignment that supports sustainable business growth

The platform's AR automation capabilities deliver additional value beyond financing. Manual accounts receivable processes typically consume 14+ hours per week for small to mid-sized B2B companies. Resolve's automated invoicing, payment reminders, and reconciliation features recover this time, allowing teams to focus on revenue-generating activities rather than administrative tasks.

Understanding the B2B Financing Landscape

The B2B financing landscape has evolved significantly, with modern platforms offering transparent pricing, advanced technology, and risk-free solutions that far surpass traditional merchant cash advances. While Fenix Capital serves businesses with urgent cash needs and lower credit scores, alternatives provide superior value for B2B companies focused on sustainable growth.

Independent industry research confirms that merchant cash advances like those offered by Fenix Capital typically carry effective costs between 10-50% of the funded amount, making them among the most expensive forms of business financing available.

Research from the Federal Reserve indicates that small businesses increasingly seek flexible financing options that align with their revenue cycles rather than impose rigid repayment schedules. This trend particularly benefits B2B companies with longer payment cycles and invoice-based revenue models.

2. OnDeck — Established Online Lender for Larger Loan Amounts

OnDeck represents a more traditional alternative to Fenix Capital, offering term loans and lines of credit to established businesses. Founded in 2007 and publicly traded, OnDeck has built a strong reputation in the online lending space.

Platform Strengths:

Loan amounts up to $250,000
Established track record with 17+ years in business
Multiple product options including term loans and lines of credit
Faster approval than traditional banks
Automated payment processing

Cost Structure:

APR ranges from 29-100%+
Origination fees up to 4%
Daily or weekly repayment schedules
Requirements: 625+ FICO and $100k+ annual revenue

While OnDeck offers larger loan amounts than Fenix Capital's $150,000 maximum, the cost structure remains expensive compared to modern alternatives. The platform's daily repayment schedule can still create cash flow strain, though it's more predictable than Fenix Capital's factor rate model.

OnDeck serves as a viable option for established businesses with strong credit that need larger funding amounts and can manage the higher costs. However, B2B companies specifically looking for net terms solutions will find more suitable options with platforms like Resolve that are designed specifically for B2B commerce.

3. Fundbox — Flexible Revolving Credit for Small Businesses

Fundbox occupies a distinct niche providing revolving lines of credit from $1,000 to $150,000 for small businesses that traditional lenders might overlook. Since 2013, the platform has provided over $6 billion in funding to 500,000+ businesses.

Platform Advantages:

Instant decisions with next-day funding
Credit lines up to $150,000
Flexible repayment terms of 12-24 weeks
Only pay for what you use with revolving credit
No prepayment penalties

Pricing Considerations:

APR equivalent estimated 10-80%
Weekly repayment schedule
Lower maximum funding compared to some alternatives

Reviews consistently note that while Fundbox provides easier access to capital than traditional banks, the costs remain relatively high. The platform works best for businesses that need flexible, short-term working capital and can manage the weekly repayment schedule.

For B2B companies specifically, Fundbox lacks the net terms functionality and AR automation that platforms like Resolve provide, making it more suitable as a general working capital solution rather than a comprehensive B2B payment platform.

4. Kapitus — Multi-Product Lender for Diverse Financing Needs

Kapitus offers a range of financing products including merchant cash advances, term loans, and equipment financing, positioning itself as a one-stop shop for business funding needs.

Service Offerings:

Multiple financing products under one roof
Funding amounts from $7,500 to $5,000,000
Quick application process
Specialized equipment financing options
SBA loan connections

Cost and Terms:

Complex pricing structures varying by product
Merchant cash advances with factor rates similar to Fenix Capital
Daily or weekly repayment schedules
Personal guarantees typically required
Mixed customer reviews regarding transparency

While Kapitus offers more product variety than Fenix Capital, it shares many of the same characteristics including daily repayment requirements for certain products. The platform works best for businesses that need multiple types of financing and prefer working with a single provider.

However, for B2B companies specifically looking to offer net terms to customers while protecting their cash flow, Kapitus doesn't provide the specialized functionality that Resolve offers. The lack of AR automation and non-recourse protection makes it less suitable for B2B-focused businesses.

5. TreviPay — Enterprise-Grade B2B Payment Platform

TreviPay represents the enterprise alternative to Fenix Capital, offering sophisticated B2B payment solutions with 40+ years of experience and operations in 30+ countries.

Enterprise Features:

Global payment processing across 30+ countries
Comprehensive O2C (order-to-cash) automation
Funded net terms with risk mitigation
Multiple native integrations including SAP and Oracle
Omnichannel payment acceptance

Implementation Considerations:

Enterprise pricing with significant minimums
6-month implementation timeline
Designed for large corporations, not SMBs
Complex contract negotiations
Higher barrier to entry

While TreviPay offers sophisticated B2B payment capabilities, it's primarily designed for enterprise clients with complex global operations. The lengthy implementation timeline and high costs make it less accessible for mid-market businesses that might be considering Fenix Capital for quick funding.

For mid-market B2B companies, Resolve offers similar non-recourse net terms functionality with faster implementation (days vs months) and more accessible pricing, making it a better fit for growing businesses.

Why Modern B2B Payment Platforms Outperform Merchant Cash Advances

The fundamental difference between platforms like Resolve and merchant cash advances like Fenix Capital lies in their approach to risk, cost, and business relationships.

Risk Management:

Merchant cash advances require personal guarantees and leave merchants fully liable for repayment regardless of customer payment behavior. In contrast, Resolve's 100% non-recourse model transfers all credit risk to Resolve, protecting merchants from bad debt.

Cost Structure:

Fenix Capital's factor rates of 1.1-1.5 translate to estimated costs of 10-50%, while Resolve's transparent flat fees range from 2.61-3.5%. This represents an estimated 5-20x cost advantage for Resolve.

Cash Flow Impact:

Fenix Capital's daily ACH debits create ongoing cash flow strain regardless of actual sales or customer payments. Resolve's repayment is tied directly to customer invoice payments, creating natural cash flow alignment.

Business Relationships:

Merchant cash advances provide no value to customer relationships, while Resolve enables merchants to offer net terms that increase customer purchasing power and loyalty. The white-label payment portal maintains the merchant's brand throughout the customer experience.

Operational Efficiency:

Resolve's AI-powered AR automation saves an estimated 14+ hours per week on manual processes, while Fenix Capital provides no operational benefits beyond the initial funding.

Making the Right Choice for Your B2B Business

For B2B companies evaluating Fenix Capital alternatives, the choice depends on your specific business model, customer base, and growth objectives:

By Business Model:

B2B companies selling on net terms: Resolve (non-recourse protection, AR automation)
B2C businesses with high card volume: Traditional lines of credit
Equipment-intensive businesses: OnDeck or Kapitus equipment financing
Enterprise global operations: TreviPay
General working capital needs: OnDeck

Cost Comparison for $10,000 Financing (60 days):

Resolve: $261-$350 (2.61-3.5% flat fee)
Fenix Capital: Estimated $1,000-$5,000 (10-50% total cost)
OnDeck: Estimated $483-$1,667 (29-100% APR annualized)
Fundbox: Estimated $167-$1,333 (10-80% APR equivalent)

Implementation Timeline:

Same day to 1-2 days: Resolve (with existing integrations)
1-3 days: OnDeck
1-2 weeks: Kapitus
6+ months: TreviPay enterprise deployment

The BBB complaints against Fenix Capital highlight common issues with merchant cash advances: "insanely high interest rates" and practices that negatively impact businesses. Modern alternatives like Resolve address these concerns with transparent pricing, non-recourse protection, and technology that actually improves business operations.

For B2B companies specifically, Resolve's combination of risk-free net terms, AR automation, and seamless integrations makes it the clear superior alternative to Fenix Capital's merchant cash advance model.

Frequently Asked Questions

How does Resolve's non-recourse financing differ from Fenix Capital's merchant cash advance?

Resolve's 100% non-recourse financing means that Resolve assumes all credit risk for your customers' payments—you keep the full advance even if customers default. In contrast, Fenix Capital's merchant cash advance requires you to repay regardless of customer payment behavior, with daily ACH debits that create ongoing cash flow strain. Additionally, Resolve's transparent flat fees of 2.61-3.5% are dramatically lower than Fenix Capital's factor rates, which translate to estimated costs of 10-50%.

Can Resolve help my business offer net terms without impacting cash flow?

Yes, Resolve enables you to offer net terms (30, 60, or 90 days) to your customers while receiving up to 100% of the invoice value within one day. This means your customers get the flexible payment terms they need to increase their purchasing power, while you maintain healthy cash flow for operations and growth. Resolve handles the entire credit assessment, billing, and collections process, so you can focus on growing your business.

What integrations does Resolve offer for accounting systems?

Resolve offers native integrations with leading platforms including QuickBooks, NetSuite, Xero, Sage Intacct, Shopify, BigCommerce, Magento, and WooCommerce. These integrations enable automatic syncing of transaction data, eliminating manual data entry and reducing errors. The BigCommerce native app provides one-click net terms checkout, while the QuickBooks integration ensures automated reconciliation of all transactions.

Is Resolve's credit assessment faster than traditional methods?

Resolve's AI-powered credit engine evaluates thousands of data points in real-time, delivering credit decisions in minutes to 24 hours compared to days or weeks for traditional underwriting. Unlike Fenix Capital's focus on personal FICO scores (500+ minimum), Resolve evaluates business fundamentals holistically, enabling approval for businesses that might be declined by traditional lenders.

How does Resolve enhance the buying experience for my customers?

Resolve provides a white-label payment portal that maintains your brand throughout the customer experience. Your customers can pay via ACH, wire transfer, credit card, or check, giving them flexible payment options. The portal provides real-time visibility into their credit limits and payment history, creating a transparent and professional experience. By offering net terms through Resolve, you increase your customers' purchasing power, enabling them to place larger orders and buy more frequently.

This post is to be used for informational purposes only and does not constitute formal legal, business, or tax advice. Each person should consult his or her own attorney, business advisor, or tax advisor with respect to matters referenced in this post. Resolve assumes no liability for actions taken in reliance upon the information contained herein.