How Kommunicate Scaled Globally with Multi-Currency, Non-Dilutive Funding
TL;DR
AI chatbot Kommunicate used multi-currency non-dilutive financing from Efficient Capital Labs in USD and INR to scale globally, fund growth, and operate efficiently across markets without diluting equity.
Highlights
Kommunicate had been bootstrapped since its founding in 2020, and was looking to scale without dilution.
They took USD financing from ECL to their US entity, and later leveraged INR financing to their INR entity.
This allowed them to scale, while financing costs in two markets and two currencies.
The product is extremely competitively priced and transparent... they provide capital not just at the lowest rate, but also in a remarkably short turnaround time. I would recommend ECL wholeheartedly to any SaaS company that is looking to raise capital
Learn how Kommunicate succeeded with ECL financing
Co-Founder & CEO at Kommunicate
About the company
Kommunicate is a technology startup that has built an AI-powered customer service automation platform for enterprises. Their product provides flexible and scalable generative AI-powered chatbots to teams of all sizes - including globally leading clients like KPMG, GAP, Rakuten and Bridgestone.
- Founded: 2020
- Headquarters: US
- Revenue / ARR (approx): 5.5M USD
- Team Size: 40-50
Challenges
ECL Solution
Before Efficient Capital Labs
- Recotap was growing but facing cash flow constraints due to delayed customer payments.
- Product rebuild and innovation plans were at risk due to lack of ready capital.
- Equity fundraising pressure amid scaling operations.
After Efficient Capital Labs
- Cash flow stabilized through non-dilutive financing, allowing smoother day-to-day operations.
- The engineering team expanded by 50%, accelerating product development.
- Maintained ownership and delayed traditional VC fundraising.
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ECL Impact
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The Invitation
Founders who drive the future, deserve capital that accelerates with them. Let’s make this the most efficient chapter of your story.