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Software as a Service (SaaS)
Software as a Service (SaaS) is a business model where software or digital product is accessed by users over the internet, typically on a subscription basis. This approach eliminates the need for customers to install, maintain, or update software on their own devices, as these tasks are managed by the provider.
In business finance, SaaS companies often rely on predictable, recurring revenue streams. Financing options like venture capital, revenue-based financing, or merchant cash advances can help these businesses scale operations, invest in product development, and optimise customer acquisition strategies.
Example SaaS Business Platforms: Slack, Zoom, Salesforce
