About Swift Financial
Swift Financial is a company based in Wilmington (United States) founded in 2004 was acquired by PayPal in October 2017. Swift Financial has raised $115.7 million across 9 funding rounds from investors including PayPal, Khosla Ventures and Third Point Ventures. The company has 222 employees as of December 31, 2016. Swift Financial operates in a competitive market with competitors including Taulia, C2FO, Kabbage, Fora Financial and BFS Capital, among others.
- Headquarter Wilmington, United States
- Employees 222 as on 31 Dec, 2016
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Financial Services
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- Legal Name Swift Financial, Llc
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Funding Insights of Swift Financial
Swift Financial has successfully raised a total of $115.7M across 9 strategic funding rounds. The most recent funding activity was a Series D round of $42.54 million completed in March 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Swift Financial
Swift Financial has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include PayPal, Khosla Ventures and Third Point Ventures.
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Corporate-backed venture capital is focused on fintech and multiple sectors.
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Early-stage startups are funded by this venture capital firm.
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Investor details for Swift Financial
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Investments & Acquisitions by Swift Financial
Investment portfolio details for Swift Financial
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Financial Statements - Swift Financial
Detailed financials for Swift Financial
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Swift Financial Comparisons
Peer comparison for Swift Financial
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Competitors of Swift Financial
Swift Financial operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Taulia, C2FO, Kabbage, Fora Financial and BFS Capital, among others.
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AI-based electronic invoicing and supply chain management solution for businesses
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Provider of cash flow optimization and dynamic discounting solutions for businesses and vendors
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Business loans are facilitated through an online lending platform.
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Working capital financing solutions are provided to small businesses.
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Direct lender for working capital loans and merchant cash advances.
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Detailed competitors of Swift Financial
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Latest news on Swift Financial
Complete news archive for Swift Financial
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Frequently Asked Questions about Swift Financial
Swift Financial was founded in 2004 and raised its 1st funding round 3 years after it was founded.
Swift Financial is headquartered in Wilmington, United States. It is registered at Wilmington, Delaware, United States.
Swift Financial is a funded company, having raised a total of $115.7M across 9 funding rounds to date.
As of Dec 31, 2016, the latest employee count at Swift Financial is 222.
Swift Financial was founded in 2004 and is headquartered in Wilmington, United States. Financial services, including merchant cash advances, loans, and lines of credit, are extended to small businesses across the country. The firm was acquired by PayPal in August 2017, with the transaction anticipated to close by year-end. This acquisition enables PayPal to extend loans up to 500,000 and reach businesses beyond its established client base.
Swift Financial has 7 investors. Key investors include PayPal, Khosla Ventures, Third Point Ventures, Sutter Hill Ventures, and First Round Capital.