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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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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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.
- Total Funding Total Funding
- Total Rounds 9
- Last Round Series D — $42.5M
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First Round
First Round
(23 Apr 2007)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2016 | Amount | Series D - Swift Financial | Valuation | Third Point Ventures , Sutter Hill Ventures |
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| Jan, 2014 | Amount | Series C - Swift Financial | Valuation |
investors |
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| Dec, 2012 | Amount | Series C - Swift Financial | Valuation | Sutter Hill Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Corporate-backed venture capital is focused on fintech and multiple sectors.
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Founded Year | Domain | Location | |
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VC firm investing in the US
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Founded Year | Domain | Location | |
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Early-stage startups are funded by this venture capital firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Swift Financial
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Swift Financial
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Swift Financial Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-based electronic invoicing and supply chain management solution for businesses
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| domain | founded_year | HQ Location |
Provider of cash flow optimization and dynamic discounting solutions for businesses and vendors
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| domain | founded_year | HQ Location |
Business loans are facilitated through an online lending platform.
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| domain | founded_year | HQ Location |
Working capital financing solutions are provided to small businesses.
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| domain | founded_year | HQ Location |
Direct lender for working capital loans and merchant cash advances.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Swift Financial
Frequently Asked Questions about Swift Financial
When was Swift Financial founded?
Swift Financial was founded in 2004 and raised its 1st funding round 3 years after it was founded.
Where is Swift Financial located?
Swift Financial is headquartered in Wilmington, United States. It is registered at Wilmington, Delaware, United States.
Is Swift Financial a funded company?
Swift Financial is a funded company, having raised a total of $115.7M across 9 funding rounds to date. The company's 1st funding round was a Series C of $7.92M, raised on Apr 23, 2007.
How many employees does Swift Financial have?
As of Dec 31, 2016, the latest employee count at Swift Financial is 222.
What does Swift Financial do?
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.
Who are the top competitors of Swift Financial?
Who are Swift Financial's investors?
Swift Financial has 7 investors. Key investors include PayPal, Khosla Ventures, Third Point Ventures, Sutter Hill Ventures, and First Round Capital.