# Swift Financial Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/swift-financial

- Industry: Financial Services
- Headquarters: Wilmington, US
- Website: www.swiftcapital.com
- Total disclosed funding: $50M
- Latest round: Series D (Mar 8, 2016)
- Investors on record: 6

## About

Swift Financial Corporation is a financial services company providing innovative funding solutions to small and medium-sized enterprises. The company specializes in enhancing access to capital for businesses, facilitating growth and development in their operations.Swift Financial Corporation, founded in 2006 in Wilmington, US, operates as a financial services provider focused on offering funding solutions to businesses. The company has engaged in 9 deals, with its most recent funding round being Series D in August 2017, where it raised USD 30.00 mn led by Third Point Ventures alongside investors such as First Round Capital and Khosla Ventures. Swift Financial Corporation is a subsidiary of PayPal, which has agreed to acquire the company as part of its expansion into providing comprehensive financial services.Swift Financial Corporation offers a variety of financial services tailored to meet the needs of small and medium-sized enterprises. The company’s core offerings include flexible funding solutions that enable businesses to access capital quickly and efficiently, thus facilitating their operational and growth strategies. These services cater to a diverse clientele, addressing the financial needs of various sectors across North America and beyond.Swift Financial Corporation generates revenue primarily through the fees associated with its funding solutions. The revenue model includes interest fees on the amounts advanced to businesses, typically structured to accommodate the cash flow cycles of small and medium-sized enterprises. This allows clients to manage their financial commitments effectively while benefiting from the funding provided.Swift Financial Corporation plans to leverage its recent funding for product development and market expansion. The company is currently designing new funding solutions tailored to emerging market demands, with expected releases in late 2023. Additionally, Swift Financial aims to expand its services into new geographic regions, targeting markets in Europe and Asia-Pacific by 2025. The acquisition by PayPal will further support these initiatives, providing the necessary resources and technological capabilities to enhance service delivery.

## Funding rounds

- Series D, Mar 8, 2016, $30M — Sutter Hill Ventures, Khosla Ventures, First Round Capital, Third Point
- Series B, Feb 21, 2008, $20M — Sutter Hill Ventures, Village Ventures, Permit Capital

## Investors

- Sutter Hill Ventures (https://capitalatlas.ai/funds/sutter-hill-ventures) — Series B, Series D
- Village Ventures (https://capitalatlas.ai/funds/village-ventures) — Series B
- Permit Capital — Series B
- Khosla Ventures (https://capitalatlas.ai/funds/khosla-ventures) — Series D
- First Round Capital (https://capitalatlas.ai/funds/first-round-capital) — Series D
- Third Point (https://capitalatlas.ai/funds/third-point) — Series D