Merchants Capital - About the company
Merchants Capital is a series D company based in Carmel (United States), founded in 1990 by Michael Petrie. It operates as a Home loans provider. Merchants Capital has raised $106M in funding. The company has 734 active competitors, including 27 funded and 75 that have exited. Its top competitors include companies like loanDepot, Freedom Mortgage and Rate.
Company Details
- Website
- merchantscapital.com
- Social
- Email ID
- *****@merchantscapital.com
- Phone Number
- +1 **********
- Registered Address
- 410 MONON BLVD, CARMEL, IN 46032
Key Metrics
Founded Year
1990
Location
Carmel, United States
Stage
Series D
Total Funding
$106M in 1 round
Latest Funding Round
Investors
Ranked
25th among 734 active competitors
Employee Count
384 as on Aug 31, 2026
Similar Companies
Legal entities associated with Merchants Capital
Merchants Capital is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
MERCHANTS CAPITAL CORP. CIN: 734393 , United States, Active | Dec 28, 2022 | - | - | - |
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Merchants Capital's funding and investors
Merchants Capital has raised a total funding of $106M over 1 round. Merchants Capital has 1 institutional investor.
Here is the list of recent funding rounds of Merchants Capital:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Dec 12, 2024 | 2673844 | Series D | 8032394 | 1723450 | 1922072 | 1662106 |
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Merchants Capital's founders and board of directors
Founder? Claim ProfileThe founders of Merchants Capital is Michael Petrie.
Here are the details of Merchants Capital's key team members:
- Michael Petrie: Co-Founder & CEO of Merchants Capital.
View details of Merchants Capital's Founder profiles and Board Members
Merchants Capital's employee count trend
Merchants Capital has 384 employees as of Aug 26. Here is Merchants Capital's employee count trend over the years:
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Merchants Capital's Competitors and alternates
Top competitors of Merchants Capital include loanDepot, Freedom Mortgage and Rate. Here is the list of Top 10 competitors of Merchants Capital, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  loanDepot 2010, Lake Forest (United States), Public | Mortgage lender providing home loans, refinancing, and home equity solutions | $71.9M | 72/100 | |
2nd | Freedom Mortgage 1990, Mount Laurel Township (United States), Funding Raised | Home loans provider | - | 67/100 | |
3rd |  Rate 2000, Chicago (United States), Late Stage | Provider of mortgage loans | - | 61/100 | |
4th |  Veterans United Home Loans 2002, Columbia (United States), Unfunded | Home loans provider | - | - | 60/100 |
5th |  Motilal Oswal Financial Services 1987, Mumbai (India), Public | Diversified investment and advisory service provider | - | - | 60/100 |
6th | Mr. Cooper Group 1994, Dallas (United States), Public | Provider of financial services | - | - | 59/100 |
7th |  CMG Financial 2011, San Ramon (United States), Acquired | Provider of residential mortgage loans | - | - | 58/100 |
8th | Movement Mortgage 2008, Fort Mill (United States), Funding Raised | Online and mobile app based mortgage loans | - | - | 57/100 |
9th |  Summit Funding 1995, Sacramento (United States), Acquired | Provider of home loans | - | - | 57/100 |
10th |  Guild Mortgage 1960, San Diego (United States), Acquired | Provider of home loans | - | 56/100 | |
25th | Merchants Capital 1990, Carmel (United States), Series D | Home loans provider | $106M | 47/100 |
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Merchants Capital's Investments and acquisitions
Merchants Capital has made 2 investments in Rapido and Rapido. Merchants Capital has not made any acquisitions as of now.Reports related to Merchants Capital
Here is the latest report on Merchants Capital's geography:
News related to Merchants Capital
Filter this listMedia has covered Merchants Capital for a total of 8 events in the last 1 year.
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Merchants Capital Provides $138.5M Financing for White Plains Multifamily ProjectBetter Built by Barnes•Sep 03, 2026•Merchants Capital
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Merchants Capital Secures $10.8 Million for Kansas Affordable Housing DevelopmentConnect Media•Jul 10, 2026•Merchants Capital
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Merchants Capital Provides $99M Financing for The Elex Workforce Housing in Fort WayneCRE Market Beat•May 29, 2026•Merchants Capital
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Merchants Capital Provides $26.3M Financing for Historic Manhattan Multifamily Property ConversionBetter Built by Barnes•May 20, 2026•Merchants Capital, Freddie Mac, Merchants Bank
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$152M Secured by Merchants Capital for Affordable Housing in ColumbusConnect Media•Nov 25, 2025•LDG Development, Merchants Capital, Freddie Mac, Merchants Bank
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NRG Therapeutics Raises £50M Series B FinancingFinSMEs•Sep 08, 2025•Criteria Bio Ventures, Brandon Capital, Omega Funds, NRG Therapeutics and 7 others
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Carmel’s Merchants Capital names EVP of credit and operationsrejournals.com•Aug 26, 2025•Merchants Capital
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Bronx’s Eastchester Gardens Secures $231M Renovation FinancingCommercial Observer•Jun 18, 2025•Merchants Capital
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