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.

How many employees does Swift Financial have?

As of Dec 31, 2016, the latest employee count at Swift Financial is 222.

Is Swift Financial a funded company?

Swift Financial is a funded company, having raised a total of $116M across 9 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Apr 23, 2007.

When was the latest funding round of Swift Financial?

Swift Financial's latest funding was a $***** Series D round on Mar 29, 2016, with participation from 4 investors.

Where does Swift Financial rank among its competitors?

Swift Financial ranks 9th amongst 81 active competitors, of which 11 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was Forward Financing, which secured $525M in Jul, 2026.

Who are the top competitors of Swift Financial?

Swift Financial's top competitors include Taulia, Kabbage and C2FO. Among them, Forward Financing secured the most recent funding round in July, 2026.

Swift Financial - 2026 Company Profile, Funding & Competitors

Q: Is Swift Financial an acquired company?

Swift Financial got acquired by PayPal on Oct 30, 2017.

Swift Financial is an acquired company based in Wilmington (United States), founded in 2004. It operates as a Working capital financing provider to small businesses. Swift Financial has raised $116M in funding from investors like Sutter Hill Ventures, First Round Capital and Village Ventures. The company has 81 active competitors, including 11 funded and 8 that have exited. Its top competitors include companies like Taulia, Kabbage and C2FO.

Company Details

Swift Financial provides financial services to small businesses across the country in the form of merchant cash advances, loans, and lines of credit. The firm was acquired by Paypal in Aug'17, with the deal expected to close by year end. Through the acquisition, Paypal will be able to offer longer term loans of up to $500,000 as well as target firms that are not -long-term clients.

Website: www.swiftfinancial.com//index.html
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Key Metrics

Founded Year

2004

Location

Wilmington, United States

Stage

Acquired

Total Funding

$116M in 9 rounds

Latest Funding Round

Series D, Mar 29, 2016, $*****

Investors

Sutter Hill Ventures & 6 more

Ranked

9^th among 81 active competitors

Employee Count

222 as on Dec 31, 2016

Similar Companies

Taulia & 130 more

Exit Details

Acquired by PayPal (Oct 30, 2017)

View Swift Financial's full profile

Swift Financial is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Swift Financial, LLC CIN: 204791216 , United States, Active	Mar 13, 2006	-	222 (As on Dec 31, 2016)	-

Swift Financial got acquired by PayPal on Oct 30, 2017 at an acquisition amount of $*****.

Click here to take a look at Swift Financial's acquisition in detail

Swift Financial has raised a total funding of $116M over 9 rounds. Its first funding round was on Apr 23, 2007. Its latest funding round was a Series D round on Mar 29, 2016 for $*****. 4 investors participated in its latest round. Swift Financial has 7 institutional investors.

Here is the list of recent funding rounds of Swift Financial:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 29, 2016	2652266	Series D	1806916	4881920	1899927	8631191
Jan 24, 2014	8334653	Series C	3637609	1161601	5825330	1303051
Dec 31, 2012	6856726	Series C	3235799	9971596	Sutter Hill Ventures	3833291

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View details of Swift Financial's funding rounds and investors

Swift Financial's employee count trend

Swift Financial has 222 employees as of Dec 16. The total employee count is 64.0% more than what it was in Dec 15. Here is Swift Financial's employee count trend over the years:

Employee count trend for Swift Financial

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Top competitors of Swift Financial include Taulia, Kabbage and C2FO. Here is the list of Top 10 competitors of Swift Financial, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Taulia 2009, San Francisco (United States), Acquired	AI-based electronic invoicing and supply chain management solution for businesses	$220M	Trinity Ventures, Zouk Capital & 26 others	73/100
2nd	Kabbage 2009, Atlanta (United States), Acquired	Online lending platform for business loans	$321M	SoftBank Group, Reverence Capital Partners ... & 30 others	64/100
3rd	C2FO 2008, Leawood (United States), Acquired	Provider of cash flow optimization and dynamic discounting solutions for businesses and vendors	$568M	Mithril, Mubadala & 20 others	58/100
4th	Fora Financial 2008, New York City (United States), Series A	Small business funding solutions: loans, revenue advances, lines of credit	-	Palladium Equity Partners, Truist & 8 others	58/100
5th	PrimeRevenue 2003, Atlanta (United States), Series C	Provider of supply chain finance solutions optimizing cash flow for buyers and suppliers	$104M	Battery Ventures, RRE Ventures & 2 others	57/100
6th	Sancus 2005, Reading (United Kingdom), Public	P2B business financing platform	$5.33M	Honeycomb Investment Trust, SpaceX	53/100
7th	Forward Financing 2012, Boston (United States), Funding Raised	Revenue-based financing for small businesses, providing accessible and flexible capital	-	-	53/100
8th	BFS Capital 2000, Coral Springs (United States), Series A	Direct lender for working capital loans and merchant cash advances.	$28M	Edison Partners, Ares Management & 1 others	49/100
9th	Swift Financial 2004, Wilmington (United States), Acquired	Working capital financing provider to small businesses	$116M	TriplePoint Capital, First Round Capital & 5 others	48/100
10th	Raistone New York City (United States), Seed	Provider of embedded working capital finance solutions for businesses	$15.5K	Amerant	42/100