Swift Capital - About the company
Swift Capital is a public company based in Wilmington (United States), founded in 2006 by Ed Harycki. It operates as a Provides merchant cash advance. Swift Capital has raised $98.8M in funding from investors like Sutter Hill Ventures, First Round Capital and Village Ventures. The company has 85 active competitors, including 6 funded and 6 that have exited. Its top competitors include companies like Libertas Funding, Tongo and OAREX.
Company Details
Swift Capital offers merchant cash advance to small businesses. Businesses can get funding amounts ranging from $5,000 to $300,000, depending on monthly revenue, financial payment history and business strength. Minimum requirements for funding are at least one year in business and at least $5,000 in monthly revenue.
- Website
- www.swiftcapital.com
Key Metrics
Founded Year
2006
Location
Wilmington, United States
Stage
Public
Total Funding
$98.8M in 8 rounds
Latest Funding Round
Investors
Ranked
7th among 85 active competitors
Employee Count
41 as on Dec 31, 2017
Exit Details
Public
Legal entities associated with Swift Capital
Swift Capital 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) | - |
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Swift Capital's funding and investors
Swift Capital has raised a total funding of $98.8M over 8 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 Capital has 6 institutional investors.
Here is the list of recent funding rounds of Swift Capital:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 29, 2016 | 6545068 | Series D | 1184228 | 4897970 | 4053521 | 5569720 |
Jan 17, 2014 | 4519886 | Series D | 3462489 | 1883398 | 3856521 | 7034055 |
Oct 17, 2012 | 3782391 | Series D | 2266327 | 2625776 | 3309179 | 5185704 |
View details of Swift Capital's funding rounds and investors
Swift Capital's founders and board of directors
Founder? Claim ProfileThe founders of Swift Capital is Ed Harycki.
Here are the details of Swift Capital's key team members:
- Ed Harycki: Founder of Swift Capital and founder of 1 other company.
View details of Swift Capital's Founder profiles and Board Members
Swift Capital's employee count trend
Swift Capital has 41 employees as of Dec 17. The total employee count is 82.0% lower than what it was in Dec 16. Here is Swift Capital's employee count trend over the years:
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Swift Capital's Competitors and alternates
Top competitors of Swift Capital include Libertas Funding, Tongo and OAREX. Here is the list of Top 10 competitors of Swift Capital, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Libertas Funding 2016, Greenwich (United States), Funding Raised | Provider of short-term, revenue-based financing to small and medium-sized businesses | - | 51/100 | |
2nd | Tongo 2016, Brooklyn (United States), Seed | Income commission calculation tools for real estate agents | $12.6M | 48/100 | |
3rd | OAREX 2012, Cleveland (United States), Seed | On-demand capital for digital ad businesses, enabling growth and liquidity | $125K | 46/100 | |
4th | Capify 2002, New York City (United States), Series B | provider of financial services | $10.3M | 45/100 | |
5th | Everest Business Funding 2013, Miami (United States), Funding Raised | Provider of revenue-based financing for businesses | - | - | 42/100 |
6th | Bolstr 2011, Chicago (United States), Acquired | KeyBank: Comprehensive financial solutions for personal, small business, and commercial clients | $7.06M | 42/100 | |
7th | Swift Capital 2006, Wilmington (United States), Public | Provides merchant cash advance | $98.8M | 42/100 | |
8th | Super G Capital 2008, Newport Beach (United States), Series A | Online platform for business loans | $6M | 37/100 | |
9th | Lendr 2011, Chicago (United States), Funding Raised | Working capital and invoice factoring solutions for small business growth | - | - | 37/100 |
10th | Grupago 2022, Mexico (United States), Seed | Provider of shipping and fulfillment software solutions for e-commerce businesses | $4.3M | 37/100 |
Looking for more details on Swift Capital's competitors? Click here to see the top ones
Swift Capital's Investments and acquisitions
Swift Capital has made no investments or acquisitions yet.
Reports related to Swift Capital
Here is the latest report on Swift Capital's sector:
News related to Swift Capital
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Swift system to disconnect some Iranian banks this weekendThe Business Times•Nov 09, 2018•Swift Capital
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PayPal Buys AI-Based Fraud Prevention Company For $120 Millionradarzero.com•Jun 22, 2018•PayPal, Swift Capital, Swift Financial
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PayPal to acquire Swift Financial to bolster small business lending mmotimes.com•Aug 09, 2017•Swift Financial, PayPal, Swift, Swift Capital and 1 other
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Fast & Simple Business Funding Through Swift CapitalSwift Capital•Swift Capital, Third Point Ventures, Sutter Hill Ventures, Khosla Ventures and 1 other
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