Square’s Merchant Cash Advance Program Now Among Biggest in the WorldMarch 10, 2016 | By: Sean Murray
Square originated more than $400 million worth of merchant cash advances advances in 2015, according to their Q4 earnings report. Their average deal size was just shy of $6,000. The result is a 300% increase year-over-year and makes them one of the largest players in that industry worldwide.
|Company Name||2015 Funding Volume||2014 Funding Volume|
|PayPal Working Capital||$900,000,000||$250,000,000|
|Fundry (Yellowstone Capital)||$422,000,000||$290,000,000|
|Strategic Funding Source||$375,000,000||$280,000,000|
A much longer list will be available in deBanked’s March/April 2016 Magazine Issue. SUBSCRIBE FREE to make sure you obtain a copy.Last modified: March 10, 2016
Sean Murray is the founder of deBanked, an 11-year veteran of the merchant cash advance industry, a casual Lending Club and Prosper note investor, the co-founder of Daily Funder, an alternative lending speaker, consultant, writer, and enthusiast. Connect with me on LinkedIn or follow me on twitter.