RapidAdvance Becomes Part of The Quicken Loans Family

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This is a follow up to the RapidAdvance/Rockbridge Growth Equity announcement a couple days ago. We now know that RapidAdvance got an enterprise valuation in excess of $100 million. RapidAdvance will become part of the Quicken Loans Family of Companies. Jeremy Brown will be continuing his role as CEO. I share his feelings on this transaction being especially historic because it is the first non-distressed acquisition of a merchant cash advance company. See the letter that was e-mailed below:

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Last modified: April 20, 2019
Sean Murray

Category: ACH Advances, business cash advance, merchant cash advance, merchant financing, merchant funding, merchant loans, MPR Authored