What We Learned About RapidAdvance From RapidAdvance’s Planned Securitization
January 1, 2019
| By: deBanked Staff
RapidAdvance is raising money through their first-ever securitization. This is what we’ve learned about the company as a result so far, thanks to the bond ratings process:
2017 origination volume: $260 million | See how this ranks against their peers
Lifetime funding volume: > $1.5 billion
Total shareholder equity: $54 million
Majority owned by: Rockbridge Growth Equity LLC
# of employees: 168
Notable strategic partnerships: Office Depot and Worldpay
Provides: Mainly Business loans (≈80%) but also merchant cash advances (≈20%)
Founded: 2009
Generates deals via: 62% ISO & Funding Partner Channel / 38% Direct
Other funders that recently did their first securitizations include Credibly and Strategic Funding Source.
Last modified: January 1, 2019
