What We Learned About RapidAdvance From RapidAdvance’s Planned Securitization

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rapidadvance

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

Category: Business Lending, merchant cash advance


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