PayPal Still Leads in Unsecured Small Business Lending

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PayPal recently disclosed the dollar amount of receivables it had “purchased” between its working capital and business loan program for the first 3 combined quarters of 2020. The figure was $1.5B, down by more than half from over the same period last year. That would seem to suggest that the actual origination figure is probably $1.3B, which is still larger than some of its closest competitors. Numbers from rivals like Kabbage (recently acquired by Amex) and Amazon were not readily available.

For a larger comparison chart, click here.

2020 YEAR TO DATE:

Company Q1 2020 Q2 Q3 YTD TOTAL
PayPal $1.3B
OnDeck $592M $66M $144M $806M
Square Capital $548M $0 $155M $703M
Shopify Capital $162.4M $153M $252.1M $567.5M
Last modified: November 12, 2020

Category: Online Lending


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