Shopify Capital Originated $393.6M in MCAs and Business Loans in Q3

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Shopify Capital, the funding arm of e-commerce giant Shopify, originated $393.6M in merchant cash advances and business loans in Q3, the company reported. That’s up from the $363M in the previous quarter.

Covid was a boon to Shopify Capital given its dependence on e-commerce businesses. Its 2020 funding volume was almost double that of 2019.

“Shopify Capital has grown to approximately $2.7 billion in cumulative capital funded since its launch in April 2016,” the company announced. The large volume and continued success has landed the Shopify Capital division in the company’s “core” bucket of “near-term initiatives” that will build the company for the long term, according to a presentation accompanying Q3 earnings.


Slide #22 of their Q3 presentation

shopify capital

Last modified: October 28, 2021

Category: Announcements, Business Lending, merchant cash advance

Home Announcements, Business Lending, merchant cash advance › Shopify Capital Originated $393.6M in MCAs and Business Loans in Q3


    Accord Business Funding

    Total Merchant Resources

    CFG Merchant Solutions

    Legacy Capital Group

    Wynwood Capital Group

    Lendini

    Legend Funding

    Fox Business Funding

    Bitty Advance

    Meridian Leads

    Hunter Caroline

    Infusion Capital Group

    Velocity Capital Group

    Arsenal

    The Smarter Merchant

    Yardline

    Highland Hill Capital

    Splash Advance

    Fresh Funding

    Percent

    Cashyew

    Proventure Capital

    South End Capital

    Queen Funding

    Liquidibee

    Spartan Capital

    National Funding