Stripe Capital Originated 81,000 MCAs and Business Loans in 2025

Stripe, currently in the news for its $159 billion valuation and its potential interest in acquiring PayPal, originated 81,000 merchant cash advances and business loans in 2025 through its subsidiary Stripe Capital. Stripe didn’t say what that equated to in total funding volume but when compared to a rival’s (Square Loans) historical data, it puts it in the likely range of $800 million to $1.2 billion.

Stripe recently conducted a study to measure the impact of Stripe Capital on its customers and found that “businesses that accepted Capital offers grew 27 percentage points faster over the following year than comparable businesses that didn’t.”

“The averages conceal a wide spread,” the company said. “The fastest-growing decile of financed businesses grew more than 3× faster than comparable peers; the next decile grew nearly 100 points faster. A representative example: Xirsys, a server hosting business based in California, used financing from Stripe Capital to set up additional servers in China, India, and Japan, subsequently doubling its revenue. Notably, even businesses with low credit scores grew 11 to 18 percentage points faster after receiving financing.”

Stripe’s rumored interest in PayPal is also notable in the fact that PayPal also has a business loan program. Last year PayPal funded $2.2 billion to small businesses, down from $3 billion in 2024.