Shopify Continues to Grow its Merchant Funding Business | Shopify is expanding its capital business by introducing several product innovations, giving merchants more diverse choices for managing their fundings. In Q1, Shopify Capital, a financing program offered in the US, Australia, Canada, and the UK, purchased & originated $805M worth of business loans, which is expected to surpass the $3B total for all of 2024. Read more
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OppFi: Bitty performed well in Q1 2025 | OppFi CEO Todd Schwartz reported that their investment in Bitty performed well in Q1 2025, contributing to OppFi's profitability and cash flow. Schwartz also emphasized that despite the uncertainty surrounding tariffs, Bitty is well-positioned for growth, capitalizing on significant imbalance between supply and demand for working capital among small businesses. Read more
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