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In the same way that Square built a payment-centric ecosystem for brick-and-mortar SMBs and micro-merchants, Stripe has reinvented online payment acceptance. In its Q3’19 10-Q, Square said Capital had originated 85,000 loans totaling $563M, up 38% year-over-year. Source: Square. Business lending & corporate cards.
The bulk of growth in 2017 was to businesses in the US, where the company originated $1B in loans. However, this may be because the company is limited on how much capital it can lend without raising bank debt, or may be a strategic decision to keep a cap on growth to avoid regulatory pushback. in 2017 and 2.6%
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