Wilmington-based Swift Capital reports gains, has impressive backers including First Round Capital

Written by Tom Paine, Philly Tech News

In a recent announcement, Wilmington-based Swift Capital reported some impressive numbers.

The small business lender said it had 87% year-over-year revenue growth in 2015, while total¬†funding passed $500 million. Swift says it now has extended working capital credit to over 10,000 unique businesses. Founded in 2007, it is headed by Ed Harycki, founder and CEO, who’s prior roles include being chief executive of MBNA’s business-lending division. And he’s surrounded by what appears to be a talented management team.

What surprised me was Swift’s sources of funding. It is an impressive list, including Sutter Hill Ventures, Khosla Ventures, SV Angel and First Round Capital.

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