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Who's Actually Funding Working Capital? Four Public Fintechs Put Up $5.6B in One Quarter

46 minutes ago
3 min read

Block, Enova, Shopify and PayPal originated roughly $5.6 billion in small-business financing in Q1 2026, up 69% from the same quarter two years earlier. Those numbers have been in SEC filings and earnings calls, but we put them on the same chart, quarter by quarter, until now. Funder Intel's new Public-Company Business Financing Tracker does that, and the animation below shows what two years of it looks like.


working capital
Still image; see full motion graphic below.

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