[mcaguru]

Shopify Capital issued $71.8 million in merchant cash advances and loans in the fourth quarter of 2018, an increase of 81% versus the $39.7 million issued in the fourth quarter of last year. Shopify Capital has grown to approximately $447 million in cumulative cash advanced since its launch in April 2016 through 2018, approximately $92 million of which was outstanding on December 31, 2018.

[Nunya]

I still don't understand that math. They issued $72 mill in Q4 but the outstanding balance at 12/31 was $92 million? How fast do these damn things turn?