Swift Capital: PayPal : Payment giant PayPal buys Philly-area's Swift

(4-traders.com) Aug. 10--PayPal, the online-payments giant, has agreed to buy Swift Financial, the fast-growing, small-business lender based in Wilmington and Conshohocken. The price wasn't disclosed but people close to the deal said it was profitable for investors, led by Sutter Hill Ventures of Silicon Valley and including Philadelphia-based First Round Capital...http://www.4-traders.com/PAYPAL-HOLDINGS-23377703/news/PayPal-Payment-giant-PayPal-buys-Philly-area-s-Swift-24927753/