GoDaddy Introduces A Merchant Cash Advance Program to Support SMEs

GoDaddy Inc. (NYSE:GDDY) is one of the 10 Most Promising Technology Stocks to Invest In. On August 21, GoDaddy Inc. (NYSE:GDDY) introduced GoDaddy Capital, a merchant cash advance program that offers $1 million in the hands of SMEs.

GoDaddy has spotted the gap, and a recent survey of approximately 2,100 U.S. small businesses from the GoDaddy Small Business Research Lab found that SMEs need access to capital. Almost 51% of the businesses said they operate with limited cash flow, and they consider this to be their biggest financial barrier to growth. Through GoDaddy Capital, these small businesses will have access to around $1 million in as little as 24 hours.

“In today’s AI-driven, agentic world—where SMBs expect fast, intuitive, and seamless experiences—the standard banking loan process is surprisingly archaic. To make financing simple and intuitive for small businesses, we built GoDaddy Capital right into the GoDaddy dashboard. GoDaddy Capital provides quick, variable-size funding and gives businesses the ability to adjust payments on the cash advance based on their success,” said Kasturi Mudulodu, president of Commerce at GoDaddy.

GoDaddy Capital will only be available to the company’s payment users, which will help attract more businesses to the company. The new offering will allow small businesses to pay down the advance through a fixed percentage of each day’s sales, providing them with one streamlined platform to take payments, manage cash flow, and secure working capital.

GoDaddy Inc. (NYSE:GDDY) is focused on serving a market of entrepreneurs, developing and delivering easy-to-use products in a one-stop shop solution.

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Disclosure: None. This article is originally published at Insider Monkey.