QuickBooks Capital Secures Significant Funding in Recent Quarter

QuickBooks Capital, the financial arm of Intuit, has had a successful quarter in terms of funding. According to Intuit’s latest earnings report, QuickBooks Capital provided $650M in funding in the quarter ending on October 31. Sandeep Aujla, Intuit’s CFO, expressed confidence in the company’s financial strategy, which includes payments, bill pay, and Capital. This positive outlook is supported by increased revenue and originations in the funding segment of the business, as well as strong portfolio performance. Additionally, Intuit reported that provisions for credit losses, charge-offs, and past due amounts were negligible for the quarter.

Intuit operates on a fiscal quarter system, and the period in question was considered Q1 2025 for the company. While QuickBooks Capital is now one of the leading online small business funders in the United States, it remains behind competitors such as Square Loans, Enova, and Shopify Capital in terms of total funding volume.

Overall, QuickBooks Capital’s strong funding performance in the last quarter reflects the company’s commitment to supporting small businesses and providing accessible financial solutions.