Squarespace Launches Squarespace Capital

Website-building platform Squarespace has launched Squarespace Capital, a flexible funding service for growing businesses. Squarespace Capital is currently available to eligible customers in the US and the UK, with international expansion planned for 2025.

Squarespace Capital aims to make funding more accessible than traditional lenders. While banks often require a lengthy track record of revenue and profitability – something many startups don’t yet have – Squarespace Capital bases approval on simpler criteria. This includes using Squarespace Payments and meeting the minimum payment processing threshold.

Instead of fixed monthly repayments, like banks do, Squarespace Capital takes a fixed percentage of the merchant’s daily sales. This setup supports a healthy cash flow, enabling merchants to pay more when the business is making more money and less during slower periods. A minimum periodic payment may still apply, depending on the type of financing.

Merchants can apply through the Squarespace site in minutes. Unlike traditional lenders with lengthy approval processes, Squarespace Capital typically provides a decision within a few business days and deposits funds within the same short timeframe.

Merchants can use the funds to support business growth, including hiring staff, introducing new or upgrading existing products and services, investing in equipment, expanding locations, and more.

Squarespace expanded its financial toolkit in 2023 with the launch of its proprietary payment processing solution, Squarespace Payments. Recently, the platform also introduced Instant Payouts, enabling merchants to receive earnings within minutes instead of days. Together, Squarespace Payments, Instant Payouts, and Squarespace Capital form a robust commerce ecosystem designed to support both immediate cash flow and longer-term growth.

Similar to Squarespace, Wix recently launched two new financial solutions: a merchant cash advance program and a native, no-fee checking account that offers instant access to funds.

DIY website builders are evolving into all-in-one platforms, where business owners can do everything from creating a professional site and marketing their brand to selling products and even securing funding. This shift streamlines the process of managing and scaling a business.