Pacific Mercantile Bank extended a line of credit to PriceSpider to support the company’s continued growth.

Irvine, CA-based PriceSpider launched as a consumer shopping engine in 2003. PriceSpider has now grown well beyond its roots to provide insights about consumer purchasing behavior across a growing list of global industries including some of the world’s top brands in consumer electronics, tools, major appliances, toys, consumer packaged goods, automotive and beauty.

“We are experiencing significant growth and need a banking partner that understands the unique working capital needs of a high growth SaaS technology company,” said Anthony Ferry, CEO of PriceSpider. “Pacific Mercantile Bank presented us with a customized solution that provides the flexible access to credit that we need and prepares us to transition to a more sophisticated financing structure in the near future as we continue to scale.”