Square 1 Bank provided a multi-year credit facility to new client ShopRunner, a membership-based online shopping service.

Proceeds from the facility will support general operations as the company continues to expand its member and retail partner bases.

Founded in 2010 by e-commerce entrepreneur Michael Rubin, ShopRunner offers exclusive benefits, including free two-day shipping, free return shipping, express check-out and member-only deals. The platform helps e-commerce retailers and brands compete with large online retailers like Amazon. ShopRunner is led by Sam Yagan, former CEO and current vice-chairman of The Match Group, and backed by Alibaba Group, Kynetic and American Express.

Ron Kundich, managing director in Square 1’s technology practice, said, “ShopRunner has built a unique platform with a proven track record of successfully connecting top retailers with online shoppers. The company has a strong pedigree and is poised for significant growth. We are pleased to welcome the ShopRunner team to the Square 1 family and look forward to supporting their efforts for years to come.”