This is the official page for deBanked
Operating as usual
This is wild!
Miami Mayor Francis Suarez wants NFL Quarterback Tom Brady to know that he’s totally in to crypto. Strange times as it may be, and stranger yet with a new TV commercial that has Brady communicating agreeably with New York Jets super fan Fireman Ed, the cool place to be is “in crypto.” That’s...
New CEO at Funding Circle
Samir Desai will step into a new role as a non-executive director on 1 January 2022.
Nuula (formerly BFS Capital) has raised $120M
/PRNewswire/ -- Nuula, a fintech company focused on small businesses, today announced $120 million in new funding. The total is made up of $20 million in...
Collecting this data on every application for the government will soon become a normal part of operating in the small business finance space.
A 918-page proposed rule published by the Consumer Financial Protection Bureau (if you don’t know what this bureau is, now is a good time to read up), is finally out. Its application is broad, extending to “loans, lines of credit, credit cards, and merchant cash advances,” the CFPB said today....
We talked to this Capital Dude, who just ranked #1,044 on the Inc 5000!
Coming in at rank #1,044 on the 2021 Inc 5000 list was a small business finance provider with a whimsical name, Capital Dude. Having some common ownership overlap with another Inc ranked company, Central Diligence Group (#2,893), the Dude told deBanked that they didn’t shut down or pause funding t...
Big change over at Reliant Funding!
Industry veteran and former Chief Marketing Officer is appointed Chief Executive Officer of the leading alternative finance company San Diego, CA (August 10, 2021) – Reliant Funding, a leading small business finance company, today announced that it has named Steve Kietz to the role of Chief Execut...
https://debanked.com/2021/08/shopify-capital-originated-363m-in-mcas-and-business-loans-in-q2/
Shopify Capital originated $363M between merchant cash advance and business loans in Q2, bringing the first half total to $671.6M. “Not only does Shopify Capital help fuel our merchants’ growth,” said Shopify President Harley Finkelstein in the quarterly earnings call, “our data tells us tha...
The average loan size is only $6,000.
Square Loans, the lending arm of the fintech bank Square, originated $627M of its Flex Loans in Q2, according to the company’s latest announcement. That brings the year-to-date total to $1.02B across 167,000 loans. The numbers produce a rough average of only $6,000 per loan. “After pausing flex ...
Lots of change at IOU!
Small business lender IOU Financial is undergoing one of the largest management shakeups of 2021. The company announced a slew of new hires and new roles for existing team members early this morning. Joining the company are: Carl Brabander, EVP of Strategy Jason Stevens, VP of Loss Mitigation Sam Ab...
The OnDeck acquisition is proving to be majorly profitable.
Enova, the international lending firm that owns the OnDeck brand, reported Q2 small business loan originations of $400M. That brings the year-to-date figure to $722M, approximately half of the volume OnDeck was producing prior to Covid. (OnDeck’s 2019 originations were $2.475B) “OnDeck’s perfo...
Instant commissions, instant funding via stable coins!
Velocity Capital Group is bullish on crypto as a means of payment. Company President and CEO Jay Avigdor told deBanked that the company is officially incorporating cryptocurrency in two ways: (1) Brokers can now choose to get paid commissions in cryptocurrency instead of cash. (2) Merchants can now....
Big news for Greenbox Capital
Miami-based Greenbox Capital, a small business finance provider, has acquired Level Up Funding. Level Up, which focused on small business lines of credit, was co-founded in 2019 by industry veterans Maciej Bykowski, once the Director of Sales for OnDeck, and Drew Batiato, the former Chief Credit Off...
So you did the right thing and got your California lending license. Well, now you have to transition it to something else right away... https://leasingnews.org/archives/Jul2021/07_23.htm#breaking
paying back a business loan through your credit card sales is now just something you can do at the bank.
Square Capital has been reduced to just one of several banking products under the Square Financial Services umbrella. That’s one result of Square successfully becoming a bank earlier this year. Loans will be one product offered alongside checking accounts, savings accounts, and debit cards. Just a...
National Funding on Growing its Team to Prepare for the Bull Run of 2022
“We’re about people and platforms,” President of National Funding Joe Gaudio said. “PP: People and platforms, not PPP, that’s my little acronym.” National Funding is back and looking to hire fresh talent, rebuilding their team after the pandemic rolled through the California market. “W...
Wow, big news for The Fundworks! $70 million
The Company Announced Today the Closing of a New Bank Credit Facility and the Issuance of Corporate Notes VAN NUYS, CA, July 13, 2021: The Fundworks, LLC, a leading a tech-enabled small business finance company, announced the recent closing of a $25.0 million Credit Facility with a commercial bank a...
LendUp Stops Making New Loans
LendUp, a fintech lender that hoped to disrupt the payday loan industry, is no longer making new loans. A note posted on its website said “We are currently not offering loans to new customers.” When deBanked sat down with the now former CEO Sasha Orloff in 2017, he said that their product was si...
Choo Chooooo
Erez Stamler, Managing Director of Fresh Funding, said that the events of the past year has been an up and down ride, from the initial shutdown shock to rushes in demand. Now that the world is back, those that survived are here to stay and need capital to grow. “At first the system was in […]
Wow!
Toronto-based Clearco, a fintech capital provider for online companies, has raised $215 million in a round led by SoftBank Vision Fund II. The financing event closed just weeks after Clearco completed its most recent financing, a $100 million round that quintupled its valuation to $2 billion. Clear....
Huge news for Idea Financial 😮
/PRNewswire/ -- Idea Financial, an industry leader in small business lines of credit, has successfully closed a new warehouse facility with Synovus Bank...
The #1 side business that finance industry professionals tell us they do to make money is real estate. We spoke with Kurtavious Ball, a physician assistant near Philadelphia who walked us through how easy and hard investing in it can be.
deBanked TV: Real Estate Investing Tips With Kurtavious Ball
BREAKING NEWS:
DataMerch grows past 50,000 unique records entered by funder-members Tampa, July 7th, 2021 /DeBanked/ — DataMerch.com, an online underwriting database for the alternative financing industry, announced they had surpassed 50,000 records in their database. The company that was founded in 2015 has gro...
We're building up a free archive of Merchant Cash Advance tutorials and tips! See them here:
The official news channel for fintech, online lending, alternative finance, and more
Apparently life can be quite good at a bank these days...
Inflation has arrived on Wall Street, and it's bringing smiles to the faces of junior bankers — in the form of much fatter paychecks.
Do you invest in crypto? You should probably be following the Tether story...
Mmore than $62.5 billion worth of Tethers have been printed in the last few years to facilitate liquidity in the crypto markets. The system has worked because the company behind Tether had long claimed that each unit of the digital currency was backed somewhere by a real dollar in a bank account. Th...
We've been up close and personal with the people who make the alt finance industry operate. Check out our original video series.
https://debanked.com/tv/?c=originals
We've been up close and personal with the people who make the alt finance industry operate. Check out our original video series.
https://debanked.com/tv/?c=originals
"Sean, would you actually recommend a merchant use alt finance that takes a percentage of their credit card sales?"
Sean: Yes, because I've done this for my own business...
deBanked TV: Would I Recommend Alt Funding? Yes, I've Used It Myself
Split-funding deals are still a hot market but you have to be well acquainted with the payments space.
Cash Buoy
Back in its heyday, the MCA industry began as credit card factoring. The original product was simple- purchase future credit card receivables, and collect a percentage of them every day: easy peasy. Then, the industry broadened into ACH, funding businesses that did not have credit card purchases and...
We've acquired the Lend Academy P2P/Investor Forum (just the forum, not the whole site) after it was seemingly permanently lost. We've been able to restore a lot of it back. Email [email protected] to restore account access.
The P2P Lending/Investor Forum formerly at LendAcademy.com is coming back! In late May, the online forum at LendAcademy.com went offline. Soon after, the forum URL was redirected to a note from the company that said the server hosting the data was no longer accessible. “Upon further investigation ...
The industry's weekly news in a quick minute!
deBanked TV: What's The Deal? - Ep 14
So many people in alternative finance are also investing in real estate. We spoke with successful real estate investor Ralph DiBugnara about how to get started and how he got into the business.
deBanked TV: Real Estate Investing With Ralph DiBugnara
Work harder, not smarter! Wait...what?
Thoughts?
With years of funding experience, a duo is creating an MCA cryptocurrency called Seed Token to build better payment collections and take part in what they call the future of financial transactions. “We started with the notion of using smart contracts and algorithms and blockchain to quicken the co...
Tomorrow, Sean Murray will be LIVE with Oz Konar from Business Lending Blueprint on deBanked TV. We'll be together in person. Tune in!
Tomorrow, Sean Murray will be LIVE with Oz Konar from Business Lending Blueprint on deBanked TV. We'll be together in person. Tune in!
Have you seen Kabbage appear in your business Amex dashboard?
American Express business cardholders may be seeing a notification from Kabbage in their online dashboards. This writer did today. “Introducing Kabbage®, now an American Express company. Streamline your business banking with Kabbage Checking™ and earn 1.10% APY on balances of up to $100,000, wi...
325 Gold Street, Ste 502
New York, NY
11201
| Monday | 10am - 6pm |
| Tuesday | 10am - 6pm |
| Wednesday | 10am - 6pm |
| Thursday | 10am - 6pm |
| Friday | 10am - 6pm |
Be the first to know and let us send you an email when Debanked posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.
Send a message to Debanked:
#mondaymotivation with a video of our President @seanmurraynyc speaking at @brokerfair 2019 about the importance of funding new business. #smallbusiness #businessloans #debanked #funding
Want to learn more about reverse consolidation? @kosherguru talks finance and Kosher food with us at @reservecutnyc !! Visit debanked.com/tv for more !! #debanked #kosher #kosherfoodie #businessfunding #finance #nyceats
Here's what we know about Lendit Fintech's first ever virtual event. Will you be there today for Day 3???
United Capital Source Inc. CEO Jared Weitz, who graced a 2015 cover of deBanked Magazine, returned for an interview with Sean Murray to discuss the state of the small business finance industry!
We recently spoke with Smarter Loans co-founders about online lending, fintech, and digital adoption in Canada as well as the impacts of COVID
Episode 23: California has passed a mini-CFPB bill, J***y Fernandez rides a NYC Taxi, & Peter Ribeiro of US Business Funding talks success in 2020 and beyond!
Episode 22 - Big news for BlueVine, restaurants sue NY over closures, and excerpts from our interview with Chris Hurn at Fountainhead Commercial Capital
Wishing you a Happy Labor Day! #merchantcashadvance #businessloans #sales #finance #smallbusinessloans #fintech #lending #debanked #broker #funder #lenders #leasing #factoring
We talk interest rates, the stock market, and fintech infrastructure in Episode 21 with J***y Fernandez and excerpts of an interview with Timothy Li, CEO of Alchemy
Episode 20 - New Yorkers respond to Seinfeld's op-ed, Intuit QuickBooks is rising up the small business lending charts, and Trey Markel of Centrex Software tells us what stats and trends he's seeing in the industry. 😎
Episode 19 - Kabbage/Amex, BF 2021, Big Tech Bets Big on NYC
Episode 18: The FTC's “Wipeout” Comments, Facebook, and Capiform 😎🙂
Chris Pepe at World Business Lenders Talks About Real Estate and Funding Deals
In this week's episode: The OnDeck sale, Batman, Bitcoin, and Christopher Pepe of WBL 😎
Our reporting on New York's new APR law and more!
The latest industry news from the studio to Wall Street with Sean Murray & J***y Fernandez
J***y Fernandez asks Sean Murray if he still feels the way he did about "the shakeup" he predicted in March...
We get this question a lot. “I sent my deal to some random company off a cold call, never got paid the commission, and I can’t find that company online to even complain, can you help me find them so I can get paid?” Unfortunately this might be a lesson learned situation. Don’t do this next time!
This is how Broker Fair Virtual started this morning
J***y Fernandez asked Sean Murray some questions about the upcoming Broker Fair 2020 Virtual and what the last few months might mean for events in general going forward.
A lot of you are working from home right now. We are as well! Check out our deBanked tips on how to keep your head in the game presented by Allyson Berger 🙂
Ladies and Gentlemen, the shakeup everyone has been predicting for years has come...
Industry shows (LendIt Fintech Conference and Broker Fair 2020 - Commercial Finance Expo) in mid-May will go on as planned, Funding Metrics secured a $100 million credit facility and the Democratic Primary Race has been narrowed down to two candidates. The news via Kayla Ayres
Prospertere Magazine - The Luxury Lifestyle P
295 Madison Avenue