Archive for 2016

A Q4 To Remember – A Timeline

December 18, 2016
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This article is from deBanked’s Nov/Dec 2016 magazine issue. To receive copies in print, SUBSCRIBE FREE In case you haven’t noticed, it’s been an interesting few months for alternative finance. The below timeline is an expanded version of what appears in the print version of our Nov/Dec magazine issue. 9/27 Able Lending secured $100 million […]

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CAN Capital Woes Continue – Layoffs Commence

December 16, 2016
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dan demo

More information is slowly starting to come out about the recent C-level removals at CAN Capital. In the meantime, the company announced major layoffs just before the holidays. American Banker says the number is 136 employees laid off just at CAN’s Kennesaw, GA office. Multiple brokers that have done business with CAN in the past […]

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A True Rapid Advance For Mark Cerminaro

December 16, 2016
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Mark Cerminaro - Top Half of deBanked Cover

This article is from deBanked’s Nov/Dec 2016 magazine issue. To receive copies in print, SUBSCRIBE FREE In the 1999 film “Any Given Sunday,” Al Pacino plays a pro football coach whose obsession with winning has torn apart his family. He’s also plagued by a meddlesome team owner, challenged by an offensive coordinator who’s after his […]

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+1 for Swift Capital, -1 for Lending Club

December 15, 2016
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news

Swift Capital has named Tim Naughton as Chief Legal Officer, according to a company announcement on Thursday. “Prior to joining Swift Capital, Naughton advised Bank of America’s small business lending and deposit services as assistant general counsel and senior vice president,” it says. “He served as external counsel for American Express and Sallie Mae, and […]

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AI Sales Assistant Penetrating Alternative Finance Raises $34 Million in Series B Round

December 15, 2016
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digital brokers

Wondering how your competition always seems to be so on top of their game? They might be using an artificially intelligent sales assistant. Such technology was reported on last month when deBanked learned that it had penetrated the alternative business financing industry through at least one company named AI Assist. AI Assist is powered by […]

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RapidAdvance’s Mark Cerminaro is deBanked’s November/December Cover

December 14, 2016
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Mark Cerminaro of RapidAdvance

It’s been a quick rise for Mark Cerminaro, who won the 2016 Commercial Finance Association’s 40 Under 40 Award and is the Chief Revenue Officer of RapidAdvance based in Bethesda, MD. He is featured in the November/December issue of deBanked magazine that is currently being delivered to subscribers nationwide. If you haven’t already subscribed, you […]

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Fintech Startup BlueVine Raises $49 Million in Series D Funding

December 14, 2016
Article by:

company news

The company has provided more than $200M in financing to thousands of businesses In response to customer demand BlueVine is increasing credit lines to $2 million for invoice factoring and $100,000 for business lines of credit Company is expanding strategic relationships with partners like Intuit REDWOOD CITY, Calif. (December 14, 2016) ­ BlueVine, a leading […]

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Fifth Third Bank/ApplePie Capital Deal Great, But Bank Deals For Many Other Business Lenders Still a Pie in the Sky

December 13, 2016
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Apple Pie

Fifth Third Bank is buying a stake in franchise marketplace lender ApplePie Capital as part of a $16.5 million venture round, the WSJ reported. The prediction that non-banks are evolving into banks is slowly coming true, but will the trend in the commercial space continue? Consider that ApplePie has only made 120 loans over the […]

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Alternative Funders Bid Adieu to 2016, Show Renewed Optimism for 2017

December 12, 2016
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Goodbye 2016

This article is from deBanked’s Nov/Dec 2016 magazine issue. To receive copies in print, SUBSCRIBE FREE After getting pummeled in 2016, many alternative funders have licked their wounds and are flexing their muscles to go another round in 2017. “The industry didn’t implode or go away after some fairly negative headlines earlier in the year,” […]

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Update: Stitt v OnDeck Class Action Dismissed

December 12, 2016
Article by:

ondeck ambulance chasers

In case you missed it, the class action lawsuit filed in August 2015 by small retail investor Carl Stitt against OnDeck, its officers and underwriting banks for violating securities laws, was dismissed in late September of this year. Stitt withdrew his suit without prejudice as to all parties, including another investor, Isaac Malafsky, whose own […]

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