Articles by Gerelyn Terzo

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Bizfi Alum Jared Weitz Reflects on Demise of Former Employer and Rise of UCS

October 9, 2017
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Jared Weitz deBanked Magazine Cover United Capital Source

Jared Weitz has come a long way since his earlier days as one of the original Bizfi employees. Today he’s at the helm of online funding marketplace United Capital Source (UCS), which has been on a tear since deBanked last spoke with Weitz a couple of years ago. The UCS founder and chief executive took […]

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Kabbage’s Petralia Talks Big Tech, Fintech and Lending

October 2, 2017
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Kathryn Petralia Kabbage

Kabbage co-founder and head of operations Kathryn Petralia was in New York last week for The Economist’s Finance Disrupted 2017 conference where she was a panelist on in an Oxford-style debate about whether tech giants Alibaba, Amazon, Apple, Facebook and Google pose a greater challenge to traditional banks than the fintech startup community. Her position […]

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How LendingTree and SnapCap Crossed Paths

September 25, 2017
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Lending Tree Lenny

LendingTree in recent days revealed the acquisition of online platform for small business lending SnapCap’s non-lending assets in a $21 million deal, including $12 million upfront and $9 million in contingency payments. The deal gives online lending marketplace LendingTree more scale in the small business market ahead of what could shape up to be recovery […]

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ShopKeep Joins the MCA Crowd. Are Loans Next?

September 8, 2017
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Michael DeSimone ShopKeep CEO

Above: Michael DeSimone, ShopKeep, CEO ShopKeep, an iPad-based cloud-connected technology company designed around POS and payments for small businesses, is expanding into MCAs with the launch of ShopKeep Capital in recent days. With its move into funding ShopKeep joins an area that competitor Square already operates in. But while both companies have unlocked the secret […]

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Ford, MCA Funders Take Pages from Tech-Based Underwriting

August 29, 2017
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Ford

Alternative lending fever has spilled over into the auto sector, evidenced by the financing arm of automaker Ford’s decision to move beyond FICO and deeper into machine learning for credit decisions. Ford is moving toward alternative lending strategies in an attempt to capture a wider swath of borrowers, including those with “limited credit histories,” and […]

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Why BFS Capital’s Glazer Is Passing the Torch

August 22, 2017
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Marc Glazer

Above: Marc Glazer, former CEO/current chairman, BFS Capital Marc Glazer co-founded BFS Capital in the early 2000s and has remained at the helm all this time – until now. Glazer has passed the torch over to Michael Marrache, effective last week. He isn’t going too far, as the former chief executive will remain chairman of […]

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The Scoop on iPayment’s MCA Renaissance

August 18, 2017
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Tomo Matsuo iPayment Capital

Above: Tomo Matsuo, SVP, iPayment Capital iPayment, a small business payment processing company, is placing a bet that it could be better the second time around in the MCA industry. iPayment Capital, which is scheduled to launch in the fall, is iPayment’s second foray into the merchant cash advance market. In conjunction with this expansion […]

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Go West, MCA Broker

August 16, 2017
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Sean Murray on Union Pacific Train

Above: Sean Murray of deBanked aboard a Union Pacific Train in Fort Worth, Texas If you check out the deBanked forum, one of the latest discussions originated from a self-described newbie business owner who wants to know, ‘What separates a successful ISO from the rest?’ The user, who calls himself jellyfish capital, asks the deBanked […]

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PayPal Scoops Up Swift Financial

August 10, 2017
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Darrell Esch

Above: Darrell Esch, VP and Commercial officer, Global Credit, PayPal Online lending M&A is under way. PayPal is bolstering its merchant lending capabilities with the addition of Swift Financial. While the deal was kept under wraps, some industry participants heard some buzz about a possible combination. PayPal has been investing in its lending arm of […]

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Breslow: The Advantage Goes to Scale Players

August 8, 2017
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Noah Breslow, CEO, OnDeck

Above: Noah Breslow, CEO, OnDeck OnDeck’s recent quarter answered a host of questions that surrounded the online lender, touching on everything from market share gains, to year-end profitability, to double-digit loan origination growth on the horizon. Another major growth driver that took the spotlight was the partnership between OnDeck and JPMorgan Chase, which has been […]

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