Articles by Gerelyn Terzo

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Kabbage Crosses $4 Billion in Loans, Taps C-Suite Exec for Intl Expansion

December 6, 2017
Article by:

Victoria Treyger, Kabbage

Above: Victoria Treyger, Chief Revenue Officer, Kabbage Alternative lender Kabbage is exiting 2017 with a bang, having just crossed the $4 billion threshold for loans deployed across more than 130,000 small businesses so far. The latest milestone represents a 30% spike in both total funding and the number of merchants on its platform since April […]

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Canadian Merchants Show An Appetite For Capital

November 25, 2017
Article by:

Vancouver, BC

In Canada, the average deal size for a merchant is anywhere between $20,000 and $30,000 in funding, depending on who you ask. That’s why when one startup recently funded a $300,000 CAD advance from its balance sheet to a Canadian merchant, the deal turned some heads. While it’s unclear whether this amount could be indicative […]

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Kabbage Taps Debt Capital Markets for a Cool $200 Mil

November 16, 2017
Article by:

Kabbage Logo

Kabbage has been accessing the capital markets fast and furiously, most recently on the debt side. Today they’ve announced a new $200 million asset backed revolving credit facility with Credit Suisse. Just a couple of months ago, Kabbage attracted $250 million in equity to its coffers from SoftBank, which the alternative funder will direct toward […]

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The Bad Broker And Merchant Due Diligence

November 15, 2017
Article by:

robbers

There may be a rogue broker on the loose. The scam involves a fraudulent Letter of Intent (LOI) falsely claiming to be that of a major funder designed to resemble the real McCoy. Events like this place a spotlight on the risks associated with this market and is a reminder that not all small businesses […]

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From Ineligible to 0% APR – Los Angeles Company Monetizes Startup Leads, Combats Stacking

November 10, 2017
Article by:

Credit Cards

Merchants have no shortage of options when it comes to accessing funding in today’s climate. And while MCAs and loan products have become more pervasive, one company’s solution is to reintroduce traditional financing in a strategic manner. Seek Business Capital finds credit card offers and credit lines for the credit-worthy who may not be eligible […]

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CFC on the Front Lines of the MCA Regulation Battle

November 6, 2017
Article by:

Capitol Building

As the US Senate attempts to reach a bipartisan agreement on relaxing some of the rules in the Dodd Frank legislation of 2010 that would treat banks more favorably, the MCA industry is having to fend off legislation and regulation of its own at the state and federal levels that could position funders in a […]

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View From The C-Suite: Alternative Funding Execs Talk Shop, The Landscape, And The Future

October 30, 2017
Article by:

Board room

Alternative funders have had a roller coaster 2017 with highs and lows that will likely be remembered as a high-stakes time for the industry, one in which the rubber met the road for many and the market landscape shifted for everyone from funders, to merchants to brokers. Three C-Suite executives in the alternative funding space […]

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Insurtech, the Alt Lending of 2017

October 17, 2017
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InsurTech

A new asset class is emerging and it’s taking top talent away from the alternative lending space. Insurance technology, or insurtech, is a nascent market segment that presents a similar market opportunity that fintech did back in the day, sources say. And while there are parallels between the two niches, the market landscapes are unique […]

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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
Article by:

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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