Articles by Gerelyn Terzo

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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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Funding Circle’s Hodges Talks $250 Billion Opportunity

August 3, 2017
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Sam Hodges

Funding Circle, a marketplace that matches small businesses with lenders, broke a new barrier in the first half of 2017 with an 80 percent spike in global lending by about GBP 800 million. The U.S. marketplace lending arm, which was merged with UK-based Funding Circle in 2013, has experienced rising momentum over the same period. […]

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As Some Alternative Lenders Stumble, Lendio Surpasses New Milestone

July 27, 2017
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Brock Blake Full

Salt Lake City-based Fintech startup Lendio has surpassed the $500 million threshold for loans originated to U.S. small businesses through its online marketplace. Lendio has been on a tear, evidenced by the fact that much of that amount, or $453 million, was done in the past two years. The loans were distributed to 21,000-small businesses, […]

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Becoming a Bank – Varo Articulates the Leap from Fintech to Banking

July 26, 2017
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Colin Walsh Varo

Above: Colin Walsh, CEO and Co-founder, Varo Money Varo Money wants to become Varo Bank. The completely mobile-app driven fintech startup already lets customers juggle financial tasks with the touch of a button but now they want to make it official. Varo has applied for a full national bank charter with the bank’s headquarters in […]

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PayPal & LendUp Bridge Financial Inclusion Gap

July 25, 2017
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Sasha Orloff

Sasha Orloff, CEO, LendUp PayPal put its stamp of approval on fintech startup LendUp, evidenced by a strategic investment by the eBay spinoff in recent weeks. In doing so PayPal demonstrated its commitment to non-prime borrowers, which is the demographic that San Francisco-based LendUp targets. The pairing brings together the chief executives of two companies […]

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