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Marketplace Lending Association Announces 11 New Members

January 12, 2017
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Marketplace Lending Association

WASHINGTON, Jan. 12, 2017 /PRNewswire/ — The Marketplace Lending Association (MLA) today announced the addition of eleven new companies to the Association. The new members join as the MLA works to expand its presence in Washington. The MLA was formed in 2016 by founding members Funding Circle, Lending Club, and Prosper Marketplace with the goal […]

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Funding Circle announces $100 million equity investment to help thousands more small businesses globally

January 11, 2017
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Sam Hodges Funding Circle

Round led by Accel, with participation from other existing equity investors Investment comes as UK business reached profitability for Q4 2016 Lending through Funding Circle passes $3 billion globally, benefitting over 25,000 businesses in the UK, US and Europe – creating more than 50,000 new jobs Funding Circle, the world’s leading lending platform focused exclusively […]

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Strategic Funding Source Integrates U.S. Operations of Capify

January 4, 2017
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breaking news

New York, NY – Strategic Funding Source, Inc., today announced that it has entered into an agreement to integrate the United States operations of Capify into its adaptive proprietary operating platform. Both Strategic Funding and Capify have been providing non-bank financing options to small and mid-size businesses for over a decade. This integration enables Strategic […]

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Bizfi Hits $2B Origination Milestone; Providing Financing to More Than 35,000 U.S. Small Businesses

December 22, 2016
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Bizfi

NEW YORK–(BUSINESS WIRE)–Today, Bizfi, the premier fintech company with a platform that combines aggregation, funding and a marketplace on a single platform for small businesses, announced that it has surpassed $2 billion in financing – through both growth and working capital – to more than 35,000 small businesses across America. The Bizfi.com marketplace was launched […]

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Fintech Startup BlueVine Raises $49 Million in Series D Funding

December 14, 2016
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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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Knight Capital Funding Announces New Chief Data Scientist, Alex Kondratyev

December 11, 2016
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news pad

MIAMI, Dec. 9, 2016 /PRNewswire/ — Knight Capital Funding, a financial services company dedicated to delivering working capital to small and medium sized businesses in an efficient and transparent manner, announced the hiring of Alex Kondratyev as its Chief Data Scientist. Kondratyev had been providing financial consulting to Knight Capital prior to accepting the role […]

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OnDeck Announces New $200 Million Revolving Credit Facility with Credit Suisse

December 9, 2016
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ondeck logo new

NEW YORK, Dec. 9, 2016 /PRNewswire/ — OnDeck® (NYSE: ONDK), the leader in online lending for small business, announced today the closing of a $200 million asset-backed revolving debt facility with Credit Suisse. In addition to its other funding sources, OnDeck may now obtain funding under the new credit facility with Credit Suisse, subject to […]

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SmartBiz Loans Ranked Number One Provider of Traditional SBA 7(a) Loans Under $350,000

December 5, 2016
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breaking news

SAN FRANCISCO, CA – December 5, 2016 – SmartBiz Loans, the first SBA marketplace and bank-enabling technology platform, has ranked as the number one provider of non-Express, SBA 7(a) loans under $350,000 for the 2016 government fiscal year. SmartBiz also ranked number five among providers of under $350,000 traditional SBA 7(a) and Express 7(a) loans […]

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Total Merchant Resources Launches Wholesale Funding Division, Secures $20 Million in Private Equity

December 1, 2016
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Total Merchant Resources Piscataway, NJ

TMRNOW to extend millions of dollars to ISOs Nationwide Dec 2, 2016 / Piscataway, NJ – An old name in the industry is now a new kid on the block with wholesale. Total Merchant Resources in Piscataway, NJ announced today that it is finished with a first round of funding and has secured $20 million […]

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CapFundNow Launches Funding Platform for ISOs and Agents

November 27, 2016
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press release

Hauppauge, NY – November 28, 2016 – CapFundNow.com has launched an online platform and portal that is bringing Funders and their offers direct to the ISO and Agent. This concept is taking the funding industry by storm. The platform was created to help streamline the funding industry by allowing the ISO and Agent to submit […]

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