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AMA Recovery Group Announces Joshua Pena as Director of Client Relations

April 4, 2017
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AMA Press Release

Houston, TX — We are pleased to announce Joshua Pena has been brought on board to oversee our client services in the capacity of Director of Client Relations. Josh brings over 15 years of customer relations and operations experience to our team. Prior to joining AMA, Josh served as Vice President of Operations for a […]

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In Advance Capital Secures $50 Million In Additional Financing

March 29, 2017
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company news

New York, NY — On March 27th, Times Square-based In Advance Capital secured a $50 million credit line to continue the rapid growth of its merchant cash advance business. The eighteen-month-old company, led by founders Shalom Auerbach and Thomas Corliss, attributes its portfolio transparency, discipline, and strong relationships with investors as the key contributing factors […]

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Brickell Capital Finance Inks Deal with Liquid FSI Convert2Pay™

March 16, 2017
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press release

Miami, FL. March 16, 2017—Brickell Capital Finance, Inc., a leader in providing consumer facing loans to the healthcare industry, will offer Liquid FSI’s Convert2Pay™ through its 75 sales reps nationwide. Eli Mualin, President and CEO of Brickell said, “We believe that Convert2Pay is a ‘game changing’ Fintech product for the healthcare industry. It allows providers […]

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Kabbage Prices $525 Million Securitization; Anticipates “A(sf)” Rating on Its Debt

March 8, 2017
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Kabbage

Facility to Enable Expansion of Product Mix for Larger Businesses Kabbage®, a pioneering financial services, technology and data platform, today announced that on March 7, 2017, it priced $525 million of fixed-rate, asset-backed notes in a private securitization transaction. The facility is expandable to $1.5 billion. The notes will be issued in four classes by […]

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Upstart Raises $32.5M

March 6, 2017
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company news

It’s been three years since we launched the Upstart lending platform, and today we’re pleased to announce we’ve raised $32.5M to take our business to the next level. The funding round was lead by Rakuten, a global leader in internet services and global innovation headquartered in Japan, and by a large US based asset manager. […]

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Patch of Land Hires Chief Investment Product Officer, Matthew Zall, Recognized Capital Markets Expert and Innovator of Lending Products for the Single-Family Home Rental Market

March 5, 2017
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breaking news

Prepares to add lending products for $6 trillion single-family rental market LOS ANGELES- March 6, 2017 – Patch of Land, a leading online real estate marketplace lender and crowdfunding platform, announces the addition of Matthew Zall as Chief Investment Product Officer as the firm prepares to expand into the single-family rental market with longer term, […]

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Innovative Lending Platform Association and Coalition for Responsible Business Finance Join Forces

March 5, 2017
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breaking news

CRBF joins ILPA to promote responsible lending and increase access to capital for small businesses NEW YORK, Early Release — The Innovative Lending Platform Association (ILPA) and the Coalition for Responsible Business Finance (CRBF) today announced they are joining forces and will now operate as the ILPA – the leading trade organization representing a diverse […]

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CIM Commits Additional $100M to Funding Circle to Help Fuel Small Businesses

March 1, 2017
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Funding Circle Logo

SAN FRANCISCO, March 1, 2017 /PRNewswire/ — Funding Circle, the world’s leading lending platform focused exclusively on small business, today confirmed Community Investment Management (“CIM”), an impact investment firm focused on marketplace lending, will finance an additional $100 million in loans to businesses originated through Funding Circle in the U.S. The multi-year agreement, which extends […]

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Lendio Announces First-of-Its-Kind Marketplace Lending Franchise Program

March 1, 2017
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Lendio

Lendio, the nation’s leading marketplace for small business loans, today announced it is expanding the reach and availability of its small business lending options with the launch of a new franchise program. The Lendio franchise program complements the company’s core value of helping small business owners fuel the American Dream. Through this program, franchise owners […]

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Prosper Marketplace Closes Loan Purchase Agreement for up to $5 Billion of Loans with Consortium of Institutional Investors

February 27, 2017
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Prosper Marketplace

SAN FRANCISCO–(BUSINESS WIRE)–Prosper Marketplace, a leading online consumer lending marketplace, today announced that it has closed a deal with a consortium of institutional investors to purchase up to $5 billion worth of loans through the Prosper platform over the next 24 months. The investors in the consortium are affiliates of each of New Residential Investment […]

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