Sean Murray

Articles by Sean Murray

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CAN Capital is Changing the World’s Most Expensive Tire

January 16, 2017
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CAN Capital

Acting CEO Parris Sanz told the WSJ that what’s happening at CAN Capital right now is akin to changing a flat tire. “We hit a bump in the road and blew out a tire,” Sanz said. “We just need to change out the tire, and we’ll be back on the road.” But sources say that […]

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Funding Circle’s New $100 Million Funding Round is a Surprise, But it’s Really Not

January 13, 2017
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UK Flag

The alternative small business lender that is arguably offering the longest terms with the lowest rates has secured a $100 Million Series F Round, according to an announcement on Wednesday. With the round led by Accel, the strong sign of confidence contradicts the sentiment felt by many in the US about their business model. In […]

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Two U.S. Senators Say ‘Not So Fast’ to OCC’s Plans for Limited Charter

January 10, 2017
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Senator Sherrod Brown & Senator Jeffrey Merkley

The limited fintech charter concept is meeting resistance from prominent Senate Democrats Senator Sherrod Brown (D) and Jeffrey A. Merkley (D) both believe that the OCC does not possess the authority to grant the limited purpose charters it plans to move forward with. In a letter penned to Comptroller Thomas Curry on Monday, Brown and […]

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My Marketplace Lending 2017 Projections

January 8, 2017
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2017 projections

LendIt co-founder Peter Renton has projected that there won’t be any new industry IPOs this year. While I don’t know if I’d say he’s wrong (a year is a long time), one thing that has changed since 2014 is a shift away from the “tech” label. When OnDeck went public, they positioned themselves as a […]

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Merchant Cash Advance’s David and Goliath End an Era

January 5, 2017
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David vs. Goliath

Before there was Capify and CAN Capital, there was AmeriMerchant and AdvanceMe. Those are the original names of the two industry rivals whose history goes back more than 10 years. When I started working for an MCA company in 2006, I was taught two things, that AdvanceMe claimed to have a patent on merchant cash […]

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My Three Year Anniversary of Investing on Lending Club’s Platform

January 3, 2017
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3 Years Experience

It’s been three long years since the first month that I ever bought a Lending Club note and to commemorate the event, I decided to go back and see what I did and share what I’ve learned since then. In January 2014, I attempted to buy ten $25 notes for a total of $250, all […]

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deBanked’s Top 10 Most Read Stories of 2016

December 28, 2016
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Top 10

If 2015 was the year of the broker, well then 2016 was the year of readjusted expectations. The following are the top 10 most read stories of 2016 per our online analytics, some of which surprised even us. Either way, here’s what you read and shared on our website the most in 2016 in descending […]

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Brief: The CFPB’s Unconstitutionality

December 28, 2016
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This article is from deBanked’s Nov/Dec 2016 magazine issue. To receive copies in print, SUBSCRIBE FREE The Director of the consumer agency wields so much power that his authority actually violates Article II of the United States Constitution, according to the United States Court of Appeals for the District of Columbia Circuit which presided over […]

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THE SCAMMER OF SALAMANCA – How a former MCA broker wreaked havoc on an entire industry

December 25, 2016
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Scammer of Salamanca

This article is from deBanked’s Nov/Dec 2016 magazine issue. To receive copies in print, SUBSCRIBE FREE Last year, one small business owner pinged an expert online to see if a company named Corporate Restructure Inc. was legitimate, according to a question published on JustAnswer.com. The poster, who was anonymous, said the company offered to take […]

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CAN Capital’s Collateral ‘Adjustment’

December 24, 2016
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hard times

Last month, CAN Capital disclosed that they had “self-identified that some assets were not performing as expected” on the same day that three of the company’s top executives were put on leave. Since then it’s been reported that a discrepancy arose when CAN’s old systems were not equipped to handle the shift from variable payment […]

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