Sean Murray

Articles by Sean Murray

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Enrolling a Merchant’s “Debt” May Be Harmful… to the Merchant

March 29, 2017
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debt cure

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Citing Unnamed Sources, Reuters Reports Kabbage Possibly Looking to Acquire OnDeck

March 23, 2017
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whispers

Reuters is reporting that Kabbage is in talks to raise equity capital to potentially use for acquisitions and that OnDeck is one of several targets under consideration. As Reuters attributed the OnDeck portion to just one of their multiple unnamed sources, it’s entirely speculative at this point. From a theoretical perspective, would such a thing […]

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In This Online Lender’s Earnings Report, Profits, MCAs and Term Loans

March 22, 2017
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New York Stock Exchange

Enova (NYSE:ENVA) shows that an online lending business can be profitable Limited details were offered when Enova, a publicly traded company, acquired The Business Backer (TBB) in June 2015. For one, the Cincinnati Business Courier had the exclusive, which one might not describe as the typical go-to source for online finance news. But TBB was […]

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Are Those Shopping for an Online Loan More Risky?

March 18, 2017
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potential stacking

ID Analytics is enabling online lenders to know a thing or two they might not be able to find out on their own. For example, did a loan applicant apply for other loans on the same day? There’s a good chance ID Analytics can tell you the answer since they claim their Online Lending Network […]

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Mel Chasen, Founder of Rewards Network and a Merchant Cash Advance Visionary, Has Died

March 15, 2017
Article by:

candle

Melvin Chasen passed away on Monday. He was 88. Chasen founded Rewards Network in 1984 as Transmedia Network, Inc. and it went on to become the world’s largest dining rewards program. As part of that, the company pioneered the use of future sales to facilitate working capital to restaurants. Transmedia became iDine Rewards Network in […]

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Stolen Deals? How One Funder Used Technology to Say ‘No More’

March 14, 2017
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security camera

It’s another chapter in the saga of stolen deals, a problem that shops all over the country seem to be grappling with. For Miami-based Greenbox Capital, company CEO Jordan Fein hoped it was something that they didn’t have to worry about. But believing it was better to be safe than sorry, Greenbox launched a 90-day […]

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Brief: New York’s Attempt to Over-Regulate Lenders Downgraded to Doubtful

March 14, 2017
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Albany, NY - Capitol Building

The Governor’s budget bill has encountered resistance up in Albany, sources say, specifically Part EE that aimed to amend New York’s banking law and impose sweeping licensing restrictions on all types of lending and finance. Analysts felt that the language could have vast unintended consequences beyond just online lenders, including factoring, commercial lenders and brokers, […]

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On The Line With BlueVine After a Big Year

March 13, 2017
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Blue Invoices

Helping businesses get paid on their invoices faster is a big market. So big, in fact, that when I met up with BlueVine CEO Eyal Lifshitz at LendIt last week, his company had just recently secured a $75 million warehouse credit line with Fortress. BlueVine had also just come off of a big year in […]

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New York’s State Government is Competing With Online Lenders on Pay-Per-Click and Misinforming Small Businesses

March 10, 2017
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ny small business loan search

Move over online lenders, New York’s financial regulator is apparently shelling out big bucks to steer away New York’s online small business loan searchers to THEMSELVES. As someone who has historically kept tabs on Google’s search results for lending related keywords, this new result is one of the more interesting developments I’ve seen yet. From […]

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In Canada, Alternative Business Finance Industry Similar, Yet Different

March 8, 2017
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Canada

David Gens believes the top 3 alternative small business finance players in Canada are funding between $15 million and $20 million to small businesses a month combined. That’s a small market compared to the US, where the top 3 companies are funding close to a half billion dollars per month. Gens, who has a background […]

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