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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MCA Company Files Suit Against Debt Settlement Company

January 16, 2017
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New York Supreme Court

Plaintiffs Pearl Gamma Funding, LLC and Pearl Beta Funding, LLC (Pearl) aren’t happy with what a debt settlement firm is allegedly telling their customers, according to a complaint filed in the New York County Supreme Court in November. “Creditors Relief LLC researches customers who have entered into Merchant Agreements with Pearl, solicits them throughout the […]

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Confessions of a Fintech Chief Data Scientist

January 8, 2017

Data Scientist

My name is Justin Dickerson. For most of 2016, I was the Chief Data Scientist at Snap Advances (Snap), a funding company of merchant cash advances based in Salt Lake City, Utah. I can’t discuss my awesome work at Snap for obvious reasons. And fortunately, I don’t need to in order to make the key […]

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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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Platinum Rapid Funding Group Originated $180 Million in 2016

January 3, 2017
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Platinum Rapid Funding Group Uniondale, NY

A social media post by Platinum Rapid Funding Group CEO Ali Mayar, revealed that the Long Island-based company had originated $180 million in deal flow in 2016. That’s almost twice their 2015 volume, and is a new record for the company. In Mayar’s post, he wrote, “Thank you to everyone who’s a part of this […]

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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 Woes Continue – Layoffs Commence

December 16, 2016
Article by:

dan demo

More information is slowly starting to come out about the recent C-level removals at CAN Capital. In the meantime, the company announced major layoffs just before the holidays. American Banker says the number is 136 employees laid off just at CAN’s Kennesaw, GA office. Multiple brokers that have done business with CAN in the past […]

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RapidAdvance’s Mark Cerminaro is deBanked’s November/December Cover

December 14, 2016
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Mark Cerminaro of RapidAdvance

It’s been a quick rise for Mark Cerminaro, who won the 2016 Commercial Finance Association’s 40 Under 40 Award and is the Chief Revenue Officer of RapidAdvance based in Bethesda, MD. He is featured in the November/December issue of deBanked magazine that is currently being delivered to subscribers nationwide. If you haven’t already subscribed, you […]

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Alternative Funders Bid Adieu to 2016, Show Renewed Optimism for 2017

December 12, 2016
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Goodbye 2016

This article is from deBanked’s Nov/Dec 2016 magazine issue. To receive copies in print, SUBSCRIBE FREE After getting pummeled in 2016, many alternative funders have licked their wounds and are flexing their muscles to go another round in 2017. “The industry didn’t implode or go away after some fairly negative headlines earlier in the year,” […]

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