Announcements

Bizfi Survives, Thanks to World Business Lenders Asset Purchase Deal

September 22, 2017
Article by:

World Business Lenders - Bizfi

The Bizfi marketplace is slated to live on, according to Stephen Sheinbaum who joined World Business Lenders (WBL) as a managing director in July. On Wednesday, WBL purchased several assets from Bizfi including the brand, the marketplace, the Next Level Funding renewal book, and other related pieces of the company, he says. Sheinbaum founded Bizfi […]

View Post

LeaseQ and ARF Financial Partner to Automate Hospitality Equipment Financing

September 12, 2017
Article by:

company news

BOSTON (Sept. 12, 2017) – LeaseQ, an online marketplace connecting business owners, equipment sellers, and lenders to make selling and financing equipment fast and easy, today announced a national partnership with ARF Financial, the only FDIC-compliant financial lender that provides short-term, unsecured business loans and lines of credit for restaurant/hospitality business owners and retailers nationwide. […]

View Post

Senate Banking Committee to Hold Hearing on Fintech

September 12, 2017
Article by:

US Senate

The US Senate Committee on Banking, Housing, & Urban Affairs held a hearing entitled “Examining the Fintech Landscape” on Tuesday morning at 10 AM. You can watch it below The witnesses include: Mr. Lawrance Evans Director, Financial Markets U.S. Government Accountability Office Mr. Eric Turner Research Analysis S&P Global Market Intelligence Mr. Frank Pasquale Professor […]

View Post

Ascentium Capital Successfully Hosts CLFP Exam and Prepares for its Largest Sales Training Event

September 5, 2017
Article by:

ascentium logo

September 5, 2017 KINGWOOD, TX – Ascentium Capital LLC, the top private independent finance company in the United States by new business volume, proudly hosted an Academy for Lease and Finance Professionals (ALFP) in Dover, New Hampshire. The ALFP is an intensive three-day event designed to prepare individuals for the Certified Lease and Finance Professional […]

View Post

Former Chief Sales Officer of OnDeck Joins CoverWallet as COO

September 5, 2017
Article by:

company news

Paul Rosen, the former Chief Sales Officer of OnDeck, is now the Chief Operating Officer of CoverWallet, according to LinkedIn. Rosen worked at OnDeck from May 2011 to June 2017. CoverWallet is part of the growing insurtech (insurance technology) industry, helping business owners manage “all [their] policies online, all in one place.” The company was […]

View Post

Yellowstone Capital Has Record Month

September 1, 2017
Article by:

yellowstone capital signage

Yellowstone Capital had a “record smashing August,” according to a post on Instagram. They originated 1729 deals for a total of $55.5 million. The top rep recorded 161 deals for $4.62 million. Juan Monegro, who was previously interviewed by deBanked, originated 202 deals for $3.7 million.

View Post

The Alternative Finance Bar Association Announces September 13th Event

August 31, 2017
Article by:

speaker lineup

An announcement from the AFBA: Download Save The Date PDF SAVE THE DATE Space is limited. Contact Tiffany Diaz at Tiffany@LRohanlaw.com for information Location: NYC Bar Association Offices 42 West 44th Street New York, NY 10336 When: September 13th The Alternative Finance Bar Association is proud to announce an upcoming speaking event: The New Regulatory […]

View Post

Credibly Selected to Service Bizfi’s $250M Portfolio

August 30, 2017
Article by:

breaking news

Troy, MICH. (August 31, 2017) – Credibly, a leading findata small and medium-sized business (SMB) lending platform, announced today that the company is now servicing BizFi’s $250 million portfolio and 5,200 merchants.  Since 2005, BizFi had been a leading capital provider to SMBs and in 2016 was one of nation’s top three largest originators of merchant cash […]

View Post

IOU Financial Posts $2.1 Million Loss in Q2

August 30, 2017
Article by:

red ink

IOU Financial’s Q2 loss was double that of Q1, according to their recently filed financial statements. The company lost $2.08 million (CAD) on $4.36 million in revenue. IOU had lost only $1 million in Q1 on nearly the same revenue. $393,814 of Q2’s expenses was a one-time cost related to contract cancellations, however. The company […]

View Post

Former CFO of Credibly Moves On to Western Funding

August 19, 2017
Article by:

Credibly’s former chief financial officer and product officer, Jim Murray, has moved on to become President of Western Funding, according to LinkedIn. Murray was with Credibly for 5 years, originally starting as the company’s chief operating officer.

View Post