MCC and BizFi Originate $115 Million in Q2
Merchant Cash and Capital (MCC) and its family of companies including BizFi announced today that they had originated $115 million in deals for the second quarter of 2015. That translates to an average of $38 million per month, much higher than their average of $23 million monthly in 2014.
In their official release they state that the “significant increase in financing originations is in large part due to the launch of Bizfi, a connected online marketplace designed specifically to help small businesses compare funding options from different sources of capital and get funded within days.”
Meanwhile on the New Entrants Showcase panel at AltLend in NYC today, MCC founder Stephen Sheinbaum reiterated his desire for federal regulation of the industry to reduce the complexity of navigating the varying and sometimes obscure laws of 50 separate states.
I’m a little partial to the MCC story since I got my start in the industry there almost 10 years ago. The company is in the all-time top five biggest MCA funding companies.
Last modified: July 20, 2015
Sean Murray is the President and Chief Editor of deBanked and the founder of the Broker Fair Conference. Connect with me on LinkedIn or follow me on twitter. You can view all future deBanked events here.
