Archive for 2018

How a Computer Game Master Applied His Talents to Online Lending

December 28, 2018
Article by:

Warcraft 3

Eden Amirav is co-founder and CEO of Lending Express. The 29 year old spends his days trying to grow his company, an online lending platform for small businesses. But about 15 years ago, as a teenager in Israel, he spent his evenings and school breaks fighting orcs, defending construct units and mostly defeating enemies in […]

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Newtek Hosted Uncommon Investor Call Yesterday

December 27, 2018
Article by:

Newtek website

Newtek Business Services Corp. (NASDAQ: NEWT) CEO Barry Sloane held a conference call at 8:30 a.m. EST yesterday morning to address investors. “This is somewhat of an unorthodox call, the day after Christmas,” Sloane said. “But given a lot of the events in the market with tremendous market nervousness, I wanted to speak to as […]

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How Most Americans Handle a $1000 Emergency Expense

December 26, 2018
Article by:

money's gone

A recent survey conducted by LendingTree found that more than half of Americans cannot cover a $1,000 emergency with cash or savings. Forty-eight percent of Americans say they could handle a $1,000 emergency expense by using cash or savings in their bank accounts. Of the those Americans who could not handle a $1,000 emergency, whether […]

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deBanked’s Most Popular Stories of 2018

December 22, 2018
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top stories

Five of the top 10 most read stories of 2018 were related to the saga of 1st Global Capital; The bankruptcy, SEC charges, the revelation that they had made a $40 million merchant cash advance, and finally the devastating news of that deal falling apart. We decided to lump all of them together in our […]

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Less Than Perfect — New State Regulations

December 21, 2018
Article by:

rules and regulations

This story appeared in deBanked’s Nov/Dec 2018 magazine issue. To receive copies in print, SUBSCRIBE FREE You could call California’s new disclosure law the “Son-in-Law Act.” It’s not what you’d hoped for—but it’ll have to do. That’s pretty much the reaction of many in the alternative lending community to the recently enacted legislation, known as […]

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2019 Alternative Finance Predictions

December 21, 2018
Article by:

2019 Loading

With 2019 approaching, deBanked asked executives in the funding and payments industry if they had any predictions for the new year. We kept it pretty open-ended and received forecasts regarding technology, regulations, and the evolving relationship between fintech companies and banks. And yes, we also asked a few lawyers in the small business lending space […]

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For Sale: 60,000+ Leads From 1st Global Capital

December 21, 2018
Article by:

AUCTION PADDLE

Since 1st Global Capital went out of business, the company’s treasure trove of leads has been up for sale. Beginning in October, 41 companies were propositioned by 1st Global Capital’s bankruptcy advisors to make a bid on the company’s data. Ten companies actually entered into non-disclosure agreements to access a data room. That led to […]

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Square Renews Effort to Become a Bank

December 19, 2018
Article by:

Outside the Square Headquarters in San Francisco

Square has plans to refile paperwork with state and federal regulators to open a wholly owned bank in Utah, according to a report in The Wall Street Journal today. In 2017, the company applied with the Federal Deposit Insurance Corp (FDIC) for a licence to become an Industrial Loan Company (ILC) bank, but it withdrew […]

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Open Banking — A U.S. Pipe Dream or Near-Term Reality?

December 18, 2018
Article by:

open banking

This story appeared in deBanked’s Nov/Dec 2018 magazine issue. To receive copies in print, SUBSCRIBE FREE Some alternative funders are anxious for “open banking” to become the gold standard in the U.S., but achieving widespread implementation is a weighty proposition. Open banking refers to the use of open APIs (application program interfaces) that enable third-party […]

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Janene Machado Wins PCMA’s RISE Award

December 18, 2018
Article by:

Janene Machado

Janene Machado, deBanked’s event planner, was honored by the Professional Convention Management Association (PCMA) last week with the RISE Award. The RISE Award is given to a new member who has made the most impact to the chapter. With more than 7,000 members and an audience of more than 50,000 individuals, the PCMA is the […]

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