Articles by Brendan Garrett

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Clearbanc Offering Funding to Combat US-China Tariff Costs

November 16, 2019
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Clearbanc, the Toronto-based funding company co-founded by Dragons’ Den’s Michele Romanow, has announced this month that it will be expanding its funding options to support those small businesses who need assistance purchasing inventory from Chinese suppliers. Specializing in funding businesses who require capital for digital adverts, the Canadian firm decided to expand its offerings after […]

Google to Begin Offering Checking Accounts in 2020

November 16, 2019
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This week Google announced that it plans to offer checking accounts to customers in 2020. The news comes after the release of the Apple Card, Apple and Goldman Sach’s controversial joint project, in August; this week’s release of Facebook Pay; and the mass exodus by payments companies from Facebook’s Libra Association last month. Titled as […]

Apple Card Under Investigation by State Financial Regulator

November 14, 2019
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Apple and Goldman Sachs came under fire this week after numerous users of the Apple Card, a joint venture by the two companies, took to social media claiming that the algorithm used to determine credit limits discriminated against women. It began when Danish tech entrepreneur and racecar driver David Heinemeier Hansson wrote up an expletive-laden […]

BFS Capital Hires New COO

November 12, 2019
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BFS announced this morning that it has hired Brian Simmons as its new Chief Operating Officer. The news come as the company is preparing for the North American launch of its tech platform in December, a move that is part of BFS’s vision to become a more customer-focused business. This planned “journey,” as CEO Mark […]

Canadian Lender’s Association Awards Leading Executives and Companies

November 11, 2019
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cla leaders

Today the CLA announced the winners for its 2019 Leaders in Lending Awards. Highlighting the efforts of exceptional players within the fintech and alternative finance fields, the awards seek to “celebrate the industry and celebrate all the cool fintech things happening in Canada,” according to the CLA’s Strategic Partnerships Director Tal Schwartz. Now in its […]

Factoring for Freelancers

November 8, 2019
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Freelancers

The number of freelancers in America is quickly growing year on year, with a recent study indicating the percentage of full-time freelancers has increased from 17% of the workforce in 2014 to 28% in 2019. Representing a host of fields, from writing and photography to marketing and programming, the incomes and needs of such workers […]

David Goldin is BACK – The Scoop Behind His Return

November 7, 2019
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David Goldin

“When I started, the term merchant cash advance didn’t even exist. There really were no business loans back then, the word ‘fintech’ didn’t exist, ‘alternative lender’ didn’t exist … Back in the day it was all about getting a credit facility, and that was like the iPhone 5, and now we’re the iPhone 11. There’s […]

Lendio Says There’s Been a Strong Uptake Of Sunrise

November 6, 2019
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Brock Blake Lendio

Last week Lendio announced that its bookkeeping and invoicing service, Sunrise, had partnered with WePay, an integrated payments business of JPMorgan Chase, to form the freemium product Sunrise Pay. Stemming from an acquisition in Q1 of this year, Sunrise, formerly Billy, was picked up by Lendio after the company realized many of its customers who […]

Lenders, Leaders, and Las Vegas: Money20/20 Review

November 3, 2019
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money2020

Two things arrived in Las Vegas last month: the first being an unusual dip in local weather, with temperatures dropping to the low forties at times and woolen hats making an appearance; the second being Money20/20. Now in its seventh year, the conference runs smoothly to the point of being habitual, a trait several attendees […]

deBanked CONNECT San Diego Is A Hit

November 1, 2019
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San Diego Gaslamp Quarter

Under the California sun, our most recent CONNECT event kicked off last week in San Diego’s Hard Rock Hotel. Home to Ron Burgundy, we were a few days too early in the city for any sex panther cologne-infused costumes to make an appearance, although that didn’t stop one attendee donning a money-clad suit. Beginning in […]

Become Closes Series A with $12.5 Million

October 29, 2019
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Become, formerly known as Lending Express, has finished its Series A funding round with $10 million having been raised from Benson Oak Ventures and Magenta Venture Partners, among others, as well as an additional $2.5 million in venture debt from Viola Credit. “We strongly believe it is time to disrupt conventional and ‘alternative’ lending practices,” […]

BlueVine to Enter Banking in 2020

October 28, 2019
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Eyal Lifshitz of BlueVine

BlueVine Capital, the Redwood City-based alternative funder, has announced today that it will launch its BlueVine Business Banking product in 2020, which will offer checking accounts that come with debit Mastercards, checks, and ATM access exclusively to small businesses. And just like many of the new competitors in the banking space, BlueVine Business Banking will […]

Salaries For All, Even For Gig Workers

October 16, 2019
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Trezeo

“If we don’t solve the problems, there’s just a nightmare coming.” This is how Trezeo’s CEO and Co-founder Garrett Cassidy views the work that he and his company are doing. Created in 2016 with the aim to provide support to self-employed people via income smoothing, Trezeo offers workers whose income streams may be irregular the […]

National Business Capital & Services Expands into Cannabis Funding with CannaBusiness Financing Solution

October 15, 2019
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Cannabis Billboard

Today National Business Capital & Services (NBC&S) announced it has begun serving cannabis companies. Through its new program, CannaBusiness Financing Solution, NBC&S is now accepting applications for loans starting at a minimum of $10,000 from firms in the industry that are over one year old. “The CannaBusiness Financial Solution will allow business owners to seamlessly […]

Mecklenburg County Launches Small Business Loan Program

October 10, 2019
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Mecklenberg County

This week Mecklenburg County, North Carolina launched its Small Business Loan Program. Offering up to $75,000 dollars with fixed 2% interest rates, the county has appropriated $2.75 million to fund the program for its first year. Being managed by the Carolina Small Business Development Fund, the CSBDF will have the authority to sign off on […]

Puff, Puff, Pass the Bill: House Approves Cannabis Banking Bill, Forwards it to Senate

October 10, 2019
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marijuana farmer

Last month the House of Representatives passed the SAFE Banking Act, which provides for the lifting of red tape preventing cannabis companies from accessing banks and lenders. Currently, such businesses are unable to make use of these financial services as regulators have put an outright ban on such dealings given cannabis’s federal Schedule 1 drug […]

A Tough Neighborhood: Ashton Kutcher-Backed Startup Can’t Pay Employees

October 9, 2019
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neighborly

Neighborly, a San Francisco-based startup backed by Kutcher, announced yesterday that it won’t be able to pay its employees for the foreseeable future. In an internal memo that was viewed by Bloomberg, the decision to cut pay was described as “needed” due to the company’s current phase of change it is experiencing as it pivots […]

How Ireland’s Spark Crowdfunding Got its Start

October 5, 2019
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spark crowdfunding dublin ireland

“We’ve not invented anything new,” Chris Burge, CEO of Spark Crowdfunding, tells me. “We saw the rise of crowdfunding in Europe, the states, and the world and we thought, ‘well why doesn’t Ireland have one?’” We’re in the lobby of a Dublin hotel drinking coffee, right around the corner from Spark’s offices on South William […]

Interest in State-Backed Digital Currencies Rising

October 4, 2019
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digital currencies

This week, two House Representatives presented Federal Reserve Chairman Jerome Powell with a letter calling for the Fed to seriously consider the creation of a digital currency. Beginning their letter with, “As you are aware, the nature of money is changing,” French Hill (R-AR) and Bill Foster (D-IL) run through a brief history of money […]

Avi Wernick and Boris Kalendarev Move to RDM Capital Funding

September 23, 2019
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RDM Website

Avi Wernick and Boris Kalendarev are joining RDM Capital Funding as the new Director of Partnerships and Strategy and CFO/COO, respectively. The move comes after a fruitful year for the company, with it securing a $7.5 million credit facility from Charleston Capital, an amount that it has since extended; upping its funding originations from $300-500,000 […]