Sean Murray

Articles by Sean Murray

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Will 2018 Be a Special Year?

December 29, 2017
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2018

2018 is going to be different, in a good way. That’s word on the street in the alternative finance industry, many of whom have told me that it’s just something they feel. I feel it too. The S&P 500 is at an all-time high, Bitcoin is up more than 1,400% for the year, lenders are […]

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Letter From The Editor

December 23, 2017
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2018

This letter appeared in deBanked’s Nov/Dec 2017 magazine issue. To receive copies in print, SUBSCRIBE FREE It was a year to remember, our sources declare ‘Twas the Jan/Feb issue I wrote about my loan from Square Through March into April salespeople closed deals via text As banks looked to fintech as their plan for what’s […]

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How I Failed to Become a Bitcoin Millionaire

December 18, 2017
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bitcoin blues

A version of this story appeared in deBanked’s Nov/Dec 2017 magazine issue. To receive copies in print, SUBSCRIBE FREE This past Fall, an industry colleague congratulated me on my newfound wealth. “What newfound wealth?” I reply. “What are you talking about?” “Aren’t you a bitcoin millionaire now?” he says, smiling brightly, with a look in […]

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deBanked Connect: Miami — SOLD OUT

December 12, 2017
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debanked miami sold out

deBanked’s cocktail networking event on January 25th in South Beach is now SOLD OUT! BUT WAIT If you missed out on your chance to RSVP, you can still register for our much bigger, better, and more comprehensive event on May 14, 2018 in Brooklyn; Broker Fair 2018. With 20 sponsors already signed on, Broker Fair […]

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Originations Since Inception

December 8, 2017
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growth

After several company announcements recently, we’ve compiled a milestone chart to plot where they rank. Originations may indicate business loans or MCAs funded on balance sheet, brokered, or placed through a marketplace. These rankings are a work in progress. This chart may not include companies for which public data is not available. If you’d like […]

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Law Firm or Law Fail? Debt Settlement Company’s Legal Footing Called into Question

December 6, 2017
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uh oh

Above: Michael Hamill gets a lap dance at the office of New Jersey-based telemarketing firm Corporate Bailout.   PLG, a purported Illinois law firm, says that they hire Corporate Bailout to perform tasks for them and that this in effect makes Corporate Bailout a law firm too.   Plaintiffs Yellowstone Capital and Everest contend that […]

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Are Lawsuits the New UCCs?

December 5, 2017
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pirate flag

Back when merchant cash advance funders first began to file UCCs, competitors immediately began to look them up and turn them into leads. The practice became so widespread that MCA funders began filing under pseudonyms to throw people off the scent. But soon, competitors began to figure out who the pseudonyms belonged to and the […]

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Is Lending Club Misleading New Investors About Past Performance?

December 3, 2017
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Lending Club IPO

Above: Lending Club tells new investors that 99% of portfolios aren’t losing money New retail investors interested in the Lending Club platform are greeted with a friendly statistic, that “99% of portfolios with 100+ Notes have seen positive returns.” That’s a slippery statement, which is probably why they footnoted it. The footnote says that only […]

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Institutions Like American Express Are Mainstreaming Daily ACH Payments

November 30, 2017
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merchant financing

A takeover-style ad on CNN’s website rang very familiar earlier today. The ad, paid for by American Express, preached merchant financing with a fixed fee. The ad brought me to a page that offered a fixed fee business loan between $5,000 and $2 million with daily ACH repayment and no interest rate. Terms were 6 […]

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SBA Loans Go Online: A Q&A With SmartBiz

November 28, 2017
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SBA Loans

A while back, a merchant deBanked interviewed told us they had obtained what sounded like impossibly good terms from an online lender not known for low rates. When I requested a fact check of it, we learned that the online lender had actually referred the borrower to SmartBiz and that SmartBiz had secured an SBA […]

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