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♪♪♪

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The show will go on.

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That's the word from
Lendit Fintech and
Broker Fair 2020

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both scheduled for May
in New York City.

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Organizers say that despite
concerns about the novel
coronavirus-COVID-19

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their conferences will not be
postponed or canceled.

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Peter Renton with LendItFintech
says that for many companies in
the fintech industry,

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LendIt is their Super Bowl
and they won't let the industry down.

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Meanwhile, Sean Murray with
Broker Fair says

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"we have not experienced any
impact or resistance

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so far and we look forward to a
successful event."

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Small business finance provider
Funding Metrics

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has announced a new $100 million
revolving credit facility.

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Funding Metric's co-founder
David Frascella says this

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is an exciting milestone in
their growth.

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The company says it's tripled
its origination volume since

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2017, totaling  more than
$500 million dollars since the
company started.

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Super Tuesday narrowed the
field of Democratic presidential
candidates to two frontrunners:

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former Vice President Joe Biden
and Senator Bernie Sanders.

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Of the two - Sanders has laid
out plans that could impact
the fintech industry

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He's said he wants to cap
consumer loan and credit card
rates at 15 percent.

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Sanders also wants to allow
every post office to offer basic
affordable banking services

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including low-interest loans.

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Sanders has also said he wants
to break up big banks and
revive the Glass-Steagall Act.

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I'm Kayla Ayres and this is
deBanked News.

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♪♪♪