Analysis

Fifth Third Bank/ApplePie Capital Deal Great, But Bank Deals For Many Other Business Lenders Still a Pie in the Sky

December 13, 2016
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Fifth Third Bank is buying a stake in franchise marketplace lender ApplePie Capital as part of a $16.5 million venture round, the WSJ reported. The prediction that non-banks are evolving into banks is slowly coming true, but will the trend in the commercial space continue? Consider that ApplePie has only made 120 loans over the […]

SBA ‘SmackDown’ In Linda McMahon, As Pick for Administrator Brings More WWE to Small Business Funding

December 8, 2016
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President-Elect Trump’s pick to head the Small Business Administration is Linda McMahon, the former CEO of World Wrestling Entertainment (WWE). The publicly-traded company has produced many household names over the years, from The Undertaker to Bret “The Hitman” Hart to The Rock. In a public announcement, Trump said “Linda has a tremendous background and is […]

The CAN Capital Shakeup Is A Sign of the Times

November 30, 2016
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Update 11/30 7:30 pm: CAN says they are still open for business and still providing access to capital for current customers and renewal business. They are not actively seeking new business at this time, but will evaluate it as it comes in. Part II of the industry’s season finale has begun. On Tuesday afternoon, CAN […]

It’s Here: Artificial Intelligence Changes MCA Broker’s Business, Improves Bank Underwriting and Debt Collection

November 22, 2016

In this age of man versus the machine, the case for artificial intelligence and machine learning does not need many vociferous advocates. Some predict that revenues from fintech startups using AI and predictive models is set to jump by 960 percent or to $17 billion by 2021. We might be closer to that number than […]

The Infant Startup that Swooped an Erstwhile Industry Leader

November 16, 2016
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Peer to Peer

It’s not very often that an infant upstart comes by and swoops up an erstwhile industry leader. While new to the scene, Versara Lending is a New York City-based debt consolidation lender that has already acquired Peerform, one of the early P2P lending marketplaces run by Wall Street credit broker Mikael Rapaport. The company confirmed […]

The Status of Prosper Marketplace???

November 16, 2016
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Prosper Marketplace

Loan investors will have to wait even longer to find out if the resignation of Prosper’s chief executive on Monday holds special significance. That’s because on Tuesday the company informed the SEC that they would be filing their 3rd quarter results late. They were unable to complete the report in a timely manner, according to […]

With Trump and Co. Now in Control, Has The CFPB Made a Costly Mistake?

November 11, 2016
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CFPB Director Richard Cordray at Money2020 in 2016

For years, the CFPB has rejected all calls by republicans (and even some democrats) to reconfigure its one-director leadership to a multi-member commission. At present, Director Richard Cordray has full authority to create the rules and enforce the rules and reports to no one, not even the President of the United States. As the only […]

The Remedy For a Bad Industry Decision?

November 9, 2016
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judgment

A recent disappointing New York trial court decision concerning merchant cash advances has been making the rounds over the past few weeks and a few industry players have been asking if there is cause to be concerned. While the case will likely have little precedential value, it should serve as a reminder to all funders […]

As OnDeck’s Stock Hits Record Low, Is There a Renewed Confidence in the Broker Channel?

November 6, 2016
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business loan brokers

OnDeck traded below $4 on Friday, a new all-time low that came in the wake of the company’s earnings announcement just the day before. Apparently, the company’s record-breaking $613 million in quarterly originations was not the assurance that investors were looking for. Their report showed that more of the company’s loans are staying on their […]

Funders Prep for the Holiday Rush

November 1, 2016

holiday rush

As the year draws to a close sending everyone into a dizzying holiday frenzy, funders are prepared to fire on all cylinders to fuel their retail customers with cash. The last quarter is crunch time for funders alike, who start preparing months in advance — designing  new products, marketing and selling them. deBanked spoke to […]

It’s Not About Replacing Banks, Square CEO Says

October 30, 2016
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Jack Dorsey at the 2016 Money2020 Conference in Las Vegas

Square CEO Jack Dorsey as he walked on stage at the 2016 Money2020 conference in Las Vegas It’s not about replacing banks, it’s about making financial services more accessible, said Square CEO Jack Dorsey in regards to what his company and others in the fintech space are doing. During his fireside chat-style address at Money2020, […]

For Lending Club: Downturn Readiness, a $1 Trillion Opportunity and No Origination Fees?

October 26, 2016
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Lending Club CEO Scott Sanborn Presents at Money2020

The Lending Club that presented at Money2020 this week was not the same Lending Club of years past. Not only is keynote speaker Scott Sanborn a different kind of CEO than his predecessor Renaud Laplanche but also the regulatory environment in which he must govern has changed. In the era of government interest, Sanborn told […]

Grandpa Breslow and What’s in the Deck for OnDeck

October 25, 2016
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OnDeck Capital

At Money2020, Lendio CEO Brock Blake shared a joke that was made backstage about OnDeck’s CEO, Noah Breslow. “He’s the senior citizen of the industry,” he told a public audience, which referred to how long OnDeck has been around. It’s a label that Breslow lightheartedly embraced on an SMB lending panel he participated in on […]