Industry News

In New Jersey, Yellowstone Capital Buoys Volunteer Ambulance Organization

October 19, 2018
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hatzalah ambulances

Hatzalah of Union County, New Jersey, a volunteer ambulance organization, has saved hundreds of lives thanks to its volunteer-only team and its three ambulances, all funded by donations from Yellowstone Capital CEO Isaac Stern and the company’s employees over the past seven years. Total donations from Yellowstone Capital, including from Stern, have exceeded $300,000. “[Stern] […]

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OnDeck Launches New Subsidiary

October 16, 2018
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Noah Breslow, Brian Geary, ODX

OnDeck announced today that it has created a new subsidiary, called ODX, which will help banks become more efficient online lenders. OnDeck’s CEO Noah Breslow told deBanked that ODX is an expansion of OnDeck’s successful partnership with JPMorgan, which started in 2016. “We created what at the time was I think a pretty groundbreaking partnership […]

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Congressman Tom MacArthur Visits CFG Merchant Solutions’ NYC Office

October 15, 2018
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cfg-pic

United States Representative Tom MacArthur, who represents New Jersey’s 3rd District, visited the NYC office of CFG Merchant Solutions on Monday. MacArthur has been in office since 2014. CFG Merchant Solutions moved into the 180 Maiden Lane office earlier this year. The company is a member of the Commercial Finance Coalition (CFC). Adam Sloane of […]

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Yoel Wagschal Becomes Last Chance Funding’s CFO

October 10, 2018
Article by:

Yoel Wagschal

Above: Yoel Wagschal speaks at Broker Fair in Brooklyn, NY | May 14, 2018 Yoel Wagschal, an accountant who specializes in servicing MCA funding companies, told deBanked today that he will now be the CFO for Last Chance Funding (LCF), which has been one of his clients for about five years. Wagschal said he will […]

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Ascentium Capital Hits Milestone

October 9, 2018
Article by:

company news

Ascentium Capital announced yesterday that it had surpassed $2 billion in managed assets during the third quarter of this year. It also had a 22 percent increase in funded volume over the same period last year. Altogether, the company has provided businesses with over $4 billion. “We had another strong quarter of growth with performance […]

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Greenbox Capital Introduces On Demand Loan Checkout Process

October 3, 2018
Article by:

company news

“The Box” makes it faster to fund loans by increasing speed and communication. Miami Gardens, Fl, 10-03-18 This latest on demand loan process function grants ISO partners the ability to increase term and funding amounts up to one month and 10%, respectively, without submitting a request. “The Box” was developed by CEO Jordan Fein and […]

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National Funding Acquires QuickBridge

October 2, 2018
Article by:

David Gilbert

David Gilbert, CEO, National Funding National Funding announced today that it has purchased QuickBridge. The two companies will combine back-end resources, including advanced technology, innovation and product development, but they will continue to operate independently, as separate brands. Ben Gold, QuickBridge’s founding President, will remain in his current post and will work closely with National […]

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1st Global’s Best Agent Raised $53M

October 1, 2018
Article by:

investor losses

1st Global Capital’s most successful capital raising agent by far was Trae Wieniewitz, a financial advisor in Knoxville, Tennessee, who brought in $53,647,000 from his clients. Wieniewitz’s company website, Wieniewitz Financial, says he specializes in financial planning for retirees and pre-retirees. According to data from 1st Global’s bankruptcy, Wieniewitz earned nearly $1 million in commissions […]

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Funding Circle Stays Global; Goes Public in London

September 29, 2018
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London Stock Exchange

Funding Circle became a public company yesterday on the London Stock Exchange, listed as FCH. Founded in 2010, the peer-to-peer lending platform for small and medium-sized businesses, was initially priced at 440 pence (£4.40), which was on the low end of the 420-530 pence per share price range. But it opened at 460 pence, placing […]

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Renaud Laplanche Barred From the Securities Industry

September 28, 2018
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LendIt USA 2016

Renaud Laplanche, 1 month before he resigned from LendingClub at the LendIt USA 2016 conference in San Francisco, California, USA on April 11, 2016. (photo by Gabe Palacio) The SEC announced today that it charged LendingClub Asset Management, formerly known as LendingClub Advisors LLC (LCA), and its former president and co-founder Renaud Laplanche, with fraud […]

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