Industry News

Woman Arrested in Connection With Finance Company Data Theft

June 19, 2018
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Arrested Data Theft

A woman was arrested in the Bronx this morning and charged with felony computer-related theft. The individual, whose name deBanked is not releasing until more information is known, was reportedly stealing customer data from Yellowstone Capital despite not being employed there. The photo shows police officers escorting her out from her home. She is the […]

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Reliant Funding is a Sponsor of deBanked CONNECT – San Diego

June 14, 2018
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Reliant Funding

Reliant Funding is a sponsor of deBanked CONNECT San Diego. The half-day event for funders, lenders, brokers and industry professionals is being held at the Andaz on October 4th! REGISTER FOR THE EVENT HERE Check out photos from deBanked’s past CONNECT event in Miami

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National Funding is the Title Sponsor of deBanked CONNECT – San Diego

June 14, 2018
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National Funding logo

National Funding has signed on as the title sponsor of deBanked CONNECT San Diego. The half-day event for funders, lenders, brokers and industry professionals is being held at the Andaz on October 4th! REGISTER FOR THE EVENT HERE Check out photos from deBanked’s past CONNECT event in Miami

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New York Institute of Credit Celebrates 100 Years and Honors Harvey Gross

June 12, 2018
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New York Institute of Credit Speech

About 300 people gathered underneath the soaring ceilings of Guastavino’s ballroom in Manhattan last night to celebrate the 100th anniversary of the New York Institute of Credit (NYIC). Most attendees were members of the association, which provides networking opportunities and education to a myriad of constituents, including factors, financial advisors, lawyers, investors and accountants. “[NYIC] […]

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BlueVine Raises $60 Million in Major Equity Deal

June 7, 2018
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Eyal Lifshitz of BlueVine

Eric Sager, Chief Revenue Officer, BlueVine BlueVine announced this week that it closed $60 million in equity funding, the company’s largest funding round to date. The series E round was led by Menlo Ventures and includes new investors, including SVB Capital. All major existing investors also participated. This new financing will be used to expand […]

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SuperMoney Launches No-fee Financing Platform

June 7, 2018
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news

At the Finovate Spring 2018 conference, CEO Miron Lulic and CFO Jesse Stockwell presented the company’s new SuperMoney No-fee Financing platform, which allows merchants to obtain point of sale financing from online lenders and banks. “The options for small business point of sale financing are embarrassingly archaic and painfully expensive,” Stockwell said during their presentation. […]

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$400M A Year: Fora Financial / US Business Funding Deal to Make Fora an Originations Leader

June 5, 2018
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Dan Smith, Jared Feldman of Fora Financial

Fora Financial’s newly acquired stake (a significant one) in US Business Funding will put them on track to originate $400 million a year, the company said. Those numbers will place them on the list with industry titans like BFS Capital, Strategic Funding and National Funding. The co-founders of Fora were previously featured on deBanked’s Jan/Feb […]

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Study Reveals Positivity and Concerns of Small Business Owners

June 5, 2018
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Main Street Sign

According to a survey conducted by SmartBiz Loans and released today, almost 57 percent of small business owners said their outlook on business growth over the next 12 months was “fairly positive” or “positive.” And 35 percent of respondents reported that the new tax plan has already caused them to make changes in their business, […]

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LeaseQ Partners with SEFA

June 5, 2018
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Vernon Tirey, LeaseQ

LeaseQ, an online marketplace for equipment financing, announced a partnership yesterday with SEFA, a non-profit association of leading supply and equipment dealers in the food industry. “SEFA is a group of 62 companies that work together like a big family to add value wherever they can,” said Vernon Tirey, founder and CEO of LeaseQ. “Unlike […]

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$15 Million Facility Allows for Growth of Breakout Capital Factoring Program

June 1, 2018
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James Mendelsohn

James Mendelsohn, CMO/CSO, Breakout Capital Breakout Capital announced that it obtained a $15 million facility on Wednesday, with a fund managed by Medalist Partners. While the facility is not earmarked for any single product, Chief Marketing and Sales Officer James Mendelsohn told deBanked that the facility will certainly help fund the company’s relatively new and […]

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