Industry News

Why RapidAdvance Is Now Rapid Finance

February 7, 2019
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Rapid Finance

RapidAdvance has officially changed its name to Rapid Finance. “The term ‘advance’ is out of favor these days,” said founder and Chairman of Rapid Finance Jeremy Brown. “It also doesn’t reflect who we are as a company or what our brand is. We put our clients in a variety of different financing solutions including factoring, […]

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deBanked CONNECT Miami 2019 Photos

January 28, 2019
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deBanked CONNECT Miami 2019

Photos from the event are below Register For The Next Industry Event!

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Thanks For Coming to deBanked CONNECT Miami

January 26, 2019
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Miami Beach from the Eden Roc

We would like to thank everyone that sponsored and attended deBanked CONNECT Miami. We’ll publish the photos when we have them available. If you enjoyed the event, you’ll love the upcoming full day Broker Fair 2019 conference on May 6th in New York City at the Roosevelt Hotel. It will be our biggest crowd yet. […]

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BFS Capital Surpasses $2 Billion in Financing

January 22, 2019
Article by:

Ruddock

BFS Capital announced this morning that it has exceeded $2 billion in financing to over 22,000 small businesses across the United States, Canada and the UK. “This is a major originations milestone,” said Mark Ruddock, CEO of BFS Capital. “We’re incredibly proud to see these investments take root, as BFS Capital continues to solidify its […]

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Capify Secures Massive Credit Facility from Goldman Sachs

January 16, 2019
Article by:

David Goldin

Capify, which serves the UK and Australia markets, announced this morning that it has secured a £75 million (roughly $95 million) credit facility from Goldman Sachs. “This credit facility validates our company as a leader in the marketplace and underlines the strength of our business model to provide simple, affordable and smart financial options to […]

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Why Strategic Funding Rebranded as Kapitus

January 15, 2019
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Kapitus Website

Today, Strategic Funding announced the launch of a new brand identity, including a name change. Strategic Funding will now be called Kapitus. “We had a name that was very well respected,” said Kapitus founder and CEO Andy Reiser. “Everybody loved our name, quite frankly. They loved it so much, they all copied it. You can’t […]

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Kabbage Finances US Small Business Customers of Alibaba

January 14, 2019
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Alibaba

Kabbage announced today that it has partnered with Chinese e-commerce giant, Alibaba, to provide financing to small businesses that purchase materials on the platform. The financing program, offered by Alibaba and powered by Kabbage, is called Pay Later. “Financing at the point of sale requires a fully automated solution that can handle the immense volume […]

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Trial of Debt Settlement Mastermind Sergiy Bezrukov Postponed, Again

January 13, 2019
Article by:

buffalo map

The trial of debt settlement mastermind Sergiy Bezrukov has been postponed until April 1, 2019, court records indicate. The planned January 14 start date was just the latest in a series of postponements. Bezrukov is charged with conspiracy to defraud, mail fraud, wire fraud, bank fraud, and money laundering. The charges carry a maximum penalty […]

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LendUp Gets a Shake-up

January 11, 2019
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Anu Shultes

Anu Shultes, LendUp’s new CEO Among other company news, LendUp announced yesterday that it has formed a separate company called Mission Lane that will be devoted to scaling its credit card business. LendUp will continue to operate under its name and will focus on personal loans, education and savings opportunities, according to the announcement. Along […]

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Meet CAN Capital’s New CEO

January 8, 2019
Article by:

Ed Siciliano

CAN Capital announced this morning the appointment of Edward J. Siciliano as its new CEO. “There is still a huge delta between the need for capital for small businesses and the capital that banks are willing to provide,” Siciliano said. “And this creates an enormous opportunity for CAN to expand its business.” Siciliano comes to […]

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