Announcements

Jack Dorsey is Satoshi Nakamoto?

February 25, 2025
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If you’ve seen the analysis that connects Jack Dorsey to Satoshi Nakamoto floating around the web, that was researched by yours truly. I first proposed the possibility on February 24, 2024 and have since discovered a lot of compelling evidence to really support it. Here is a link to the recent tweet that went viral on the matter and a mirror of that tweet with source links. This is hardly all that I have. I did tag Dorsey so that he could see it but he did not reply to it or directly weigh in.

I have been following Dorsey’s company Square for deBanked since 2011.

In early 2024, a legal trial commenced on the matter of Satoshi Nakamoto’s identity (Crypto Open Patent Alliance v Craig Steven Wright) for which Dorsey played a key role to prove that an individual named Craig Wright was NOT Satoshi. Wright had been claiming such for some time.

As part of the trial, a large trove of new emails and testimony surrounding Bitcoin’s founding were disclosed, including many emails written by Satoshi himself (Emails with Martti Malmi / Emails with Nicholas Bohm). Before the judge made a ruling on the outcome, Dorsey made interesting remarks in Block’s Q1 2024 earnings announcement on May 2, 2024. He mentioned Satoshi the person as the basis for the company’s crypto strategy. While skeptics have chalked this up to simple fandom or ideology, it was wholly unnecessary to reference Satoshi the person and potentially risky if he doesn’t know Satoshi’s true identity. Coinbase, for example, lists “the identification of Satoshi Nakamoto, the pseudonymous person or persons who developed Bitcoin, or the transfer of Satoshi’s Bitcoins” as a risk factor to revenue. Block makes no such disclosure despite nearly half of the company’s revenue being derived from Bitcoin sales.

From Dorsey’s Block shareholder letter on May 2, 2024:

Jack Dorsey Satoshi Nakamoto Q1 2024

satoshi jack dorsey disclosure

These statements could have been made without referencing Satoshi by name, especially in an era where longtime Bitcoin advocates have sought to minimize the influence of Satoshi the individual today. However, these statements would be very fitting if the CEO was speaking about himself.

Block has also self-published a book titled My First Bitcoin and the Legend of Satoshi Nakamoto which glorifies Satoshi and concludes by stating that “Satoshi’s vision is having an impact all around the world.” Hard copy print versions of the book were also made and distributed. deBanked obtained a copy.

That viral post again with source links can be found here. I am not an investor in bitcoin or Block. My experience with Bitcoin over the past 10+ years is as a payments mechanism, namely as peer-to-peer cash.

My email is sean@debanked.com

Broker Battle 2025 Champions

February 24, 2025
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Broker Battle 2025 took place at the Fontainebleau on February 20th during deBanked CONNECT MIAMI. Video highlights and more will be available soon. In the meantime, here are the results and the top brokers:

Revenue Based Financing

Top Broker: Ryan Showe, Lexington Capital Holdings

Runner-up: Joe Sasson, Advance Funds Network


Equipment Financing

Top Broker: Mike Brooks, Best Connect Capital

Runner-up: Yaro Yarema, Capital MBS





Britecap Financial Appoints John Corona as Director of Partner Success

February 24, 2025
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John Corona brings over 10 years of experience in Business Lending, Partner Development & Management.

BriteCap Financial LLC (“BriteCap”), a leading non-bank lender providing small businesses with fast, convenient, and affordable working capital, is excited to announce the appointment of John Corona as Director of Partner Success. John brings with him more than a 10-year track record of significant accomplishments in business financing and partner development.

“We’re thrilled to welcome John to BriteCap and the NMEF family of companies,” said Richard Henderson, CEO of BriteCap. “I’ve had the privilege of working with John for over a decade, and he’s one of the best in the business at optimizing broker partnerships. His unmatched service and deep industry knowledge make him a perfect fit for our mission to elevate the funding experience for our exclusive broker network.”

John remarked, “I’m excited to be joining the BriteCap team, especially during a time in which it’s ascending to a position of prominence within the space. Joining an all-star team with an all- star product and platform is an amazing opportunity and I can’t wait to assist in its growth.”

About BriteCap Financial LLC

BriteCap Financial is a leading provider of working capital for America’s small business owners. Since 2003, BriteCap combines technology and non-traditional credit algorithms to provide fast, convenient, and affordable working capital directly to businesses and through their broker network. For more information about becoming a partner, visit britecap.com/partners. BriteCap is majority-owned by a holding company affiliate of NMEF.

About NMEF

NMEF is a national premier lender who works directly with third-party referral (TPR) sources to finance “mid-ticket” equipment commercial leases and loans ranging from $15,000 to 3,000,000 and up to $5,000,000 for investment grade opportunities. The company accepts A – C credit qualities and finances transactions for many asset categories including but not limited to medical, construction, franchise, technology, vocational, manufacturing, renovation, janitorial, and material handling equipment. NMEF is majority owned by an affiliate of InterVest Capital Partners. The company’s headquarters are in Norwalk, CT, with regional offices in Irvine, CA, Voorhees, NJ, and Murray, UT. For more information, visit www.nmef.com.

Media Contacts:
For BriteCap:
David Schneider
Vice President of Marketing
BriteCap Financial
www.BriteCap.com
david.schneider@britecap.com
954-494-1606

For NMEF:
203-354-1710
Blair Dawson
SVP, Chief Marketing Officer
NMEF
www.nmef.com
bdawson@nmef.com

Taycor Financial Promotes Evan Sammon to Chief Operating Officer

February 18, 2025
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taycor homeORANGE COUNTY, CA – 2/18/2025 – Taycor Financial, a leading provider of equipment financing and partner driven lending solutions, proudly announces the promotion of Evan Sammon to Chief Operating Officer (COO). This strategic appointment reflects the company’s commitment to operational excellence and continued growth.

“Evan’s leadership, passion, and innovative approach have been instrumental in our success,” said Michael Hong, CEO of Taycor Financial. “In his new role, I am confident that he will continue to propel our organization forward and set new benchmarks for operational excellence.”

Since joining Taycor, Evan has demonstrated exceptional leadership, operational insight, and a dedication to delivering superior service to clients and partners. As COO, he will oversee company-wide operations, streamline processes, and enhance efficiencies to drive performance and scalability.

“I’m incredibly proud of what we’ve accomplished at Taycor, and honored to be a part of such a hard-working, innovative team. Our ability to identify vendor driven solutions is key to our sustained success. Optimizing our adaptable, partner focused processes is at the forefront of our mission and I’m excited for our continued evolution as a best-in-class finance provider.” As Taycor Financial continues to innovate and expand, Evan’s promotion underscores the company’s dedication to nurturing talent and fostering leadership from within.

For more information, visit taycor.com

Dedicated Financial GBC Welcomes Cory Svihla as Chief Revenue Officer

February 18, 2025
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Cory SvihlaDedicated Financial GBC is pleased to announce Cory Svihla as its new Chief Revenue Officer (CRO). In this role, Svihla will oversee the development and execution of revenue-generating strategies, focusing on aligning sales, marketing, and client success to drive sustainable growth and enhance client engagement.

Svihla brings to Dedicated a wealth of experience in strategic leadership and business development. Before joining Dedicated, he co-founded Intellex Forensics Advisory Services Inc., which played a pivotal role in shaping Svihla’s personal vision and leadership style. His entrepreneurial background and expertise in revenue growth strategy position him as a key leader that will advance Dedicated’s mission.

As Dedicated enters its next decade of delivering excellent services, Svihla will focus on expanding market reach, optimizing sales and marketing strategies, and identifying new opportunities for innovation and client engagement. His leadership has already had a positive impact at Dedicated, and he is poised further to strengthen the company’s position as a leader in the servicing industry.

“I am honored to join Dedicated Financial GBC and work alongside teammates committed to creating a meaningful impact,” said Svihla. “I look forward to driving growth, fostering strong relationships, and contributing to the company’s mission of changing the world through business.”

For more information about Dedicated Financial GBC and its leadership team, please visit https://www.dedicatedgbc.com/team/

Statement from American Fintech Council (AFC) Chief Executive Officer, Phil Goldfeder, on the Nomination of Jonathan McKernan to Lead the Consumer Financial Protection Bureau (CFPB)

February 12, 2025
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“The American Fintech Council congratulates Jonathan McKernan on his nomination to lead the Consumer Financial Protection Bureau. Mr. McKernan’s extensive experience at the FDIC, FHFA, and the Senate Banking Committee provides him with a strong understanding of financial regulation and a balanced perspective on consumer protection.

“Throughout his career, Mr. McKernan has supported regulatory frameworks that foster innovation while safeguarding consumers. His approach to regulation emphasizes a fair and transparent financial system that empowers consumers while allowing for the responsible growth of new financial products and services.

“AFC looks forward to working with him to ensure that the CFPB continues to promote both consumer protection and responsible innovation in financial services. We are confident that under his leadership, the CFPB will effectively address the challenges and opportunities of an evolving financial landscape.”

Cloudsquare Integrates With CAN Capital

February 11, 2025
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cloudsquare logoLos Angeles, CA – February 11, 2025 – Cloudsquare, the leading end-to-end lending platform powered by Salesforce, proudly announces the latest enhancement to its Cloudsquare Broker platform: the integration with CAN Capital’s API. This powerful collaboration empowers Merchant Cash Advance (MCA) brokers to optimize their lending operations with faster submissions, enhanced transparency, and better decision-making tools.

Cloudsquare Broker has long been recognized as the premier CRM for MCA brokers, simplifying and streamlining lending workflows. Now, with the addition of CAN Capital’s API, brokers gain access to cutting-edge features designed to elevate their performance and deliver exceptional results for merchants.

Key Features of the Cloudsquare Broker + CAN Capital Integration

  • Smarter API Submission: Eliminate manual processes with direct integration into CAN Capital’s API. Submit complete applications—including all necessary documentation—in a single streamlined step, reducing errors and freeing up time to focus on closing deals.
  • Transparent File Management: Upload additional documents to existing applications and monitor file statuses in real-time. Stay in control and respond quickly to lender requests for uninterrupted workflows.
  • Real-Time Offers: Receive customized funding offers for your merchants as soon as they’re available. This ensures you’re equipped to present the best options confidently and quickly.
  • Actionable Decline Insights: Gain detailed insights into application declines, enabling brokers to make necessary adjustments and improve future submissions for higher approval rates.

Why This Integration Matters

The Cloudsquare integration with CAN Capital is a game-changer for MCA brokers. By combining speed, accuracy, and transparency, this integration enables brokers to scale their operations effectively while delivering unparalleled value to their merchants. With over 15 lender API integrations available on Cloudsquare Broker, the platform provides unmatched flexibility and scalability to meet all your lending needs.

Seamless Implementation for New and Existing Brokers

For new brokers, combining the Cloudsquare platform with the CAN Capital integration is the ultimate solution for modernizing operations. Guided implementation ensures a quick and seamless launch, providing a rapid return on investment.

For existing Cloudsquare customers, adding the CAN Capital Lender API is effortless. With a simple license add-on and expert onboarding support, brokers can start leveraging the full power of this integration immediately.

For more information about the CAN Captial Integration, visit Cloudsquare

About Cloudsquare

Cloudsquare is the leading end-to-end lending platform, uniquely powered by Salesforce to deliver unparalleled flexibility and innovation for lenders and brokers. With a commitment to optimizing lending processes through cutting-edge technology, Cloudsquare provides

robust, scalable solutions that empower clients to achieve greater efficiency and growth. Celebrated by industry leaders, Cloudsquare has earned a place on the Inc. 5000 list as one of America’s fastest-growing companies and is consistently rated a top service provider on platforms like Salesforce AppExchange, G2, Clutch, and Manifest.

For media inquiries, please contact:

Cloudsquare Marketing Email: marketing@cloudsquare.io

American Fintech Council (AFC) Welcomes Acting Director of the CFPB Scott Bessent and Doubles Down on its Commitment to Champion Earned Wage Access (EWA) Through Federal and State Advocacy

February 3, 2025
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In a letter to Treasury Secretary Scott Bessent and testimony around the country, AFC stands up for consumers who rely on EWA for critical financial flexibility


Urges fixes for “irresponsible and deficient” past CFPB rulemaking on EWA

Washington, D.C. (February 3, 2025) – The American Fintech Council (AFC), the premier industry association representing responsible fintech companies, innovative banks, and the largest number of responsible Earned Wage Access (EWA) providers, is intensifying its efforts to ensure responsible EWA services remain accessible to American workers. Through federal engagement and testimony before eight state legislatures so far across the country, with two upcoming hearings in Nebraska and Utah, AFC is committed to supporting clear, pragmatic regulation for EWA to empower consumers and foster responsible innovation.

“Earned Wage Access is an essential financial tool for millions of American families, offering a safe and responsible alternative to the predatory credit products of the past,” said Phil Goldfeder, CEO of the American Fintech Council. “For generations, workers have been captive to an arbitrary pay period system that separates their work from their wages. EWA restores this connection, providing greater financial flexibility and stability for those who need it. AFC and responsible EWA providers are committed to establishing a regulatory framework that protects consumers and preserves access to EWA by recognizing that this product is not a loan, and should not be regulated as such.”

In a letter to Treasury Secretary Scott Bessent, who also serves as Acting Director of the Consumer Financial Protection Bureau (CFPB), AFC urged the pursuit of a formal rulemaking process that would allow consumers and industry participants to convey the nuances and benefits of responsible EWA products. AFC emphasized that responsible EWA providers offer a non-recourse, fee-transparent alternative to traditional credit products that helps workers access their earnings when needed, without late fees or penalties. AFC also highlighted the need for consistent federal regulation to address the patchwork of state laws that risk undermining the stability and availability of EWA services.

In a previous letter to the CFPB in February 2024, AFC asked for formal legislative rulemaking process, but the request went unheeded by then-Director Chopra. Instead, the CFPB issued a proposed informal interpretive rule, which discussed a novel and inaccurate interpretation of EWA and was never finalized. In addition, the CFPB rescinded its 2020 Advisory Opinion–the Bureau’s only official position on EWA–in the final moments of the previous administration, leaving industry participants without a clear understanding of the CFPB’s position.

In addition to federal advocacy, AFC representatives recently testified at hearings on EWA in Colorado, Indiana, New Mexico, North Dakota, Oregon, and Vermont, as well as two hearings in Washington state, with upcoming testimony in Nebraska and Utah, to speak about the consumer benefits of these offerings and the need to support responsible EWA practices. AFC will continue to monitor legislative and regulatory developments around EWA at the state level, and is prepared to engage collaboratively with any state considering guidance around this technology.

“A regulatory framework for Earned Wage Access must be grounded in a clear understanding of its role as an empowering tool for financial stability—not mischaracterized as traditional credit,” said Ian P. Moloney, SVP and Head of Policy and Regulatory Affairs at AFC. “EWA provides workers with immediate access to their hard-earned wages, helping them avoid the cycle of high-interest debt and predatory financial products. Misguided regulation risks sidelining this critical innovation, leaving millions of Americans without a safe, transparent alternative to address their financial needs. AFC is committed to ensuring that regulatory decisions are informed by facts and protect the unique consumer benefits EWA provides.”

A standards-based organization, AFC is the premier trade association representing the largest financial technology (Fintech) companies and innovative banks offering embedded finance solutions. AFC’s mission is to promote a transparent, inclusive, and customer-centric financial system by supporting responsible innovation in financial services and encouraging sound public policy. AFC members foster competition in consumer finance and pioneer products to better serve underserved consumer segments and geographies.

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