Announcements

Last Chance for VIP Rate on deBanked CONNECT Toronto Room Block

June 24, 2019
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deBanked CONNECT’s discounted room rate at the Omni King Edward Hotel in Toronto ends today. Don’t wait until the rate goes up! Book your room now for deBanked’s first ever event in Canada! Book Online Here OR CALL Omni Hotels Reservations Business Hours: 8am to 1am EST Telephone: 1-800-THE-OMNI (1- 800-843-6664) Group Name: deBanked CONNECT […]

Enova Small Business Hires Two Industry Veterans to Lead ISO Partnerships

June 14, 2019
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Investment in ISO partnership leaders will help Enova Small Business deliver faster and easier funding CHICAGO (June 14, 2019) — Enova Small Business, a leading provider of loans and financing to growth-minded small businesses in the U.S., announced today that Justin Friedman and Jay Shaw have joined Enova Small Business as senior sales executive and […]

Velocity Group USA Announces $100 Million Equity Facility

June 13, 2019
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Melville, NY – June 13, 2019 Velocity Group USA, based in Melville, New York, announces that in addition to its current facilities, it has obtained up to a $100 million equity facility from an international multi-family office. The new equity facility will allow Velocity Group USA to fund a greater number of merchants and to […]

IOU Originates $32.8M in Loans in Q1

May 30, 2019
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IOU Financial funded $32.8M in loans in the first quarter of 2019, according to publicly filed financial statements. The company also continued its profitable streak and plans to grow originations by: Identifying, recruiting and partnering with business loan brokers; Forming new strategic partnerships with entities such as banks and small business suppliers and leveraging their […]

Liquid FSI Partners With Stackfolio

May 28, 2019
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Frank Capozza

Frank Capozza, CEO, Liquid FSI Liquid FSI announced today that it has entered into a joint venture with Stackfolio, an online loan marketplace, which allows small banks, hedge funds and credit unions to buy and sell loans. Liquid FSI funds mostly doctor’s offices, as a factor, and it also builds financial technology products to make […]

Lawyers: Earn CLE Credits While Learning About Alternative Finance

May 23, 2019
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AFBA CLEe

REGISTER HERE June 13 Sessions June 14 Sessions Case Law Updates Regulatory Download: The Complete Picture TCPA: Defining ATDS, Exploring the TCPA and How Emails are Covered Legislation, Business and Lobbying: How does it work and Does it work at all? Bankruptcy Updates Future Invoice Factoring and Traditional Factoring: Can’t We All Just Get Along? […]

A deBanked Event is Coming to Canada

May 4, 2019
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deBanked CONNECT Toronto

Toronto, Ontario – deBanked is coming to Canada. A deBanked CONNECT networking event will be taking place at the Omni King Edward in Toronto on July 25th. The event will cater to the Canadian online small business lending and merchant cash advance industry. Tickets are already available for sale at https://www.debankedcanada.com. Early bird pricing is […]

Shopify Capital Issued $87.8M in Merchant Cash Advances in Q1

April 30, 2019
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shopify glyph

Shopify’s small business funding division, Shopify Capital, issued $87.8 million in merchant cash advances in the first quarter of 2019, according to the company’s earnings report. The figure is a 45% increase over the same period last year. Overall, the company has funded more than $535 million in MCAs since inception. Shopify is primarily an […]

Yalber Announces $20 Million Credit Facility

March 26, 2019
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Amir Landsman-Yalber CEO

Amir Landsman, CEO, Yalber Yalber announced today that they have obtained a new $20 million credit facility from Park Cities Asset Management. Brean Capital served as exclusive financial advisor to Yalber on the transaction. This follows an earlier $20 million credit facility in December 2018 from a different investment fund.   “The small business funding […]

Greenbox Capital Leads By Example And Eliminates Use of COJs Across Its Platforms

February 19, 2019
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Greenbox Capital Website

Miami, FL – Back in December, Debanked reported that there was a Senate bill introduced to ban COJs. Greenbox Capital has for the past 6 years been a leader and innovator in the industry in many ways. Most recently, they’ve suspended the use of COJs indefinitely. Greenbox Capital is committed to long term success which […]

Meet deBanked’s Pig, and Fund Like One Too

February 5, 2019
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Sister Mary Frances - deBanked Pig

Today is the Chinese New Year and the first day of the Year of the Pig, an animal that we at deBanked hold very dear.  After all, a piggy bank is featured in our logo! According to the Chinese zodiac, a pig “represents luck, overall good fortune, wealth, honesty, general prosperity” and symbolizes “a hard […]

Top Accounting Officer at StreetShares Resigns

January 31, 2019
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Military finance

Jesse Cushman, who served as StreetShares’ Chief Business Officer and Principal Financial & Accounting Officer, has resigned, according to a Form 1-U filed with the SEC this week. His exit was made effective as of January 1, 2019. StreetShares president Michael Konson is currently filling the role in an interim capacity until a permanent successor […]

Parris Sanz Joins Petal as General Counsel

January 31, 2019
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Parris Sanz-2

Former CAN Capital CEO Parris Sanz is now the General Counsel for Petal, according to a company announcement. Petal is a US credit card aimed at the unbanked that recently closed a $30 million Series B round led by Peter Thiel’s Valar Ventures. According to a story in TechCrunch, Petal had more than 100,000 potential […]

Alternative Finance Bar Association Webinar to Be Held on Feb 7th

January 30, 2019
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AFBA header

The Alternative Finance Bar Association is proudto announce an upcoming Webinar Event: Regulatory Developments: In Depth look at Federal and Stateinitiatives to regulate the Alternative Finance Space Moderator: Lindsey Rohan, Esq., General Counsel, Platinum Rapid Funding Group Ltd.Panelists: Catherine Brennan, Partner, Hudson Cook, LLPKate Fisher, Partner, Hudson Cook, LLPMeghan Musselman, Partner, Hudson Cook, LLPPatrick Siegfried, […]

Yellowstone Capital LLC Appoints Tangela Griffin as Chief Compliance Officer to Enhance its Compliance and Ethics Practices

January 23, 2019
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yellowstone capital doors

Hiring Evidence of Company’s Commitment to Compliance New York, N.Y. (January 23, 2019)— Yellowstone Capital LLC (a Fundry Brand), a fintech company offering alternative financing to a wide variety of businesses, has appointed Tangela Griffin to the position of Chief Compliance Officer. Ms. Griffin will be responsible for enhancing and providing oversight of the company’s […]

Strategic Funding Source Announces Launch of New Brand Identity; Unites its Funding Arm and Servicing Arm Under the name Kapitus

January 15, 2019
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kapitus

Change reflects new strategy, expansion of product portfolio, technology advancements and a renewed commitment to provide financing to more businesses New York, NY – January 15, 2019 – Strategic Funding Source, a veteran of the small and medium-sized business alternative lending space, today announced the launch of a new corporate brand identity, including a new […]

DataMerch.com Surpasses 20,000 Records Heading into 2019

January 9, 2019
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company news

DataMerch.com surpasses 20,000 records heading into 2019 DataMerch continues rapid growth and adds many new members and merchant records Tampa, Jan. 9, 2019 /DeBanked/ — Today, DataMerch.com, an online underwriting database for the alternative financing industry, announced that they have surpassed over 20,000 records in their database.  DataMerch has been servicing funders in the alternative financing field since […]

CAN Capital Hires Edward J. Siciliano as Chief Executive Officer

January 8, 2019
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Ed Siciliano

Atlanta, GA (January 8, 2019) – CAN Capital, a technology-driven small business specialty finance company, today announced the appointment of Edward J. Siciliano as Chief Executive Officer. Siciliano brings over 30 years of experience in commercial financing, sales, marketing and operations. Siciliano joins CAN Capital most recently from Marlin Business Services, a nationwide provider of […]

Janene Machado Wins PCMA’s RISE Award

December 18, 2018
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Janene Machado

Janene Machado, deBanked’s event planner, was honored by the Professional Convention Management Association (PCMA) last week with the RISE Award. The RISE Award is given to a new member who has made the most impact to the chapter. With more than 7,000 members and an audience of more than 50,000 individuals, the PCMA is the […]

deBanked’s “Ice Edition”

December 14, 2018
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deBanked Ice

deBanked’s final issue of 2018 is in the mail. We’re calling it the ice edition because of how the cover’s colors came out. For November/December we cover the new legislation in California, what’s happening in New Jersey, and what may be still to come. In addition we tackle the concept of open banking, delve into […]