Newsletter Sent On: 04/08/2019

Class Action Filed Against Brendan Ross, DLI, Others Read more

Give Up Equity In Your Business?! Try Alternative Funding Instead
Michele Romanow, a judge on Dragon’s Den, Canada’s version of Shark Tank, realized from the show that a lot of companies should not be pursuing venture capital at all. She recalled a company that was willing to give an investor 25% of their company in exchange for $100,000. Read more

Indicted Loan Brokers Out On Bond, 1 Still in Custody
Four of the five loan brokers indicted in a fake business loan scam that tricked an Ohio resident out of hundreds of thousands of dollars in upfront fees, have been released on bond. Only one, a defen... Read more

Marketplace Opens for New Student Financing Investments
Edly, a new online marketplace that connects Income Share Agreement (ISA) investors, announced last week that a prestigious software engineering school in San Francisco listed $2 million in inaugural ... Read more

Computers Continue to Fine Tune Underwriting
What's the present role of computers in the underwriting process?"It’s faster and more accurate," CEO of Kapitus Andy Reiser said of the company’s new AI process. "We get thousands of pages a day ... Read more

Nav CEO finalist for EY Award
EY announced that Levi King, CEO & Co-Founder of Nav, is a finalist for the Entrepreneur Of The Year® 2019 Award in the Utah Region. Read more

Top Minds in Fintech Came Together in Manhattan
More than 200 people packed into a Manhattan office to hear panelists from top fintech companies discuss everything from Artificial Intelligence (AI) in fintech to U.S. regulations to diver... Read more

Funding Circle SME Income Fund to Consider Winding Down
The Funding Circle SME Income Fund (FCIF), a fund whose objective is to provide shareholders with a sustainable and attractive level of dividend income by lending, both directly and indirectly, to sma... Read more

Kapitus Rolls Out Fully Automated Funding Process
New York, NY – Kapitus, a leading provider of alternative financing to small and midsize businesses, announces the roll-out of auto-checkout - a fully automated funding process for qualified deals. T... Read more

Kabbage Raises $700M
The company said has closed an asset-backed securitization of $700 million, which it says it the largest transaction of its kind for an online lending platform focused on small businesses. Read more

Debt Settlement Mastermind of MCA Industry Finally Caves, Pleads Guilty to Criminal Charges
The mastermind that pioneered debt settlement in the merchant cash advance industry ended his career with a whimper last week. Sergiy Bezrukov pled guilty to Conspiracy to Commit Bank Fraud and Cons... Read more

Lyft IPO Follows a Foray into Finance Business
Lyft had its IPO today in the same week it announced that it was offering a debit card to its drivers. The company announced the launch of "Lyft Driver Services," a suite of services for Lyft drivers ... Read more

Get Certified in MCA Basics
Make sure you know how MCAs really work before you sell them Read more

Reliant Funding Promotes, New Hires
Reliant Funding announced the promotion of an essential leader to Vice President of Human Resources and two new hires—Director of Strategic Alliances and Vice President of Underwriting. Read more

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