Newsletter Sent On: 08/13/2019

Fox Corp Acquires Online Lending Marketplace Read more

1 Global Capital's Carl Ruderman Consents To Judgment With The SEC
The SEC's lawsuit against Carl Ruderman, the former CEO of Hallandale Beach-based 1 Global Capital, has come to an end. He has consented to judgment in a settlement and the price is devastating, ... Read more

Funding Circle Originated $377M of US Loans in First Two Quarters of 2019
Funding Circle originated $377M of loans in the US in the first six months of 2019, according to their latest public report. The company said that Read more

Gone with the Lend: Chase Bank Withdraws from Canada, Forgives All Credit Card Debt
In January 2018 Chase Bank released a statement detailing that it will be closing all of its Canadian credit card accounts on March 15 of that year, but customers should continue to pay their bills. L... Read more

Prosper Reports Q2 Results
Is the company actually on a positive path? Read more

Funding Circle Co-Founder & Managing Director James Meekings to Step Down
Funding Circle's lackluster business performance has led to a casualty. Co-founder James Meekings, who serves as Managing Director of the UK Business (the company's primary market), will be transition... Read more

Lending Club Still Logging Losses, But Not For Long?
LendingClub released its second quarter report this Tuesday.Loan originations reached a new high of $3.1B, but the year-over-year growth rate for the quarter clocked in at only 11%, down from the ... Read more

Lendio Surpasses $1.5B in Small Business Loans
The company says it has become the nation’s largest small business loan marketplace, with more than 75 of the nation’s top lenders on its platform and more than 75,000 small business customers and growing. Read more

Canada Fintech Week Launches in Toronto
This week sees the first ever Canada Fintech Week (CFW) in Toronto. Running from August 12th to the 15th, the four-day celebration of everything fintech in Canada features a slew of events and panels for those in the industry. Read more

Square Capital Originated $528M in Loans in Q2
Square Capital facilitated 78,000 loans for $528M last quarter, according to their recent earnings report, an increase of 36% year-over-year. Thr growth is the exact percentage increase experienced by... Read more

Shopify Issued $93M in MCAs and Loans in Q2, Has Begun Offering Funding to Non-Shopify Payment Customers
Shopify, a publicly traded e-commerce platform, is quickly growing its merchant cash advance and loan originations through its Shopify Capital brand. The company issued $93M in Q2, up 36% year-over-ye... Read more

Import/Export SMBs Introduced to Fintech Lending Options
Early this week TangoTrade announced its partnership with the online lender Fundation. TangoTrade, which deals primarily in payment assurances for US small business importers and exporters, will now o... Read more

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

Clearbanc Raises $300M in a Series B
Speaking to deBanked recently, the celebrity investor explained how Clearbanc works as well as the what it does differently. Read more

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