Newsletter Sent On: 10/24/2019

Consultative Selling in Small Business Finance Read more

The FTC Wants To Police Small Business Finance
The agency is looking into, among other things, whether both financial technology companies and merchant cash advance firms are making misrepresentations in their marketing and advertising to small businesses, whether they employ brokers and lead-generators who make false and misleading claims, and whether they engage in legal chicanery and misconduct in structuring contracts and debt-servicing. Read more

LendIt China 2019 is Canceled
LendIt Fintech has officially announced that there will be no conference in China this year after 3 long years in the country. A blog post written by LendIt Fintech co-founder Peter Renton explained t... Read more

Federal Judge Orders Special Purpose Fintech Charters Invalid
The Office of the Comptroller of The Currency took a gamble with a federal judge in a lawsuit brought by the New York Department of Financial Services (DFS) and lost. On Monday, Judge Victor Marrero r... Read more

OnDeck Repurchased 3.2M Shares, Reports $8.7M Q3 Profit
OnDeck announced this morning that it has repurchased 3.2M of its own shares for $11M since making its buyback announcement on July 29th. The company intends to repurchase another $39M worth. OnDe... Read more

Kabbage Launches New Payment Service
The company is launching a payments service which it says will cut the time it takes small businesses to get paid from 90 days to 24 hours. Read more

Investors Bank Chooses OnDeck's platform
Investors Bancorp Inc announced that its banking subsidiary Investors Bank formed an alliance with ODX, a leading digital small business originations platform and a subsidiary of On Deck Capital, Inc. (NYSE: ONDK). Investors Bank will deploy ODX's digital loan origination platform in a phased approach to enhance its small business lending program in select areas of its banking network. Read more

Finitive Closes $2M Round With Silicon Valley Bank
Finitive will use the proceeds to further invest in its technology platform, which brings efficiency to investing and raising capital in the alternative lending sector. Read more

deBanked CONNECT Miami Wil Be On January 16, 2020
Early Bird Tickets Are Now Available Read more

Broker Fair 2020 Will Be in NYC ON May 18, 2020
Early Bird Tickets Are Now Available Read more

The Broker: Funding Businesses The Irish Way
There I was sitting in the lobby of The Marker Hotel, a 5-star 7-story property on the edge of Grand Canal Dock in Dublin. Here in the major tech hub of Ireland, I was waiting for a self-identified corporate finance broker by the name of Rupert Hogan, the managing director of Read more

Fast Pass to Banking For Fintechs Cut Off By Court Ruling
Via CNBC Read more

deBanked CONNECT returns to Miami on January 16, 2020

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