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| Pearl Capital is BACK Read more |
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Neuberger Berman Acquires Significant Stake in IOU Financial Neuberger Berman, an investment manager with $374B under management, is acquiring a 15% stake in IOU Financial, a small business lender. As part of the deal, one of the firm's funds has agreed to purchase up to $150M of IOU loans each year over the next two years Read more |
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LendingClub’s Delinquency Rates Are Lower Now Than They Were Pre-Covid |
| Well how bout that? Read more |
New Jersey Legalizes Recreational Marijuana |
| One chill result from the 2020 election was the legalization of recreational marijuana in New Jersey for adult use. In a 2-1 victory, Option One on New Jersey ballots passed, paving the way for... Read more |
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The Rise and Fall of Peer-to-Peer Lending |
| Video: Short documentary produced by deBanked on the rise and fall of p2p lending in the US Read more |
Status of Par Funding |
| According to the latest status report filed by the Receiver in the Par Funding SEC case: Read more |
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Business Who Received Multiple MCAs is Charged by NJ AG |
| New Jersey State Attorney General Gurbir S. Grewal and the New Jersey Bureau of Securities within the Division of Consumer Affairs is suing Owusu A. Kizito and his business Investigroup, LLC. Regulato... Read more |
StreetShares Stops Lending Directly to Small Businesses, Records $10.7M Annual Loss |
| StreetShares, the online lender known for its focus on veteran-owned businesses, is no longer lending directly to small businesses, the company disclosed last week. This became effective as of Octobe... Read more |
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Shopify Capital Originated $252M in MCAs and Business Loans in Q3 |
| Shopify Capital, the finance arm of the 2nd largest e-commerce platform in the United States, reported making $252.1M worth of merchant cash advances and loans in the 3rd quarter. This is a 79% increa... Read more |
Nerdwallet Acquires Fundera |
| Through this acquisition, NerdWallet will expand its financial guidance and financing options for small business owners. Read more |
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