Newsletter Sent On: 11/05/2020

Pearl Capital is BACK Read more

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

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

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

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

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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