Newsletter Sent On: 02/05/2021

Enova Looking to Divest ODX, OnDeck Canada & Australia Read more

MCA Approval Rate Was 84% in 2020, Fed Says
Eighty-four percent of applicants that applied for an MCA in 2020 were approved, according to the latest study published by the Federal Reserve. However, that figure includes the pre-covid era Read more

StreetShares Discontinues Veteran Business Bonds
StreetShares, the former online lender that pivoted to Lending-as-a-Service in October, is no long offering its veteran business bond program as a result. A note on its website says: Read more

Earnings Week: PayPal
PayPal held their earnings results for Q4, describing its strongest year in history by chief executive Dan Schulman. In Q4 alone, PayPal added 16 million net new million active customers and 1.4M Read more

Super Bowl Sunday: Battle of the Mortgage Brokers
This Sunday in Tampa Bay, the Chiefs, and the Buccaneers will duke it out, while a second mortgage-based rivalry plays out in the ads between plays. A year ago, millions watched as Rocket Mortgag... Read more

Scammer of Salamanca Set For Prison Release
Sergiy Bezrukov, the mastermind behind a scheme that wreaked havoc on merchants and MCA funders in 2015, is on pace to be released from prison on July 6, 2021, federal records say. ... Read more

The Pain in America's Food Supply Chain
It was last November, Mark Mavilia says, when he and three friends in Washington, D.C. rendezvoused for dinner at Ghibellina’s, an Italian gastropub in Logan Circle "specializing in Neapolitan-inspire... Read more

Doorvest Raises $2.5M in VC Funding
San-Francisco based online real estate investment firm Doorvest announced today it received $2.5 million in VC funding with Mucker Capital leading the round.Doorvest used the opportunity to announ... Read more

LendingClub Completed its Acquisition of Radius Bank
The deal took less than 12 months to complete Read more

Enova Released Q4 Earnings
Q4 originations tripled over Q3 Read more

Jeff Bezos Steps Down As CEO of Amazon
Bezos is stepping back into an executive chair role Read more

NuBank Raised a $400M Series G Round
Via TechCrunch Read more


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