Newsletter Sent On: 05/11/2021

Forward Financing Originated 165M in 2020 Read more

Noah Breslow Has Left OnDeck
OnDeck CEO Noah Breslow announced his departure from OnDeck Read more

PayPal Originated ~$2.6B in Funding During 2020
PayPal reported originating a total of about $2.6B in capital for U.S. SMBs in 2020, which doesn't include the more than $2B in PPP loans it arranged."PayPal delivered record performance in 2020 a... Read more

Square Capital Originated $392M in SMB Loans in Q1
Square Capital originated 78,000 small business loans in Q1 for a total of $392M. That figure does not include PPP lending, which comprised of 57,000 loans for a total of $531 million. Read more

How Funders Survived PPP and Covid
We spoke with representatives from PIRS Capital and Mulligan funding Read more

Zoom CEO and Big Banks Rolling Back Remote Work
It's not just you: Zoom CEO Eric Yuan admitted to suffering from video meeting fatigue at the Wall Street Journal's CEO Council Summit. During a video conference panel called Read more

OnDeck Proving to be Extremely Valuable Acquisition for Enova
When Enova acquired OnDeck, it thought that the company's legacy portfolio would have very little value. Now that the dust has settled, it's become a gold mine. Read more

IOU Financial Posts 2020 Results
IOU Financial filed their full-year 2020 financial results, boasting a total of $84.9 million in originations. Though at a $3.2 million net loss and decrease of 45% in originations from 2019, IOU repr... Read more

DOJ Probing Some Online Lenders Over PPP
Via Reuters Read more

National Business Capital Funds $4M Deal
The company helped an ecommerce distributor selling collectible toys Read more

Clearco Raises $100M Series C
Formerly known as Clearbanc, the company is off to the races Read more

NY Giants Partner With Crypto Education Company
Even the Giants are getting into the craze Read more


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