Newsletter Sent On: 05/09/2022

Large Fintech Players Normalizing Rev Based Financing Read more

Broker Fair is coming back to New York City on October 24th at the New York Marriott Marquis in Times Square. Anticipated to be the biggest Broker Fair ever, brokers from the small business lending, commercial fin... Read more

Square Loans Originated $756M in Q1
Square Loans, the small business lending division of Block, is off to a roaring start. The company originated 90,000 loans for a total of $756M in Q1, according to the company's latest quarterly earni... Read more

Shopify Capital Originated $346.7M in Business Funding in Q1
Shopify Capital originated $346.7M in MCAs and business loans in Q1, the company announced. That included merchants in the US, UK, and Canada. Though it was a 12% increase over the same period last ye... Read more

Updates on CA and Nevada Licensing Laws
Via Leasing News Read more

Enova Doubles Small Business Loan Originations YOY
Enova's small business lending arm, powered mostly by OnDeck, originated $659M in Q1 of 2022. That was more than double the volume over the same period in 2021 and up 14% sequentially from Q4 2021. O... Read more

Lender / Broker Ecosystem Transparency Solved
What happens when a broker sends in a deal and is told it's declined, only to find out that it was approved and funded for another broker? Usually, a very angry post on social media. The problem is th... Read more

Join the deBanked Team in NYC for a Night of Networking in Web3 & Crypto
The team behind deBanked is hosting a 3-hour open bar in New York City this Wednesday night on May 11th from 6-9pm. It's called deCashed. deBanked readers interested in Web3, NFTs, and crypto are welc... Read more

LendingClub Expects Modest Growth of its Commercial Lending Business
Fintech bank LendingClub expects its commercial loan business to grow modestly, according to Sameer Gokhale, Head of Investor Relations. Gokhale made the comment briefly during the company's Q1 earnin... Read more

CUNA to Congress: No More Direct Lending From the SBA, Please
On Tuesday the Credit Union National Association wrote letters to the House and Senate Small Business Committees stating that it is in the best interest for small business entrepreneurs to partner wit... Read more

Fundid Raises $3.25M Seed Round
Via Techcrunch Read more

LendKey Reports Record Revenue Growth
Via Businesswire Read more


Thanks to Our Email Newsletter Sponsors
Central Diligence Group
Meridian Leads
IOU Financial
Merchant Financing Leads
Idea Financial
SOS Capital
Pearl Capital
Balboa Capital
Accord Business Funding
In Advance
The Smarter Merchant
South End Capital
CAN Capital
TBF Financial

Found this email in your junk folder? Make sure to specifically whitelist both and :-)