Newsletter Sent On: 05/25/2022

4th Annual Alternative Finance Bar Association Conference Read more

Liquidibee Secures up to $50M Credit Facility
News via prnewswire Read more

OnDeck Canada Becomes Canadian Owned
A management buyout of OnDeck Canada from Enova has enabled the company to become majority Canadian owned Read more

IOU Financial Was Profitable in Q1
IOU Financial may have originated $59.6M in small business loans in Q1, but the company also managed to do it profitably. Specifically, IOU recorded net earnings of $1.1M in Q1 2022 compared to a $100... Read more

Rob Frohwein and Kathryn Petralia are BACK
Their new company is called Keep Financial Read more

Fundworks Completes $30.0 million Investment Grade Notes Offering
The Fundworks, LLC, a leading a tech-enabled small business finance company, announced today the closing of $30.0 million of Senior Secured Notes to a group of institution... Read more

Senior Business Lending Exec of Square Has Moved to Coinbase
Ronak Daya, who spearheaded several of Square Capital's lending divisions, including Read more

Merchant Who Took $1M+ in MCAs was a Ponzi
NC man was allegedly running a ponzi Read more

Connecticut Commercial Financing Disclosure Bill Didn't Make it Through
The CT bill did not pass, but may return next year. Read more

SoFi Says it is Working With SMB Finance Companies
SoFi may not exactly be in the small business lending market per se, but a digital payments company it acquired in April 2020, Galileo, has been put to good use. Read more

Nuula Partners With Mulligan Funding
Via prnewswire Read more

Red Power Ranger Indicted for PPP Fraud
Go go Power Rangers! Read more


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