Newsletter Sent On: 08/12/2022

Funders Weigh in on New VA Disclosure Law Read more

Work With a Broker or Go Direct?
These funders say they see brokers benefitting merchants Read more

Kaplan Mobray to be Keynote Speaker of Broker Fair 2022
Kaplan Mobray has been selected as the keynote speaker of Broker Fair. October 24th is just around the corner... Read more

Upstart Has Quietly Entered the Small Business Lending Market
Upstart, once known as the AI-fintech lender for student loans, has gradually added products over time. Today, the company has entered the small business lending market, making good on the plans it an... Read more

Square Loans Originated $1.01B in Q2
Square Loans originated $1.01B in the second quarter, up from $756M in Q1. During the earnings call, Block (formerly Square) CFO Amrita Ahuja said that the company is using the discipline it maintaine... Read more

PayPal, King of The Small Business Lenders?
PayPal didn't offer precise quarterly origination figures for its Read more

Broker Fair Sponsorships Almost Sold Out
This is the last call to sponsor Broker Fair 2022 Read more

North Mill Hits $1 Billion in Originations on Anniversary of Recapitalization
AUGUST 1, 2022, NORWALK, CT – North Mill Equipment Finance LLC ("NMEF"), a leading independent commercial equipment lessor headquartered in Norwalk, Connecticut, announced today that the company cross... Read more

As Layoffs Hit Fintech Lenders, It's Not All Roses
Underneath all the good news about hiring sprees, loan volume surges, and profitability, is ironically just the opposite. Some fintech lending darlings of Wall Street have abruptly changed gears over ... Read more

Clearco Announces Major Layoffs, Paints Gloomy Picture
Clearco, the international small business funding company led by celebrity CEO Michele Romanow, announced it was laying off 125 employees on Friday. Romanow shared the news on social media in an overa... Read more

Enova Originated $679M in Small Business Loans in Q2
Enova announced another strong quarter on Thursday. Net income for the second quarter was $52M. Business lending originations were up, increasing 3% quarter over quarter to $679M. During the earni... Read more

Shopify Capital Originated $416.4M in MCAs and Loans in Q2
Shopify Capital originated $416.4M in funding to small businesses in Q2, the company announced. That was spread across the US, Canada, and the UK. The figure represented a large increase over the $346... Read more

Yieldstreet Raises $400M Credit Facility
Deal is a warehouse facility via Monroe Capital Read more

IOU Financial Hires New Chief Accounting Officer
New CAO was recently the Senior VP, Corporate Finance and Treasury with Global Payments Inc Read more

MCA Co Behind DoorDash Capital Raises $60M
Parafin is making a splash Read more

Video: Cheryl Tibbs Story
Gary Parker of Fundly visited the office of Cheryl Tibbs to celebrate a milestone Read more


Thanks to Our Email Newsletter Sponsors
Enablement Data
IOU Financial
In Advance
Broker Fair 2022
Balboa Capital
Lending Valley
Meridian Leads
TBF Financial
Accord Business Funding
Merchants Property Solutions
Pearl Capital
SOS Capital
The Smarter Merchant
Central Diligence Group
Merchant Financing Leads
South End Capital
CAN Capital
Idea Financial

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