Newsletter Sent On: 05/10/2023

Broker Fair 2023 Photos Read more

deBanked CONNECT is returning to San Diego on September 21, 2023 and registration is open with early bird pricing available. Read more

Georgia Governor Signs Commercial Financing Disclosure Law
Georgia's governor has signed the state's commercial financing disclosure bill into law, which is set to take effect on January 1, 2024. This is the latest in a series of laws aimed at the small business and commercial financing industries, with other states having already implemented similar laws. Read more

Ocrolus Adds OpenAI GPT Embeddings for Deeper Automation in Financial Document Analysis
The addition of OpenAI GPT embeddings strengthens Ocrolus' ability to process semi-structured and unstructured documents, such as bank statements, paystubs and mortgage applications, without human involvement. Read more

IOU Appoints Kim Haffey VP of Sales
Haffey joined IOU Financial in 2015 and quickly established a portfolio of high-performance Brokers; promoted to Team Lead in 2017, Haffey built a team of successful Account Executives that embody the Company's core values of integrity, commitment and customer satisfaction; in her role as VP Sales Haffey will oversee the activities of the entire sales team and play a leading role in the integration of Voice Of Customer within upcoming technology releases. Read more

A Letter About Broker Fair
How it All Came Together Read more

Shopify Capital's Funding Volume Continues to Surge
Shopify Capital, its business lending and merchant cash advance division, originated $477M in the first quarter of 2023, up substantially from the $346.7M produced in the first quarter last year, yet was not mentioned during the company's quarterly earnings call. Read more

Square Loans Originates $1.1B in Funding in Q1
Square Loans has continued to remain the largest small business lender, originating $1.1B across 113,000 loans in the first quarter of 2023 with consistent loss rates and strong revenue and gross profit. Read more

Inflation Comes in at 4.9%
It came in under estimates but we're not out of the woods yet. Via CNBC. Read more

We're Close to Peak Pessimism on Fintech
Via TechCrunch Read more

Thanks to Our Email Newsletter Sponsors
The Smarter Merchant
TBF Financial
East Harbor
Pearl Capital
Meridian Leads
Smart Business Funding
Merchant Financing Leads
IOU Financial
SOS Capital
Accord Business Funding
Austin LLP
Balboa Capital
South End Capital

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