Newsletter Sent On: 07/26/2023REGISTER TO RECEIVE THEM | RETURN TO HOME PAGE

NMEF Offers to Purchase IOU Financial Read more New York State Initiative Takes on Fintech Type Pitch The merchant told you they got a deal that sounds too good to be true. Turns out it is real. Read more Amex: Organic Growth of Small Businesses Has Slowed Amex CEO Steve Squeri stated that organic growth has slowed for small businesses, which is an industry phenomenon, and that Amex has made proper adjustments from a risk management perspective. He believes the organic growth will eventually rebound. Read more Alliance Funding Group Upsizes Corporate Note to $39 Million Alliance Funding Group has successfully upsized its corporate notes to $39.0 million and has been assigned a BBB rating by a nationally recognized statistical ratings organization. The proceeds from this transaction will be used to finance growth and potential future acquisition opportunities. Read more Fed Launches FedNow Instant Payment Service The Govt has rolled out its instant payments system Read more Congressional Effort Underway to Reinstate the SBLC Moratorium Some members of Congress do not want the 40 year moratorium on SBLCs to be lifted, citing their mistrust of fintechs Read more Please Send Four Months Bank Statements The industry has settled on four months of bank statements as a baseline to understand a business' financial picture, and certain states have set a maximum of twelve months of data for calculating average monthly historical sales. Read more Summer Dealmaking The summer of 2023 has seen a flurry of activity in the industry, with notable acquisitions, expansions, and origination milestones being achieved. Read more New Chief Product Officer at Funding Circle US Funding Circle announced that Kanthi Muthiah has joined the company as U.S. Chief Product Officer. Read more Shark Tank Contestant Restrained by Court Daymond John had a former contestant harassing him for years Read more Nav Acquires Tillfull The move follows the acquisition of Nuula Read more PacWest Saved by Banc of California PacWest, on its way out, agreed to combine with Banc of California Read more Thanks to Our Email Newsletter Sponsors Pearl Capital South End Capital Austin LLP Meridian Leads TBF Financial Smart Business Funding Balboa Capital Select Funding SOS Capital Fundly Accord Business Funding The Smarter Merchant Merchant Financing Leads IOU Financial 123 ERC Cobalt Intelligence East Harbor Backd Found this email in your junk folder? Make sure to specifically whitelist both sean@debanked.news and funded@debanked.deals :-)