Lightspeed Capital: 'we intend to grow our MCA business'
Lightspeed CFO Asha Bakshani revealed that the firm plans to expand its MCA business, disclosed during the company's fiscal Q2 2024 earnings call. Lightspeed originated $10.1m in MCAs for the quarter and revenue on MCAs rose 120% YoY, with a gross margin of 95%. Read more
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SBFA Appeals Decision in Disclosure Law Lawsuit | The Small Business Finance Association (SBFA) has declared its intention to appeal a decision regarding its lawsuit against the California DFPI over disclosure laws, which it alleges violate the First Amendment and are pre-empted by a federal law. The association submitted its notice of appeal to the United States Court of Appeals for the Ninth Circuit after its lawsuit was dismissed in December 2023. Read more
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Broker Prediction for 2024 | The story illustrates the demanding and non-stop work life of brokers, who are continuously occupied with calls, emails, and deals with merchants despite technological advancements and changing underwriting requirements. Despite these advancements and competitive business landscape in mid-2020s, the article predicts that brokers will continue in their roles due to the constant need for merchants to communicate with someone. Read more
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Surprising Stats of 2023 | Despite previous expectations of economic downturn, 2023 has seen strong business loan origination volumes at several tech companies and a general uptick in the economy with increases in the S&P 500, Bitcoin, and low unemployment rates. However, concerns are rising for 2024 due to new regulations, the FCC closing the lead generator loophole, the ending of COVID-era student loan pauses, and a potentially turbulent presidential election year. Read more
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Former PayPal CEO on Steering the Ship | Via Yahoo Read more
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