Newsletter Sent On: 01/24/2024

2nd Fintech With Funding Marketplace Gets Arena Read more

SoFi Launches SMB Funding Marketplace
SoFi's small business customers can now be routed to a partner funding company which so far includes OnDeck and LendKey. Read more

Video Interviews from deBanked Miami 2024
See who said what at deBanked CONNECT MIAMI Read more

Seven States Reintroduce Commercial Financing Bills
Several states in the US are considering new bills relating to commercial financing and small business lending, including Missouri's Commercial Financing Disclosure Law and Illinois's Small Business Truth in Lending Act. Other states evaluating similar legislation include North Carolina, Kansas, New Jersey, California, and New York. Read more

Regulators Sue Strategic Financial Solutions et al
The CFPB joined state AGs to sue a sprawling enterprise Read more

Prosper Originations down 50% YoY in Q3
Prosper Marketplace reported a 53% decrease in loan originations in Q3 2023, compared to the same period last year, citing a reduction in investor desire for whole loan purchases in the current economic climate. Additionally, the online consumer lending company reported a net loss of $93M for the first three quarters of 2023. Read more

Northteq’s January Product Release Delivers Enhanced Lending and Pricing Solutions
Northteq, Inc. has announced new features and enhancements in its latest product release, including expanded product and pricing offerings, vendor and partner portal advancements, and improvements in partner apps and integrations. The company, a leading provider of Salesforce loan origination solutions, aims to use the update to improve equipment finance lending and plans to release more enhancements throughout the year. Read more

Novo Announces Novo Payroll for Small Businesses
Via Businesswire Read more

PayPal Promises Big News Tomorrow
They say it will shock the world! Read more

Brex Cuts 20% of Staff
Via techcrunch Read more

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