Merchant Cash Advance is a specific type of funding mechanism for small businesses that allow the business to get necessary capital. The business receives a lump sum up front and
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- Selling Finance Door-to-Door During Covid April 9, 2021This week, lockdown returned to Ontario, Canada, due to the third wave of Covid cases. On April 3rd, the Premier issued a stay-at-home order, putting 14 million Canadians back behind closed doors. Based in Ontario, Canadian Financial is a one-stop alternative and traditional funding shop that still champions door-to-door sales and the lockdown has sidelined […]
- IOU Financial Funded $12.1M in March April 9, 2021IOU Financial originated $12.1M in funding to small businesses last month, the company revealed. It was IOU’s biggest loan volume month since the beginning of the pandemic. The figure was included in an announcement regarding the company’s intention to repurchase up to $2M of Convertible Debentures. “The move to repurchase corporate debt comes after a […]
- Coinbase Generated $800M Profit in a Single Quarter April 7, 2021The emerging powerhouse in the fintech industry isn’t a lending or payments company, it’s a cryptocurrency exchange. One can express as much skepticism as they want about Coinbase, but the company, which goes public on the Nasdaq next week, generated nearly $800 million in profit in Q1 of 2021 alone. Coinbase has 56 million verified […]
- Implementation of New York’s Commercial Financing Disclosure Law Delayed April 6, 2021The implementation of New York’s commercial financing disclosure law has been pushed back. Originally scheduled to go into effect in June of 2021, an amending bill changed the date to January 1, 2022. The only other material change of note is that the exemption from the law for transactions greater than $500,000 has been increased […]
- Industry Ponders: Broker Blacklisting, or Certification? April 5, 2021It’s a concept that’s been thrown around the industry for years- swapped like business cards at meetups, conventions, and chatrooms. Shouldn’t there be a broker certification, database, or even blacklist for known bad actors? As deBanked petitioned the question, the industry responded with its naturally diverse responses. The problem: bad actors can keep getting away […]