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From Our Partners
- Shopify Capital Originated $430 Million in Loans and MCAs in 2019 February 17, 2020Shopify Capital, the e-commerce giant’s small business financing arm, originated $430 million in funding through loans and merchant cash advances in 2019. Shopify now has more than 1 million e-commerce merchants on its platform, the company says. Earlier in the year the company began rolling out funding to merchants that are not using its payment […]
- Idea Financial Chimes In On New Hire February 17, 2020Last week Idea Financial announced that it had appointed Gregory Sandler as its Chief Operating Officer and General Counsel. Having served as General Counsel to both Beyond Finance and Spruce Finance after working as VP and Corporate Counsel to Bayview Asset Management, Sandler believes he’s well positioned to help Idea. “I have a sense of […]
- N26 Exits UK Market Citing Brexit as Reason February 13, 2020The challenger bank N26 pulled out of the UK market this week, citing Brexit as the reason for its departure. Saying that it will no longer be able to service Britain now that it has left the European Union, N26 has stopped onboarding new customers and will be closing all British accounts on April 15th. […]
- Varo Receives FDIC Approval for Bank Charter February 12, 2020Varo Money, the company that has been providing customers with app-based banking since 2017, has just received approval from the FDIC to take deposits. Having been working towards this for the previous three years through various rounds of applications to the FDIC, Varo CEO Colin Walsh told CNBC that “it was a long process – […]
- Bank, Auto Lender, and BFS Capital Are New Additions to Canadian Lenders Association’s Board February 11, 2020The Canadian Lending Association has announced today that it has three newcomers to its board: BFS Capital’s CEO, Mark Ruddock; Cox Automotive Canada’s EVP, Jerome Dwight; and BMO’s Head of Specialty Finance and Loan Syndication in Canadian Commercial Banking, Lyla Kanji. In a statement, Kanji said that she was “excited to join the CLA board […]