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Shane Mahabir
Jun 24, 2024
Surprise Buyer Snaps Up Funding Circle’s US Operations for £33M
In a strategic shift that was somewhat anticipated, Funding Circle US announced in a press release today that it has agreed to sell its...
Staff Writer
Jun 22, 2024
Fintech Nexus Announces Closure After 11 Years
Fintech Nexus, initially established as LendIt in 2013, has announced its shutdown after a decade of significant influence in the fintech...
Shane Mahabir
Jun 19, 2024
Thoughts on the Kris Roglieri case with a CCTG student
got the chance to catch up with one of our early loan broker course enrollees James Jones, CEO of Entre Funding and Bizzlyelite, who...
Shane Mahabir
Jun 17, 2024
DOJ sues Adobe Inc. for deceptive practices
The FTC referred this complaint to the DOJ when their investigation found that allegedly "Adobe ambushed users with hefty "early termination
Staff Writer
Jun 14, 2024
$1.1 Billion? Yes, White Oak Commercial Finance has a new credit facility
White Oak Commercial Finance’s working capital facilities can range from $10 million to $250 million or more. Products include...
Staff Writer
Jun 11, 2024
Pipe Secures $100 Million from VPC to Transform SMB Financing
Pipe, a modern capital platform, has announced the closing of a $100 million credit facility from Victory Park Capital (VPC), a global...
Staff Writer
Jun 8, 2024
California SB 1482: What Commercial Finance Providers Need to Know
Senate Bill 1482 sailed through the Senate with a unanimous vote (talk about bipartisanship!), and it's now headed to the Assembly. This...
Staff Writer
Jun 5, 2024
SBA to launch new working capital pilot program
SBA Administrator Isabel Casillas Guzman announced that this working capital pilot program will be launched in the coming months to...
Staff Writer
Jun 4, 2024
CFPB's Registry Targets Lawbreaking Financial Firms
The registry aims to identify repeat offenders and recidivism trends, enabling the CFPB to hold lawbreaking companies accountable and stop..
Shane Mahabir
Jun 1, 2024
FBI arrests Kris Roglieri for wire fraud, faces 20 years in prison
According to the criminal complaint in USA v Kris Roglieri, the deal that gave the FBI basis for probable cause was with 1800 Park Avenue...
Staff Writer
May 29, 2024
Roglieri property worth roughly $7m can be seized, court says
The ruling stemmed from the motion made by the trustee, Christian H. Dribusch, in this Chapter 7 case which initially was a Chapter 11 as...
Staff Writer
May 29, 2024
CFG Merchant Solutions Closes Credit Facility of up to $145 Million to Support Small Business Growth
CFG Merchant Solutions, LLC, a technology-enabled specialty finance and alternative funding provider, announced the successful completion...
Shane Mahabir
May 28, 2024
Key Findings from OnDeck's Q1 2024 Report
The latest report from OnDeck and Ocrolus highlights a significant rise in optimism among small businesses on Main Street as they navigate..
Shane Mahabir
May 22, 2024
The Proliferation of Credit Card Stacking Services: Opportunity or Pitfall for Business Funding?
Proponents of credit card stacking often highlight the perceived ease of obtaining approvals compared to traditional small business loans...
Staff Writer
May 20, 2024
Ex-IRS Officer and Brother Sentenced for Stealing Millions in COVID-19 Relief Funds
A former IRS officer and his brother have been sentenced to prison for their role in a multi-million dollar scheme to steal COVID-19 relief
Staff Writer
May 18, 2024
Legal Woes Escalate for Kris Roglieri: Court Orders Chapter 7 Liquidation
This decision significantly impacts the proceedings, as Chapter 7 involves liquidating assets to pay off debts, contrasting with Chapter 11’
Staff Writer
May 17, 2024
Supreme Court Upholds CFPB: Key Implications for Commercial Lenders, Banks, and Fintechs
The ruling affirms that the CFPB’s funding, sourced from the Federal Reserve rather than the congressional budget process, does not violate
Shane Mahabir
May 14, 2024
Reconciliation in MCA and Systems Security: A Conversation with Trey Markel of Centrex
We dive into what reconciliation is for revenue based financing, why it's making headlines, and the changes funders need to implement.
Staff Writer
May 13, 2024
Cheers to Collaboration! Inside the Vibrant Funder Intel Mixer
The Funder Intel Mixer was a night of powerful connections, stimulating conversations, and endless possibilities.Â
Staff Writer
May 9, 2024
Shopify reports $587 million in Q1 Advances and Loans to merchants
In the three months ended March 31, 2024, and 2023, the Company purchased $587(in millions) and $362, respectively, of merchant cash advance
Shane Mahabir
May 7, 2024
PayPal sees YoY drop in receivables purchased; refrains from 'merchant cash advance' terminology
In the quarter ending March 2024, it's reported that PayPal purchased $419 million of receivables, however in the same quarter of 2023 it...
Shane Mahabir
May 6, 2024
How to improve MCA portfolio performance with Rodrigo Fritis, CEO of Niso
Exclusive interview with Rodrigo Fritis, the CEO of Niso, a leading provider of strategic portfolio solutions using AI & Data Science.
Staff Writer
May 5, 2024
Beyond PPP Fraud: Lessons from an Equipment Finance Scheme
Maryland man's recent guilty plea to defrauding both programs sheds light on a lesser-known but persistent issue:Â equipment financing fraud
Staff Writer
May 2, 2024
Whistleblower Reveals Alleged Compliance Lapses in Sanctions, Terrorism Financing at Block
Federal prosecutors are investigating internal practices at Block, the financial technology firm founded by Twitter co-founder Jack Dorsey,
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