News

Heron, a startup using AI to automate workflows, just raised a $16M Series A round. Already a well-known brand in the small ...
Borrow, short-term consumer loan program by Cash App, will not be affected by fees JPMorgan intends to charge fintechs for bank account data access. That’s because Block’s Cash App doesn’t even need ...
Bob Coleman, founder of Coleman Report, the leading provider of information to small business bankers to help them make less risky small business loans, recently authored a book. Titled Easy Money, ...
After Bloomberg News revealed that JPMorgan was planning to charge fintechs to access their customer bank account data, CEO Jamie Dimon was questioned about this during the bank’s latest quarterly ...
Brendan Ross, once the darling hedge fund manager of alternative small business lending, has been sentenced to 40 months in prison after pleading guilty to wire fraud. Ross was indicted five years ago ...
deBanked examined the public messaging from some of the largest publicly traded merchant cash advance facilitators in the US and this is what it found: A merchant cash advance is a purchase of your ...
The submitted deals are real. The merchants are real. Everything checks out until suddenly it doesn’t. The merchants block the payments and find out they’ve been scammed.The funders find out they’ve ...
Today, Strategic Funding announced the launch of a new brand identity, including a name change. Strategic Funding will now be called Kapitus. “We had a name that was very well respected,” said Kapitus ...
Yisroel (“Scott”) Heber pleaded guilty last month for his role in a fake business line of credit scam. In April, the US Attorney for the Southern District of NY and the US Secret Service alleged that ...
The results are finally in. After a six-month review period, the SBA finally announced the applicants that have been approved to serve on its inaugural small business lending advisory council. The ...
Eight individuals have been arrested by the FBI and charged in connection with a scheme to defraud small business owners out of millions of dollars by charging them money in return for a promise of a ...