loans

FinTech Pagaya Notches $102M In Funding Round

FinTech Pagaya Notches $102M In Funding Round
FinTech Pagaya Notches $102M In Funding Round
June 17, 2020  |  Investments

Pagaya, a U.S. and Israeli FinTech collaboration, announced a Series D funding round in which it raised $102 million, according to a press release, bringing...

READ MORE >
FDIC: US Banks See Chargebacks Soar, Profits Tank Due To Pandemic
FDIC: US Banks See Chargebacks Soar, Profits Tank Due To Pandemic
June 17, 2020  |  Bank Regulation

U.S. bank profits took a hit of 69.6 percent in profits in the first quarter of the year compared to the same time last year,...

READ MORE >
Suit Filed Against Merchant Cash Advance Companies For Fraud
Suit Filed Against Merchant Cash Advance Companies For Fraud
June 14, 2020  |  B2B Payments

Three merchant cash advance companies are facing a lawsuit from New York Attorney General Letitia James over reportedly practicing illicit measures when loaning money to...

READ MORE >
Senators Look To Extend PPP Loans To Include More SMBs
Senators Look To Extend PPP Loans To Include More SMBs
June 10, 2020  |  Loans

A group of Democratic senators has introduced a new Paycheck Protection Program (PPP) for small businesses with 100 or fewer employees, including sole proprietorships and...

READ MORE >
Mnuchin: PPP Kept ‘Tens Of Millions’ Employed
Mnuchin: PPP Kept ‘Tens Of Millions’ Employed
June 10, 2020  |  Economy

The Paycheck Protection Program (PPP) has supported over three-quarters of the small- to medium-sized business (SMB) payroll in 50 states, Treasury Secretary Steven Mnuchin said...

READ MORE >
Amazon, Goldman Have Lots To Gain From Their New Partnership
Amazon, Goldman Have Lots To Gain From Their New Partnership
June 10, 2020  |  Partnerships / Acquisitions

Small businesses hit hard by COVID-19 shutdowns are facing thin cash reserves, and the extension of credit to those SMBs has become an increasingly crowded...

READ MORE >
Merkado, Kapital Connection Team To Offer SMB Finance Options
Merkado, Kapital Connection Team To Offer SMB Finance Options
June 09, 2020  |  B2B Payments

Merkado RHA, which offers digital transformation solutions, will work with Singapore-based Kapital Connection to offer inclusive investing and financing services to Indian startups and small-...

READ MORE >
Auto Debt Set Records Before Potential Coronavirus Impact Hits
Auto Debt Set Records Before Potential Coronavirus Impact Hits
June 09, 2020  |  Debt

Trouble may be brewing in the key auto finance sector in the months ahead amid the economic fallout from the coronavirus, despite a drop in...

READ MORE >
Bracing For Another Wave Of SMB Lending Disruption
Bracing For Another Wave Of SMB Lending Disruption
June 09, 2020  |  B2B Payments

The financial services community continues to rally around America’s small- to medium-sized businesses (SMBs) with the understanding that Main Street remains the backbone of economic...

READ MORE >