Cash Advance news and trends

HIFI Acquires The Music Fund Bringing AI to Bear on Sluggish Creator Economy Payments
Payment Methods // September 30, 2021

In the latest news, artists’ financial rights organization HIFI is acquiring royalty payments FinTech The Music Fund (TMF) in a deal aimed at addressing the notion of a starving artist. Specifically, HIFI wants to leverage TMF’s artificial intelligence (AI) that powers a “smart-pricing algorithm” that gives artists and musicians a...

Patreon Debuts Cash Advances For Users
Loans // February 18, 2020

Patreon, known for its platform for content creators to earn money from fans, will be entering the micro-loan business, according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

FTC Wants Tighter Small Biz Lending Scrutiny
B2B Payments // May 08, 2019

The U.S. Federal Trade Commission (FTC) is eyeing tighter scrutiny of small business lending practices as Commissioner Rohit Chopra calls on the regulator to combat predatory SMB loan contracts, reports in Bloomberg said on Wednesday (May 8). Get the Full Story Complete the form to...

Merchant Cash Advance Firms In NY AG’s Crosshairs
Alternative Finances // December 04, 2018

The NY AG is looking into how state courts are a weapon against small business owners, who sign documents that allow merchant cash advance firms to do far more than charge exorbitant rates. Through confessions of judgement, these less than scrupulous lenders can drain bank...

Quick Reads
SumUp Raises $100 Million to Offer Merchants Cash Advances

August 09, 2023
SumUp has raised a $100 million credit facility to launch a merchant financing solution. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing […]

HIFI Acquires The Music Fund Bringing AI to Bear on Sluggish Creator Economy Payments

September 30, 2021
In the latest news, artists’ financial rights organization HIFI is acquiring royalty payments FinTech The Music Fund (TMF) in a deal aimed at addressing the notion of a starving artist. Specifically, HIFI wants to leverage...

Patreon Debuts Cash Advances For Users

February 18, 2020
Patreon, known for its platform for content creators to earn money from fans, will be entering the micro-loan business, according to reports. Get the Full Story Complete the form to unlock...

FTC Wants Tighter Small Biz Lending Scrutiny

May 08, 2019
The U.S. Federal Trade Commission (FTC) is eyeing tighter scrutiny of small business lending practices as Commissioner Rohit Chopra calls on the regulator to combat predatory SMB loan contracts, reports...