Cole Harmonson, CEO of Dare Capital and a board member for the American Factoring Association, posted an update last month on ...

There’s a couple new lenders on the block to keep an eye on. One of them is named Slope. Backed by both JPMorgan and OpenAI ...

Walmart became a direct merchant cash advance funder in 2024. You can learn more about it here. Walmart also works with third parties such as Payoneer, Parafin, and Uncapped.

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 ...

Marcus by Goldman Sachs, the prestigious investment firm’s attempt at being a conventional bank, announced that they have over $100 billion in deposits after just five years in operation. The online ...

The CFPB has come back with a new proposal on how to roll out its section 1071 rules. Inside the 198 pages, the agency opines at length on merchant cash advances and reverses its previous opinions. It ...

Dream Data Services LLC filed a voluntary petition for bankruptcy last week. The New Jersey-based company had claimed to sell MCA leads including Submissions with all of the merchant’s information.

Block’s business loan division, Square Loans, had a massive year in 2023, generating $4.78 billion in loans. That was $1.5 billion more than its closest competitor Enova and up from $4.06 billion in ...

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 ...

See last year’s list here.