Merchant cash advance

Propel Reports Q4 and Year End 2021 Financial Results

Retrieved on: 
Monday, March 21, 2022
Finance, Internet, Banking, Professional Services, Technology, Company, Exercise, Retirement, Growth, Toronto Stock Exchange, Merchant cash advance, Success, TSX, Ombudsman for Banking Services and Investments, Ratio, Hilltop Holdings Inc., Result, Adjustment, IPO, IFRS, Bank, Animal, Lithium, Security (finance), Renewable energy

Propel Holdings Inc. (Propel or the Company) (TSX: PRL) today reported its financial results for the three months (Q4 2021) and full year ended December 31, 2021.

Key Points: 
  • Propel Holdings Inc. (Propel or the Company) (TSX: PRL) today reported its financial results for the three months (Q4 2021) and full year ended December 31, 2021.
  • In 2021, Propel facilitated the rollout of 10 new states through its MoneyKey brand and 10 new states through its CreditFresh brand.
  • This expanded geographic reach by our Bank Partners and provided the addressable market to rapidly accelerate originations in 2021.
  • Based on the assumptions discussed in Propels accompanying managements discussion & analysis for the period ended December 31, 2021 (the Fiscal 2021 MD&A), Propel anticipates achieving the results set forth below for the fiscal years ended 2022 and 2023.

PIRS Capital Starts 2022 with Some Major Updates and Milestones

Retrieved on: 
Friday, February 18, 2022
Capital, MCA, Super Mario, Business, Growth, MIAMI, Mallinger, Merchant cash advance, PIRS, Partner, Business development, Industry, ISO, Small business, Bank

PIRS Capital's financial strength will enable continued expansion and the ability to offer up to $1M in funding per business entity, without any change to the current rates and terms.

Key Points: 
  • PIRS Capital's financial strength will enable continued expansion and the ability to offer up to $1M in funding per business entity, without any change to the current rates and terms.
  • "Our lending partners have been with us since the very beginning and are just as excited as we are about the future of PIRS Capital.
  • Additionally, PIRS Capital is expanding their team and have hired industry veteran Salvatore Morreale as the Director of Business Development.
  • PIRS Capital launched in 2013 with one objective in mind: to ensure client success when funding small businesses across the nation.

Bell Buckle Holdings, Inc. Updates Shareholders and Enters into Discussions with Two Operating Companies

Retrieved on: 
Thursday, February 17, 2022
Income, Merchant cash advance, CEO, Company, Bell Buckle, Tennessee, Forward-looking statement, OTC Markets Group, Consultant, GLOBE, Terminology, Technology, Board, Acquisition, Knowledge, Artificial intelligence, Industry, Security (finance), Bank

“We will be able to purchase larger debt portfolios at steep discounts as part of our agreements -- 5-10 cents on the dollar. We foresee that we will be able to help small businesses and consumers in our economy resolve their obligations at a discount while realizing profitability for the Company’s shareholders,” Commented Kim Halvorson, Chief Executive Officer, Bell Buckle Holdings Inc.

Key Points: 
  • First: The Company reported in the 2020-year end OTC Disclosure that Bell Buckle Holdings had signed an agreement to acquire nearly $20 Million of debt assets.
  • The assets currently being evaluated are Merchant Cash Advance loans, personal loans, private student loans, real estate loans and other income producing portfolios.
  • The Company will partner with proven law firms, consultants, and debt collection agencies to turn these outstanding obligations into cash assets.
  • Bell Buckle Holdings seeks market and off-market assets for acquisition, resolution, and liquidation in the multi trillion-dollar US market.

Iron Capital Equities Launches Platform for Small Businesses Mired in Expensive Alternative Debt

Retrieved on: 
Tuesday, February 15, 2022
MCA, Merchant cash advance, Science and technology in Asia, Small business, MCAS, Technology, Bank

NEW YORK, Feb. 15, 2022 /PRNewswire/ --Fintech Group, Iron Capital Equities, which operates multiple small business web properties, announces their newest platform, www.reverseconsolidation.com .

Key Points: 
  • NEW YORK, Feb. 15, 2022 /PRNewswire/ --Fintech Group, Iron Capital Equities, which operates multiple small business web properties, announces their newest platform, www.reverseconsolidation.com .
  • With the use of banking intermediary technology, the fintech platform analyses a business' cash flow and determines how to refinance expensive Merchant Cash Advance (MCA) debt.
  • Businesses use this expensive money for working capital, upcoming projects, inventory, payroll, etc.
  • This far exceeds the profitability threshold for many businesses', says Matthew Elling, founding partner at Iron Capital Equities.

Behalf, Inc. CEO: Four Things to Watch for in B2B Finance

Retrieved on: 
Wednesday, February 2, 2022
CEO, SoFi, Sale, JPMorgan Chase, Financial technology, Small business, Merchant cash advance, Commerce, Equal housing lender, Â, Barclays, Health, GLOBE, Mastercard, Electronics, FDIC, Super Mario, Solution, Review, Sales, Online shopping, Bank, B2B, Behalf

When everything shifted to online purchasing, a lot of B2B sellers were really unprepared.

Key Points: 
  • When everything shifted to online purchasing, a lot of B2B sellers were really unprepared.
  • In 2022, B2B merchants will continue to fortify the e-commerce experience with the goal of making the end-to-end buying process as frictionless and differentiating as possible.
  • I think well see B2B start to really close the innovation gap with B2C in the next 12-24 months.
  • Behalf offers alternative B2B financing solutions tailor-made for real-time commerce across e- tail, assisted-selling and other merchant sales channels.

Provenir Customer Reliant Funding Named LendIT Fintech Industry Awards ‘Top Small Business Lending Platform’ Finalist

Retrieved on: 
Wednesday, January 12, 2022
Technology, Mobile, Wireless, Finance, Security, Banking, Professional Services, Software, Internet, Data Management, Nexus, Technology, Paas, Small business, Business, MCA, Growth, Merchant cash advance, Software as a service, Reliant Motors, Organization, Partnership, Bank, Online shopping, Provenir, Reliant Funding, PROVENIR, RELIANT FUNDING

Provenir , a global leader in AI-powered risk decisioning software, today congratulated its customer Reliant Funding for being recognized as a LendIT Fintech Industry Awards 2021 finalist.

Key Points: 
  • Provenir , a global leader in AI-powered risk decisioning software, today congratulated its customer Reliant Funding for being recognized as a LendIT Fintech Industry Awards 2021 finalist.
  • Reliant Funding was named a finalist in the Top Small Business Lending Platform category, which honors organizations based on a combination of loan performance, volume, growth, product diversity and innovation.
  • Reliant Funding provides customized, short-term funding to small businesses nationwide via its Merchant Cash Advance (MCA) offering that is based on a companys cash flow.
  • We are honored to be named a finalist in the prestigious LendIT Fintech Industry Awards, which is a testament to the hard work and dedication of our employees, said Steven Kietz, Chief Executive Officer, Reliant Funding.

Ampla Secures $40 Million in Series A Funding Co-Led by VMG Partners and Forerunner Ventures

Retrieved on: 
Wednesday, December 22, 2021
Professional Services, Data Management, Technology, Finance, Software, Banking, Marketing, MCAS, Growth, Technology, VC, Machine learning, CEO, Partnership, Investment, VMG, Industry, Wealth Partaking Scheme, Confusion, Color, E-commerce, Catalysis, Solution, APRS, Merchant cash advance, Economics, MCA, Super Mario, Forerunner, Company, Pulse, Commerce, Ecosystem, Homs, Bank, Retail, Online shopping, Financial services, Lecythis ampla, Emily Weiss, Digital curation, Chime

Anthony Santomo, Founder and CEO of Ampla, commented: Before Ampla, emerging SMBs had nowhere to turn.

Key Points: 
  • Anthony Santomo, Founder and CEO of Ampla, commented: Before Ampla, emerging SMBs had nowhere to turn.
  • Santomo included: We are incredibly excited to be partnering with VMG Partners and Forerunner Ventures at this pivotal moment in our companys history.
  • This accretive partnership with VMG Partners and Forerunner Ventures will further Amplas mission of providing an array of financial solutions to SMBs.
  • VMG Partners debuted VMG Catalyst fund two years ago, dedicating funds to businesses with the infrastructure, services and technology stack supporting other businesses.

CloudMyBiz Inc. Appoints Mike Walsh As CEO

Retrieved on: 
Thursday, November 4, 2021
Founder, Walsh, Growth, Information technology, Volkswagen, California Lutheran University, Merchant cash advance, Solution, Business administration, IVR, Market research, Harbor Freight Tools, Management

LOS ANGELES, Nov. 4, 2021 /PRNewswire/ --CloudMyBiz is pleased to announce Mike Walsh as its new CEO.

Key Points: 
  • LOS ANGELES, Nov. 4, 2021 /PRNewswire/ --CloudMyBiz is pleased to announce Mike Walsh as its new CEO.
  • Mike Walsh has spent the past five years with CloudMyBiz Inc., where he has experienced all sides of the business.
  • Prior to CloudMyBiz, Walsh held Operations Management, Sales, and Market Research positions in the information technology and services industries.
  • Fundingo is a loan management solution, created by CloudMyBiz, that streamlines the entire process of originating, underwriting, and servicing loans.

RMS partners with Fulcrum Digital to deliver secure and scalable solutions in the Fintech Payments Space

Retrieved on: 
Wednesday, September 15, 2021
Online, Fulcrum, TCV, Education, EPOS, CEO, New product development, Technology, Insurance, Science and technology in Asia, Centre for Excellence in Telecom Technology and Management, Industry, COO, Foodservice, Machine learning, Solution, Payment Card Industry Data Security Standard, PCI, COE, Merchant services, Partnership, RMS, COVID, PCI DSS, Acquisition, Merchant cash advance, Online shopping

Fulcrum Digital will support RMS in its rapid digital transformation to deliver a superior digital customer experience and creating a diverse portfolio of technology-driven products and solutions for the payments industry.

Key Points: 
  • Fulcrum Digital will support RMS in its rapid digital transformation to deliver a superior digital customer experience and creating a diverse portfolio of technology-driven products and solutions for the payments industry.
  • RMS identified Fulcrum Digital as a technology partner to drive agility, product and technology innovation, and cost-effective yet personalized payment solutions for their customers.
  • Fulcrum Digital will leverage its more than two decades of fintech domain experience, real-time payments, alternate payments, acquirer integrations expertise, and industry-leading Centres of Excellence (COE) to empower RMS to become future-ready.
  • Also, help RMS to deliver reliable and secure payment solutions for businesses across the UK and Ireland.

Oportun Expands Secured Personal Loans Product to Florida

Retrieved on: 
Tuesday, July 13, 2021
Money, Finance, Loans, Economy, Payday loan, Title loan, Payday loans in the United Kingdom, Merchant cash advance

Just as our traditional personal loans have served as an alternative to payday loans for the borrowers we serve, this new product serves as an affordable, credit building alternative to auto title loans, said Matt Jenkins, Chief Operations Officer at Oportun.

Key Points: 
  • Just as our traditional personal loans have served as an alternative to payday loans for the borrowers we serve, this new product serves as an affordable, credit building alternative to auto title loans, said Matt Jenkins, Chief Operations Officer at Oportun.
  • Through its secured personal loans, Oportun can serve customers who would otherwise be denied access to affordable credit.
  • Oportun secured personal loans offer customers fixed and affordable payments; no prepayment penalties or balloon payments; and the opportunity to build a credit score.
  • Oportun secured personal loans range in size from $2,525 to $20,000.