Harvard Business School has released a comprehensive report on the state of small business lending and its current landscape; Lend Academy provides more details in their article with insight from author, Brayden McCarthy of Fundera; paper includes details on the evolution of online lending within the small business lending market; goals of the paper include laying a foundation for regulatory reform and exploring how online small business lenders can partner with banks. Source
News Roundup
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Income sharing agreements aren’t new and there were some early fintechs who have attempted this type of model; however there are new companies looking at income sharing agreements to help those with student loans tackle their debt. Source
Kristin Lemkau, chief marketing officer at JPMorgan, says the bank has limited its web ads to 5,000 from 400,000 in an effort to improve the quality of ad displays; marketers have taken a programmatic advertising approach which features ads across the web based on browsing habits versus investment in individual sites; the new limitations for JPMorgan use a more customized white listing approach and are also the result of fewer ads on YouTube following recent issues. Source
The UK online lender was launched with a focus on secured aviation lending and has expanded to other types of transactions including secured capital equipment and property lending; it says the authorization will help it to expand and further concentrate efforts on its technological development; the firm has reported an 850% increase in loan volume in the last year; the firm has plans to launch in Australia and also expand to other regions. Source
The Series F round values the company at $2.9 billion post money...
Token-as-a-Service (TaaS), co-founded by Konstantin Pysarenko, Ruslan Gavrilyuk, Dmytro Chupryna and Maksym Muratov, will offer a blockchain fund through an initial coin offering (ICO); the fund will issue tokens which represent a proof-of-membership; the fund will perform a cryptographic audit to track trading activity; TaaS is also developing a new blockchain analytic platform called Kepler that will provide data similar to Bloomberg; according to founder Konstantin Pysarenko: "The overall aim of TaaS is to deliver long-lasting innovations in the blockchain industry. And, we believe that TaaS and Kepler are on track to revolutionize the journey of investing in cryptocurrencies and tokens forever and we are excited to watch it all unfold." Source
Despite being less than two years old Marcus by Goldman Sachs continues...
David Marcus is the leading force at Facebook who has helped to...
Lendio Provides More Than 5,000 Kiva Loans to Support Women-Owned Businesses Around...
BFS Capital Inc., a leading small business financing company, announced that it has appointed Michael Marrache as chief executive officer to succeed outgoing CEO and co-founder Marc Glazer; Michael has been with the company for four years and previously served as COO then President; "I began work with BFS Capital nearly four years ago because I thought the company had enormous potential, and I'm even more certain of this today. I'm honored to have been asked by Marc and the board to lead the company's next phase of growth," said the new CEO; Marc Glazer will continue in his role as chairman of the board. Source