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LightSpeed Capital Has Over $100M in MCAs on Balance Sheet

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LightSpeed Capital, the MCA division of LightSpeed Commerce, has over $100M in merchant cash advances on its balance sheet, according to the company’s latest quarterly earnings report. The POS company reported that LightSpeed Capital’s revenue grew 34% year-over-year.

The company’s balance-sheet-driven approach has made them relatively conservative and cautious with originations growth. For example, in the preceding quarter, Lightspeed CFO Asha Bakshani said “There is a lot of opportunity. We can move faster if we wanted to. When we look at our peers, for example, they are giving out 1% of their [Gross Transaction Volume] in merchant cash advance. Lightspeed is well below that. 1% of our GTV would be almost $1 billion in merchant cash advance. So when we think about the opportunity, it’s there. It’s just that in this macro, we want to move carefully on a product like Capital. Like I mentioned earlier, our default rates are in the very low single digits, and we want to keep it there.”

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DailyFunder’s Mobile App Returns to iOS

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DailyFunder iOSDailyFunder’s iOS app is back. DailyFunder 2.0 is now available in the Apple App Store.

The app is a completely new rebuild from the versions that were published in the App Store in 2013 & 2014. Apple’s technical standards forced those versions out of distribution by 2017 and there had been no replacement since. That is until now since DailyFunder recently decided to do a reboot using in-house developers instead of a third party. Given that it’s the first new iteration, consider it a Beta.

DailyFunder 2.0 features:

  • The main forum categories
  • The Activity Feed
  • Make new threads and replies
  • PM other users
  • Industry news headlines & links
  • Advertiser/Vendor directory
  • Advertising

What’s not available yet:

  • The app for Android (on the list to do)
  • The reputation feature
  • In-app registration (must do that on the web-based version)
  • Perfection (there will be bugs. Please bear with it)
  • Ability to edit one’s profile in-app (on the list to do)

DailyFunder has more than 17,000 approved members, making it the largest and most active online small business finance community in the US. The site launched as a forum in 2012. DailyFunder is great for networking, placing a deal, or industry gossip. For questions related to the site or the mobile app, email webmaster@dailyfunder.com.

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LendingTree: ‘Small Business Loan Originations Up 40% On Our Platform’

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LendingTree’s small business loan origination volume is up 40% YoY, according to the company’s latest quarterly earnings report.

“In small business, we made a strategic investment to grow our sales force and it has paid off in more business and more efficiency,” said LendingTree CEO Doug Lebda. “I think that small business can be a real growth driver for us.”

Lebda added that profitability had been consistently growing each quarter and that the company was “on a roll.” And part of that is being attributed to staying on top of AI.

“Eighteen months ago, I told our board and our company that we’re going to be an AI first company,” Lebda said. “And today, effectively, all of our employees are using AI in their day jobs, including having enterprise GPT for everyone.”

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How SoFi is Approaching AI and Blockchain

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“We’re implementing and testing AI applications across our business from enhancing back office processes like dispute resolution and filing suspicious activity reports to improving how we interact with our members to help them get their money right, and we brought on teams of engineers to drive these efforts forward,” said SoFi CEO Anthony Noto during the Q2 earnings call.

While the company is using other innovative technologies like blockchain to allow customers to move money over crypto rails or to invest in the underlying cryptocurrencies themselves, they also see a role for it to effectively reintroduce peer-to-peer lending/investing.

“As we look further down the road, we see the potential to tokenize SoFi loans to make them more widely available in liquid markets in increments of dollars rather than tens of thousands of dollars such that anyone can invest in loans just like they do equities,” Noto said. “Crypto is a key area of focus for our management team and when we have brought on board significant expertise, including substantial engineering talent to advance these new initiatives.”

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Cloudsquare lending platform now integrated with Forward Financing

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Los Angeles, CA – July 28, 2025 – Cloudsquare, the leading provider of Salesforce-powered merchant cash advance (MCA) solutions, has announced the addition of Forward Financing to its expanding library of lender connections, strengthening its position as the most advanced lending platform on the market.

This new lender API module enables brokers to submit applications, receive offers, and track deal statuses all from within the Cloudsquare Broker platform, eliminating friction and accelerating decision-making in one of the most competitive areas of alternative finance.

Key Features of the Forward Financing Module:

· Submission Status Tracking: Stay updated in real time with polling-based updates, no more inbox-hunting or status guessing.

· Offer Generation:
Offers are delivered directly into Cloudsquare, streamlining your workflow.

· Declined Details: Receive clear reasons for declines, allowing teams to adjust and resubmit quickly.

· Document Upload:
Upload and manage application files using a dedicated endpoint.

· Industry Picklists: Keep submissions clean and categorized with discrete industry values.

This enhancement is part of Cloudsquare’s ongoing mission to offer the most powerful and scalable lending platform in the industry, giving brokers access to more funders, faster automation, and an unmatched ability to scale.

Explore more about this connection here

About Cloudsquare

Cloudsquare is the most powerful end-to-end lending platform built natively on Salesforce. Designed to automate and streamline every stage of the lending lifecycle—from lead to funding to servicing—our platform helps financial organizations move faster, scale smarter, and close more deals with confidence. Trusted by top lenders and rated #1 on the Salesforce AppExchange, Cloudsquare combines AI-powered automation with unmatched configurability to transform how lending teams operate.

For media inquiries, please contact:

Cloudsquare Marketing Email: marketing@cloudsquare.io

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Enova on Business Loan Originations Growth: ‘Like Running Downhill’

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Enova originated $1.2B in small business loans in Q2 2025, marking the fourth time they’ve exceeded $1B. When asked how that segment of their business has continued to perform so consistently, Enova CEO David Fisher said that small businesses had a couple of rock solid quarters in a row.

“It’s almost like running downhill,” Fisher said. “It’s not like you’re trying that hard. It just kind of happens. Credit has been incredibly stable…and when you have rock solid credit and you’re in a very strong competitive position, yes, generating origination growth is like I said, kind of like running downhill. It’s not like we’re trying super hard to do it. We just let the business perform the way it was performing.”

Later on Fisher added that “the competitive dynamics on the small business side are more stable. There’s fewer players. We know who they are. Brand matters more. And so that super strong position we have in SMB, I think helps with the stability a bit.”

In regards to how they’ve evolved their approach to TV advertising, Fisher said:

“So ten years ago, we were running a lot of national TV. Now it’s almost all digital TV, where you can almost target city by city and certainly state by state and even different types of groups within those markets. So that all plays into what we do super well because we develop models ‘that the more data focused that we’re looking at, the easier it is for us.’ So TV was never our favorite thing, but if we can target specific states, specific groups, specific times of days, figuring out which types of programming work the best, that’s really amazing for us to be able to plug that all into our algorithms and become more and more efficient with marketing.”

Lastly, Fisher is retiring as CEO to become Executive Chairman effective January 1, 2026. During the call Fisher said that with the business on super stable footing, that it was simply the right time. CFO Steve Cunningham will take over the CEO position.

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How Are Your Sales Calls Going? How One AI System Can Score Performance

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call centerThe subjectivity era of evaluating sales reps is over. Sales calls can now be dissected down to every little nuance of why something went right or wrong, and it can be done at scale with no human bias. These interactions can also be aggregated to determine strengths, weaknesses, trends, compliance, confidence levels, and more, all thanks to AI and technology available right now.

“The way [our] platform works is we integrate with the dialer,” says Atul Grover, Co-founder and VP of Sales for Enthu.AI. “Typically, what we have seen with our clients, the calls are automatically pushed within two or three minutes after the conversations are done.”

With Enthu, a company’s call recordings go through their AI system to be analyzed based on either their own scorecard, the client’s, or both. Whatever the outcome of the call, lost sale, closed deal, or neither, management receives a report to see how the rep performed. Did the rep try to build rapport? What were the objections? Did they handle objections well? Did the rep sound confident when answering difficult questions? Across hundreds or thousands of calls each week, any rep can get an unbiased report card of their strengths and weaknesses. These metrics can then be compared with peers, without the worry of human bias deciding the outcome. They can’t blame the boss for simply favoring another rep, for example.

Originally, when Enthu started, they focused mainly on keyword spotting for compliance purposes, evaluating whether or not reps were saying what they were supposed to across thousands of calls. But that had its limitations.

“That’s how we started our journey, using purely keyword spotting,” Grover says, “but the challenge over there is that you can’t basically expand or scale it. So that’s why we use our AI approach, where it’s primarily intent-based rather than keyword-based. So we look at the intent of all the conversations.”

Rather than AI replacing sales reps, as some theorize might happen over time, it can be used to make them a whole lot better. And this is already being employed today. Enthu, for example, is currently being used in financial services, healthcare, home industries, property management, and more. Grover says clients are already using it to measure disparities in call performance and then using those insights to coach reps who score on the lower end.

“Our platform also offers the ability to create a playlist for the good recordings, which you can use to train your new agents,” Grover says. “So rather than training in general that’s like, ‘okay, this is our company product, this is our company offerings, you should talk like this,’ they can share those good recordings with the new agents so they can listen to how their good sales agents are doing, and then get trained on the real data.”

enthu.ai

Recording calls and finding good ones is not a new capability, anyone can do that. But it’s the ability to identify certain call situations at scale that makes all the difference when trying to evaluate and coach. If a new objection is tripping up the team, management can pull every instance it has come up, calculate its frequency, and use that information to determine the best path forward. These are things that would typically rely on the “vibe and feel” of the sales floor, as reps relay information to the boss, who must then assess whether the trend is legitimate or just a statistical blip.

Independent analysis can also be critical when a company is evaluating a lead source or referral partner, especially if that partner is also expecting to be judged objectively. And when the lead source changes, the AI can be told in advance whether the calls are outbound or inbound, hot or cold, or how they differ from other types of calls the company handles. The resulting evaluations can then reflect those circumstances.

Success, in this way, can be gamified, allowing reps to strive for higher grades across all areas of a call and objectively compare themselves to colleagues in an emotion-free environment. The AI can score each call or aspect of a call on a scale from 1 to 10 and produce a summary score for each rep over a day, week, or month, unlocking new motivational challenges. An underperforming rep could be recognized for a top score in overcoming objections, for example, even if they didn’t close the most deals. Picture a Broker Battle, but the judge is an AI.

enthu.aiAnd it’s not just sales. Clients can also use the technology for compliance, to determine whether proper disclosures were made, correct terminology used, and whether the tone of the call remained positive.

“It’s definitely going to be great help for the sales organization,” Grover says. “And if we talk about the lending industry, you talk about compliance and everything, or let’s say the collections department, because they want to make sure that their agents are not screwing up, because there’s legalities involved if they mess up anything. So that’s what our system will flag, where they are doing right or where they’re doing wrong.”

If a client wants to keep keyword spotting as part of the analysis, they can. Grover says pre-set words can be marked as zero-tolerance or flagged for management. The more data and calls the system analyzes, the better it gets.

Grover adds that even if a client isn’t ready to fully integrate Enthu, they can still use old call recordings to access analytics.

“We have some customers in that space where they don’t have a dialer but they still have the recording,” Grover says. “So our platform also allows to upload the recordings directly by the client itself, on the platform itself, where they can upload the calls manually, then you’re still going to get the same intelligence, same analytics, same scorecard mechanism, even if you upload it manually.”

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Coleman Report’s Bob Coleman is Out With a New Book: “Easy Money, Hard Time”

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easy money hard timeBob Coleman, founder of Coleman Report, the leading provider of information to small business bankers to help them make less risky small business loans, recently authored a book. Titled Easy Money, Hard Time: 19-Covid PPP Loan Fraud Stories, the book dives into “the most shocking cases of PPP loan fraud, exposing the audacity, greed, and recklessness of those who saw an economic disaster as a chance to cash in.”

Coleman has also previously authored PPP Saves Millions of Main Street Jobs During Covid (2022) and Money, Money Everywhere But Not a Drop for Main Street (2011).

Coleman’s premium content trade newsletter began in 1993 and it provides critical analytical information for today’s small business lending professional. They are the largest producer of training courses and webinars for small business bankers.

Bob Coleman will be moderating a panel on SBA lending at the B2B Finance Expo in Las Vegas this October.

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