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See You in Las Vegas
We’ll be in Las Vegas for the inaugural B2B Finance Expo (a deBanked / SBFA collaboration). Tickets are just about sold out so if you haven’t bought one already, check the site to see if registration is still active. It will turn off automatically.
Here’s what you need to know:
Sept 22, Wynn, Las Vegas, 7-10pm: B2B Finance Expo Poker Tournament
- Anyone can attend to watch and network FREE. Cash bar on site.
- Seats to play are limited. Must be done in advance on the registration page. Seats almost sold out. Game is not for cash. $100 entry fee. All entry fees donated to GreenLedger, a new non-profit.
- Winner of the tournament gets a genuine gold B2B engraved championship bracelet.
Sept 23-24, Wynn, Las Vegas: B2B Finance Expo
- See agenda
- LOWER CONVENTION PROMENADE
- Tickets required for entry
Please be sure to stop by the Small Business Finance Association’s booth (SBFA) to learn more about the non-profit organization.
Other trade associations with representatives in attendance include the National Private Lenders Association (NPLA) and the Innovative Lending Platform Association (ILPA).
Trade media in attendance will include: deBanked, Coleman Report, and Equipment Finance News.
Please be sure to check out the booths of Kapitus & Rapid Finance (Diamond Sponsors) and Bitty & Lendini (Platinum Sponsors).
For event related questions email events@debanked.com. Event staff will not be able to answer calls after Thursday, 9/19. View Post
LoanGeek Launches LiveDeal: An Innovative Deal Portal for Commercial Real Estate Lenders
RED BANK, N.J,, Sept. 18, 2024 — LoanGeek, a leading platform in commercial real estate financing, is excited to announce the launch of LiveDeal by LoanGeek, providing lenders with direct access to exclusive financing opportunities.
LiveDeal is designed to streamline the deal-sourcing process for lenders. It offers an intuitive, tech-forward solution that allows lenders to explore and evaluate potential deals in real-time. The platform is built for lenders, giving them the ability to filter deals based on key metrics such as loan type, loan amount, property type, and location. With the ability to view deal summaries at a glance, lenders can quickly assess opportunities and express interest in the ones that match their investment criteria.
“Our goal is to maximize deal exposure for our clients while providing lenders with a seamless experience,” said Chris Pepe, CEO of LoanGeek. “Traditionally, we’ve worked directly with lending partners to source financing. With the launch of LiveDeal, we are inviting lenders to be part of the process from the start, increasing efficiency and ensuring they have access to the best deals.”
Key features of LiveDeal by LoanGeek include:
- Advanced Deal Filtering: Lenders can filter deals by location, loan type, loan-to-value (LTV), and other metrics, enabling them to quickly find the most relevant opportunities.
- Instant Notifications: When lenders express interest in a deal, the LoanGeek team is immediately notified, ensuring quick follow-up and detailed discussions about the transaction.
- Real-Time Updates: LiveDeal offers live updates, so lenders are always working with the most current information on each deal.
LiveDeal by LoanGeek offers a significant step forward for lenders seeking efficiency in deal sourcing. It’s designed for lenders who want an efficient way to discover high-quality opportunities, making it the most effective platform for sourcing and evaluating deals in today’s competitive market.
About LoanGeek:
LoanGeek is a commercial real estate financing platform specializing in connecting real estate investors with capital providers. Serving the commercial real estate industry, LoanGeek’s platform streamlines the process for both lenders and borrowers.
For more information, visit www.loangeek.com
View PostB2B Finance Expo Poker Tournament Details
Seats for the B2B Finance Expo Poker Tournament are almost full. The non-cash competition is happening on the evening of September 22 from 7pm – 10pm PT at The Wynn Las Vegas. Anyone registered for the conference is eligible to register for the tournament while seats last. The grand prize is a 14k gold B2B championship bracelet, an optional interview for a story about your company on deBanked, and a few other goodies. The tournament is an excellent way to network with potential partners and peers while sizing up the competition!
Location: The Wynn Las Vegas – Pomerol Ballroom + outdoor patio
The entry fee is $100 (select the poker tournament at checkout). 100% of the revenue collected from the entry fees will be donated to GreenLedger, a new non-profit initiative to curtail predatory debt consolidation companies in the small business finance industry.
“GreenLedger’s mission is to work directly with our small business clients to stabilize their revenue-based financing debts and avoid defaulting on their agreements, eliminating the need for potentially predatory middlemen and bad practices of debt consolidation.”
Anyone who wishes to watch but not play can attend FREE. There will be a bar there.
View PostCapify Appoints Sam Colclough as Head of Technology to Accelerate Growth in the UK & AU Markets
MANCHESTER, 17th September 2024 – Capify, a leading online SME lender, is proud to announce the appointment of Sam Colclough as Head of Technology for both the United Kingdom and Australia. Sam joins Capify at an exciting time for the company, which is experiencing a growth trajectory, leveraging a new £100 million (~$130 mil USD) credit line from Pollen Street Capital, recent senior team appointments and an expanded product suite.
Sam brings a wealth of experience and expertise to Capify. With over 20 years of IT leadership experience, Sam will spearhead Capify’s technological and data-driven innovations, empowering the business to continue its growth across the UK and Australia.
“I’m thrilled to join Capify at such an exciting time,” said Sam Colclough. “Technology is a key enabler of growth, and I’m looking forward to working with the team to further enhance our technology, data & artificial intelligence capabilities. By driving innovation and operational efficiencies, we will continue to deliver exceptional value and support to SMEs across the UK and Australia, helping them to grow and thrive.”
Founded in the UK in 2008 during the global financial crisis, Capify has become a vital financial resource for small and medium-sized businesses. Recognised for its commitment to excellence, Capify was awarded SME Lender of the Year (up to £1m) at the UK Credit Awards last year. Originally launched in the United States in 2002, Capify was one of the world’s first online alternative financing companies for SMEs. Since its creation, Capify has supported over 20,000 businesses and funded over £1.2 billion to help SMEs achieve their growth ambitions.
Capify COO/CFO, John Rozenbroek, said: “We are thrilled to have Sam join the team. His impressive track record of leveraging technology to drive business growth aligns perfectly with our mission. As we look to scale further, Sam’s leadership will be crucial in taking our data and technology to the next level, ensuring we remain at the forefront of innovation in the alternative finance space.”
Capify’s appointment of Sam Colclough underscores the company’s commitment to technological growth and innovation, ensuring it remains at the forefront of the alternative finance industry, delivering unparalleled service and support to SMEs in the UK & Australia.
Abut Capify
Capify is an online lender that provides flexible financing solutions to SMEs seeking working capital to sustain or grow their business. Originally started in the US over twenty years ago, the fintech business now operates in the UK and Australia and has served these markets for over 15 years. In that time, it has provided finance to thousands of businesses, ensuring the vibrant and vital SME community can meet the challenges of today and the opportunities of tomorrow.
For more details about Capify, visit:
Capify UK – http://www.capify.co.uk
Capify Australia – http://www.capify.com.au
Media enquiries
Ash Yazdani, Marketing Director
ayazdani@capify.com
BriteCap Financial Announces New CEO
BriteCap Financial LLC (“BriteCap”), a leading non-bank lender providing small businesses with fast, convenient financing alternatives such as working capital loans, announced today the appointment of Richard Henderson as the company’s new CEO.
“I’m proud to see Rick take the helm at a time when BriteCap is poised to bring financial solutions to the market at scale,” said outgoing CEO Sri Kaza. “His experience and relationships across the industry will open the door for many more small businesses.”
BriteCap became a member of the growing family of companies under the North Mill Equipment Finance (NMEF) umbrella in 2023. “We are thrilled to have Rick join as the leader of BriteCap,” reported David C. Lee, Chairman and CEO, NMEF. “His two plus decades of success in equipment finance and working capital lending dovetail well with our strategy to offer comprehensive capital solutions for small and medium sized businesses. In particular, we look forward to developing unique solutions and programs for our key referral partners in partnership with BriteCap.”
“I’m excited to join BriteCap and lead such a respected, values-driven company,” said Rick Henderson, CEO, BriteCap Financial. “BriteCap has built an exceptional, tech-enabled funding platform that blends the speed and convenience of self-service with the expertise of a supportive team, making it easier and faster for small and medium-sized businesses to access the capital they need to grow. I look forward to collaborating with the BriteCap team and our strategic referral partners to build on this legacy, developing innovative solutions that empower America’s business owners and the finance brokers who support them.”
BriteCap operates from offices in North Hollywood, CA and Las Vegas, NV.
About BriteCap Financial
BriteCap Financial is a leading provider of working capital for America’s small business owners. Since 2003, BriteCap combines technology, non-traditional credit algorithms to provide fast, convenient and affordable working capital direct to businesses or through their broker network. For more information about becoming a partner, visit britecap.com/become-a-partner.
About North Mill Equipment Finance
NMEF originates and services small to mid-ticket equipment leases and loans, ranging from $15,000 to $2,500,000 in value. A broker-centric private lender, the company accepts A – C credit qualities and finances transactions for many asset categories including construction, transportation, vocational, medical, manufacturing, printing, franchise, renovation, janitorial and material handling equipment. NMEF is majority owned by an affiliate of InterVest Capital Partners. The company’s headquarters are in Norwalk, CT, with regional offices in Irvine, CA, and Voorhees NJ.
Media Contacts:
For BriteCap:
David Schneider
Vice President of Marketing
BriteCap Financial, www.BriteCap.com
david.schneider@britecap.com
954-494-1606
For NMEF:
Don Cosenza
Chief Marketing Officer
NMEF, www.nmef.com
dcosenza@nmef.com
203-354-1710
Walmart Now a Direct Funder in the Merchant Cash Advance Industry
Ready to enjoy easy access to cash advance funds and flexible financing options? Fuel your growth on Walmart.com with our suite of options.
– Walmart.com
Walmart, which made headlines recently with third party MCA funders Parafin and Payoneer, is now funding MCAs directly as well. The new programs, known as Capital by Walmart and Capital for WFS (Walmart Fulfillment Services), were recently placed on its Marketplace page. Capital by Walmart promotes the program as being “1 flat fee” and “Repayment deductions based on your future sales.”
An explainer video that went live on August 1st says that they can fund you themselves or fund you through third parties. Video here:
Further, Walmart’s site states that for their in-house funding, they collect from merchants via their Marketplace payouts each settlement cycle. “In case of insufficient funds in the settlement account, we may debit your bank account,” it says.
A Walmart MCA is invite-only for the time being.
Walmart didn’t raise any mention of its funding programs or partners in its latest fiscal quarterly earnings report but did stress that Walmart Marketplace had grown by 32%.
View PostLenders, Brokers Doubtful That Merchants Would Use Their Domain Names as Collateral if They Could
Only 26% of respondents said that merchants would use their business’s website domain name as collateral for a loan (presumably if they were given the option to). This according to an informal poll conducted on LinkedIn that asked that very question without any context or clarification. Forty eight percent of respondents straight up said that merchants would not use their domain name as collateral for a loan. Ironically, many secured loans with liens on all assets would already include domain names among those assets.
Back in April, deBanked predicted that lending specifically against a domain as collateral was a product likely to happen in the near future. The following month a domain name registrar partnered up with a peer-to-peer lending site that touted the use of blockchain technology. The first ever domain name loan executed by smart contract actually happened in January of this year, however, by deBanked.
View PostAnticipated Attendance to B2B Finance Expo Surges
Registrations for the inaugural B2B Finance Expo taking place Sept 23-24 at Wynn, Las Vegas have already exceeded attendance to deBanked CONNECT MIAMI 2024 and may well surpass Broker Fair 2024’s turnout in New York City. Due to this overwhelming interest the opportunity to buy tickets may end soon. Make sure your ticket is secured here.
Interest in the event, which will encompass commercial finance folks from across across SBA, CRE, MCA, Equipment Financing, term loans, LOCs, factoring, investment banking, and more, is quickly propelling B2B Finance Expo to be the largest commercial finance event of the year. Brokers, lenders, funders, vendors, tech, data, legal, leads, and more are among those registered to attend. The featured guest speaker is Steve McLaughlin, CEO of FT Partners.
Brokers will benefit from the wide array of relationship partners available at the show. The event has the backing of the Small Business Finance Association (SBFA) and deBanked.
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