Small Business

Financeit announces $17M round

Financeit announces $17M round

Canadian POS financing provider Financeit has completed an equity financing round led by new investors The Pritzker Organization and DNS Capital. Existing investors also participated. The funds allow Financeit to complete the purchase of TD Bank Group’s indirect home improvement ...

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Barbara Corcoran to promote OnDeck

Barbara Corcoran to promote OnDeck

Online lender OnDeck has launched a national marketing campaign featuring Shark Tank judge Barbara Corcoran. Ms. Corcoran  will be featured in radio, television and customer communications and serve as a contributing editor to OnDeck’s blog. In 2015 OnDeck initiated the ...

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Fundation secures $100M from Goldman Sachs

Fundation secures $100M from Goldman Sachs

Marketplace lender Fundation has secured a $100 million asset-backed credit facility from Goldman Sachs. The funds are earmarked toward increased small business lending. Fundation develops relationships with different lending sectors and allows those partners to offer lending capability to their ...

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Bizfi enjoys big Q2

Bizfi enjoys big Q2

  Small business lending platform Bizfi enjoyed healthy growth in the second quarter. Year-over-year originations increased 25 percent to more than $144 million. More than 3,580 small businesses received financing either directly from Bizfi or through its marketplace. Several factors ...

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OnDeck hires former Capital One exec Kanjlia

OnDeck hires former Capital One exec Kanjlia

OnDeck has named Gagan Kanjlia to the new role of senior vice president of product. Mr. Kanjlia is charged with leading product design, channel design and strategic business initiatives. Based in New York, he will report to COO James Hobson. ...

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