Small Business

OnDeck increases service in Canada

OnDeck increases service in Canada

Small business online lender OnDeck has expanded its Canadian product offerings. Small businesses with minimums of $100,000 annual revenue and one year in operation can apply for a credit line from $10,000-$50,000. It can be drawn upon at any time ...

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Lendio reaches $250M milestone

Lendio reaches $250M milestone

  Small business lending marketplace Lendio has surpassed the $250 million total in funding to small businesses loans to more than 10,000 small businesses. The platform also reported 86 percent year-over-year growth in the second quarter on $55 million of ...

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BlueVine names former Square exec as CRO

BlueVine names former Square exec as CRO

Small business financing platform BlueVine has hired Eric Sager as its chief revenue officer. When he was Square’s sales head, Mr. Sager ran efforts to acquire upmarket customers and also worked with the company’s growth and retention teams. He has ...

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Bizfi partners with tax preparation group

Bizfi partners with tax preparation group

Small business funding marketplace Bizfi is partnering with the National Director of Registered Tax Return Preparers & Professionals (PTIN) to provide finance professionals and their clients with funding via the Bizfi platform through a customized referral process. PTIN members now ...

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Funding Circle hires Jeremy Bennett as global CFO

Funding Circle hires Jeremy Bennett as global CFO

  Small business loan platform Funding Circle has hired Jeremy Bennett as its global chief financial officer. Mr. Bennett has more than 30 years experience at financial services firms including Credit Suisse and Nomura International. During the financial crisis Mr. ...

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Embroker opens Chicago office

Embroker opens Chicago office

Modern business insurance platform Embroker has opened a Chicago office which joins its San Francisco and Boston locations. It will employ as many as 35 people. Founded in 2015, Embroker aimed to deliver a technology-driven brokerage experience for small and ...

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Metropolitan Equity Partners bets big on Bizfi

Metropolitan Equity Partners bets big on Bizfi

Metropolitan Equity Partners has invested $20 million in small business funding marketplace Bizfi. The funds will be allotted toward product expansion, increased efficiency and marketing. Metropolitan managing partner Paul Lisiak wasn’t phased by recent troubles in the marketplace lending industry. ...

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Crowdsourced financial stress score launched

Crowdsourced financial stress score launched

CreditRiskMonitor introduced an improved business failure score now powered by behavioral data crowdsourced from its Fortune 1000 clientele. The FRISK business failure score relies on current financial statements, stock market volatility, market capitalization and bond agency ratings supplied by subscribers, ...

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