Tagged: can capital

CAN Capital Has New CEO, Hires Edward Siciliano to Lead Online Lender

CAN Capital, an online lender providing financing to SMEs, has a new Chief Executive Officer. Announced in a release yesterday, the Atlanta based Fintech has appointed Edward J. Siciliano as CEO. According to CAN Capital, Siciliano most recently worked at Marlin Business Finance serving in various roles including; Chief Operating Officer, Interim Chief… Read More

CAN Capital Announces New Facility of Up to $287Million to Enhance Capital Capacity With Alternative Asset Manager Varadero Capital

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CAN Capital, an online lender in the SME lending space, announced on Wednesday it has agreed to a financing transaction of up to $287 million to enhance its capital capacity with Varadero Capital, L.P., a New York-based alternative asset manager. This news comes just a couple… Read More

CAN Capital Welcomes Tom Davidson as New CFO

CAN Capital, a tech-driven small business specialty finance company, has hired Tom Davidson as its new Chief Financial Officer. Davidson brings 25 years of financial services experience to the company, including deep expertise in capital markets, securitization, treasury, investor relations and risk management. “I couldn’t be more… Read More

CAN Capital is Back in Business as it Receives Funding from Varadero Capital

CAN Capital, an online lender in the SME lending space, is back in business following a recapitalization by Varadero Capital, an alternative asset manager in New York City and currently manages about $1.3 billion. DLA Piper served as legal counsel for the financing and Jefferies acted… Read More

CAN Capital Removes CEO Dan Demeo

Online lender CAN Capital has removed CEO Dan Demeo and promoted Parris Sanz in his place. Bloomberg reported that Demeo and two other executives were on a “leave of absence” sending shudders across the entire online lending industry.  Demeo, who joined the company in 2010 as… Read More

OnDeck, Kabbage & CAN Capital Launch Loan Comparison Tool Smart Box

OnDeck (NYSE:ONDK), CAN Capital and Kabbage, have joined together to launch a loan comparison tool to help small businesses better compare finance options. As part of their participation in the Innovative Lending Platform Association (ILPA), the three online lenders have created “Straightforward Metrics Around Rate… Read More

Q&A: Kabbage CEO & Co-Founder Rob Frohwein, Originating $2B Loans & Growing

Before founding Kabbage, Rob Frohwein established, led and advised a number of successful businesses, including LAVA Group, U.S. Micro Corporation and Surgical Biologics. Additionally, he served in business development and legal capacities for ZapMedia and Security First Network Bank. The Villanova law and undergrad alum… Read More

Congressional Committee Reviews Marketplace Lending

  Do Online Lenders Benefit from Regulatory Arbitrage? Yesterday (July 12), the subcommittee on Financial Institutions and Consumer Credit (part of the House Financial Services Committee) hosted an educational hearing on Fintech and Marketplace Lending. The meeting saw the participation of several industry executives including… Read More

House Financial Services Committee Schedules Hearing on Marketplace Lending

The House Financial Services Committee, Subcommittee on Financial Institutions and Consumer Credit, has scheduled a hearing on the marketplace lending sector of online lending.  Entitled, Examing the Opportunities and Challenges with Financial Technology (Fintech): The Development of Online Marketplace Lending,” the meeting will take place… Read More

OnDeck, Kabbage & CAN Capital Charter Members of Innovative Lending Platform Association

Online small business lending platforms OnDeck (NYSE: ONDK), Kabbage and CAN Capital – today announced the formation of the “Innovative Lending Platform Association,” which will focus on advancing small business online lending education, advocacy, and best practices.  Together the three founding companies have provided access to… Read More

CAN Capital Forms Exclusive Agreement with Entrepreneur to Provide SME Loans

CAN Capital, an online lending platform, and Entrepreneur Media, publishers of the magazine of the same name, have signed an exclusive agreement where CAN will provide small business owners access to lending on the Entrepreneur site. Labeled “Entrepreneur Lending powered by CAN Capital,” the new… Read More

Brief: CAN Capital Hits $6 Billion Milestone

CAN Capital, a market share leader in alternative small business finance, announced on Thursday that it has reached the milestone of providing small businesses with access to more than $6 billion.  CAN Capital revealed that it has helped facilitate over 170,000 small business. In the past five… Read More

iPayment Forms Partnership With CAN Capital to Help Small Businesses to Access Working Capital

CAN Capital, Inc., a market share leader in alternative small business finance, and iPayment, Inc., a provider of payment solutions and processing services, announced on Monday a partnership to provide over 150,000 small businesses currently working with iPayment the ability to apply for access to flexible… Read More

Bizfi Originated Over $127M in Financing During 2015’s Third Quarter

Bizfi, the premier fintech company with a platform that combines aggregation, funding and a participation marketplace for small businesses announced that it originated more than $127 million in business financing in the third quarter of 2015. This represents a double-digit percent increase in originations compared… Read More

Bizfi Launches API & White Label Solutions to Increase Small Business’ Access to Capital at Finovate New York

Bizfi, a fintech company that combines aggregation, funding and a participation marketplace on one platform for small businesses, announced it has launched both an API (application protocol interface) and a white label solution which will enable partner companies to offer direct lending solutions to their… Read More

Q&A: Stephen Sheinbaum, Founder Of Merchant Cash and Capital, Talks Bizfi And The Future of Banks (Hint: There Is One)

As the founder of Merchant Cash and Capital (MCC), a small business alternative lending company that has also worked with companies from UPS to Pita Pit, Stephen Sheinbaum oversees a company that is using leading technology to change the way small businesses get capital. Prior… Read More

CAN Capital Has Provided Small Business Over $5 Billion of Working Capital

While peer to peer lending captures much of the headlines regarding new forms of debt finance, there remains a group of alternative lenders that have been around for quite some time but with relatively less fanfare. CAN Capital is one of these small business lenders… Read More

CAN Capital Secures $650 Million Funding from a Dozen Leading Banks, Including Wells Fargo, Morgan Stanley, UBS, Barclays & Fifth Third

CAN Capital, a player in alternative small business finance, announced today that it secured a $650 million credit facility from a dozen leading lenders. Led by Wells Fargo Capital Finance, the transaction includes new commitments from Morgan Stanley, Barclays, UBS, J.P. Morgan, SunTrust Bank and First… Read More

CAN Capital Names David Dart as CTO

CAN Capital, a leading player in alternative small business finance, has named David Dart to the position of Chief Technology Officer. Dart will oversee the company’s continued development of technology focused on providing small businesses with fast, efficient access to capital.  He will be based in Kennesaw, Georgia and… Read More

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