Tagged: dan demeo

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

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

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