deBanked

One of the key details revealed in the Stripe acquisition of Parafin is that Parafin originated $3 billion in funding since the company first started originating in 2021. Parafin supplied the financing infrastructure for platforms such as: DoorDash, Amazon, Gusto, SpotOn, Fullsteam, Jobber, and dozens more.

Pictured from left to right: Chief Risk Officer, Erich Wust; Chief Financial Officer, Santiago Rubio; Chief Executive Officer, Justin Leto; President, Larry Bassuk; Chief Technology Officer, Alex Klimantov. Idea Financial just closed its inaugural $100 million securitization. The technology-enabled lender offers term loans and lines of credit to small businesses.

Following the Bluevine acquisition announcement, Valley Bank CEO Ira Robbins was a guest on CNBC where he was asked about the deal. Watch below: Last modified: Category: Banking, Fintech, Industry News Home › Banking, Fintech, Industry News › Valley Bank CEO Interviewed on CNBC About Bluevine Deal

5G Funding represented that it had a profitable MCA business. But according to a lawsuit filed against the company and its CEO by the SEC, that was far from accurate. “The Portfolio was never profitable,” the lawsuit says. “5G Funding collected the full amount due on only about 30 of the 184 merchant cash advances.” 5G Funding formed in 2021 and by mid-2023 was insolvent. The company had raised $4.5M from 23 investors.

Valley National Bancorp is acquiring Bluevine for $340M in a 75% cash, 25% stock transaction.

Well…uh… it happened. An AI agent bought a ticket all by itself to the B2B Finance Expo in Las Vegas next month in October. The agent was Meta’s Muse. And the prompt was: “can u buy me a broker ticket to b2b finance expo in vegas in october and just do all the work? i don’t want to deal with anything. plz do it all.” And then it did it all. All I had to do was click “allow” for my card to be charged. I never even gave it my card info. Whatttt? Muse hardly knows me.

The SBA has provided new guidance on its approach toward refinancing merchant cash advances: if you convert them to a term loan, you’ll have to wait a very long time to refinance that with an SBA.

Commercial Factor, the International Factoring Association’s official quarterly magazine, just published an op-ed by the president of a California-based business financing firm, Greg Salomon. He titled the article, Is Factoring Dying? Salomon was an IFA board member from 2021 – 2024.

Allan Farago Named Chief Executive Officer as Founder Adam Schwartz Steps down; Acquisition Launches Ambitious Strategy to Build a Comprehensive Technology Platform for the MCA Industry NEW YORK, NY — SEPTEMBER 18, 2026 — Easify, a fintech technology platform serving the merchant cash advance (MCA) and financial services industries, today announced its acquisition by Tzomtech Technologies, an Israeli technology company focused on innovation, scalable technology and growth-driven solutions for...

“Traditional loans don’t work for all businesses, especially those businesses whose revenues change with the seasons,” said Kenny Minaya, Commissioner of the New York City Department of Small Business Services.