News
Tuesday, October 13
the long read
Deep dives
Data-led investigations into how the money actually moves.
Erica Gilerman's path from collections attorney to Triton chief legal officer
Gilerman joined Triton Recovery Group in 2021, when it had six employees. Today it has 75, and she describes how underwriting, AI-armed merchants and collections now intersect.
Shelf companies can fake time in business, and automation raises the risk
Heron Data's Jamie Parker says Secretary of State records are no longer enough to verify company age, and explains the extra checks funders can run as underwriting speeds up.
Canadian SMB lenders say fraud rates mirror the U.S., with thinner data
Funders at Xuper Funding and BizFund say fundamentals and fraud checks match U.S. practice, while consortium tools like Lenders API and DataMerch help close the data gap.
Three industry blowups, three lessons: 1 Global, Par Funding, Direct Lending
A look at how outsized deals sank an MCA funder, a $91 million Par Funding advance and a $1 billion hedge fund, and the shared mistakes behind each collapse.
Credibly to open small business loan pools to retail lenders via Figure
Figure's blockchain-based Democratized Prime already hosts HELOC and auto pools; Credibly's SMB loans are next, open to lenders with as little as $10.
Revenue-based financing now spans loans and non-loans, a product survey shows
A sample of providers that collect a percentage of sales, from DoorDash Capital to PayPal Working Capital, shows the label alone does not reveal whether a product is a loan.