News
Tuesday, October 13
inside the shop
Funder spotlights
How the funders that matter underwrite, price and grow.
Founders First raises $19M fund as most of its deals refinance MCAs
Wells Fargo Foundation and Deutsche Bank Americas Foundation are among the backers of the revenue-based lender's new fund, where 61% of funded deals paid off merchant cash advances.
Parafin's $3B in originations would make Stripe unit a top SMB lender
The Stripe deal revealed Parafin's lifetime volume since 2021. Combined with Stripe Capital, the business would trail only a handful of larger online small business lenders.
QuickBooks Capital loan volume jumps 54% to $1.9B in Intuit's fiscal Q4
Intuit's CFO says working capital loans drove capital revenue, though growth slowed as the company sold a larger share of loans through forward flow partners at lower yield.
Channel promotes Cory Krogen to Head of Sales
Krogen, the equipment finance and working capital lender's fourth hire in 2010, will oversee sales across both product lines, partner retention and new business.
Dedicated Financial GBC names Amy Pona general counsel
Pona joins the collections company after 14 years at Gurstel Law Firm, where she directed commercial litigation and later strategic growth and marketing.
Specialty Capital leads small business funders on the 2026 Inc. 5000
Thirty finance-sector names made this year's list, led by Specialty Capital at No. 165 with 1,974% growth, then Parafin at No. 357 and FundCanna at No. 434.
Shopify Capital originated $1.4B in Q2 and drove more of the quarter
Shopify's CFO said Capital contributed more this quarter while payments and credit loss rates stayed normal; the company also swapped its Canadian MCA for a loan product.
Dorsey says Square Loans cohorts have lost under 4% through every cycle
Block's Q2 shareholder letter highlights credit performance at Square Loans, the online small business lender that has led originations on the back of its POS base.
Shopify Capital moves Canadian MCAs to loans after 2025 rule change
Shopify says amended Canadian regulations prompted the April 2026 switch to loans accounted for under ASC 310, in a quarter when Capital made $1.4B in loans and MCAs.
