Sean Murray

New York

Chief Editor and Publisher at deBanked

deBanked® | Originator of: Why Jack Dorsey is Probably Satoshi Nakamoto: https://t.co/1r3x9z1ICR

Articles

Texas Governor Signs Sales-Based Financing ACH Prohibition Into Law

6 days ago | debanked.com | Sean Murray

Texas Governor Greg Abbott has signed HB 700 which prohibits a sales-based financing provider from automatically debiting any merchant in the state unless they are in a perfected 1st position. And not just a 1st position MCA, a 1st position above anything else at all. It doesn’t matter if the funder doing the debiting is located out of state, only that the merchant be located in Texas.
P2P Lending / Former ‘LendAcademy Forum’ Has Moved Again

1 week ago | debanked.com | Sean Murray

deBanked has migrated the old LendAcademy p2p lending forum it acquired in 2021 to DailyFunder. Due to software compatibility issues, it was frequently offline on deBanked’s servers. It has now been moved to DailyFunder whose software was able to integrate the content somewhat successfully. The LendAcademy forum, launched in 2011, was the most popular p2p lending forum in the US. An unfortunate incident, however, caused the data to be permanently lost in 2021.
Cloudsquare Launches the New and Most Powerful Integration With Loot

1 week ago | debanked.com | Sean Murray

Los Angeles, CA – June 17, 2025 – Cloudsquare, a leader in Salesforce MCA and Salesforce lending solutions, has announced the release of its newest Lender API module—this time with Loot, a fast-growing alternative funder known for speed and automation. This API-powered connection is now available within , the most robust Merchant Cash Advance CRM built on Salesforce.
FundKite, Aquamark Partner on Watermarking Submission Docs

1 week ago | debanked.com | Sean Murray

As more brokers rush to watermark submission documents to minimize the likelihood that their deals will be backdoored, FundKite is codifying the trend into policy by partnering with Aquamark. Aquamark, as readers may recall, was recently spotlighted on deBanked for its defensive watermarking technology that enables brokers to stamp documents in a tamper-resistant manner as having originated from them.
CFPB Small Business Lending Rule Compliance Delayed a Year

1 week ago | debanked.com | Sean Murray

The CFPB has officially hit the pause button on complying with the small business lending data collection rules. They were supposed to go into effect next month. The Agency, however, announced in April that it planned to rewrite all of the rules and would not enforce them in the interim. Alas, covered parties wondered if they were still required to comply regardless of the whims on enforcement. Consequently, a new deadline for compliance was set for July 1, 2026.
Lightspeed: Potential to do up to $1B in Merchant Cash Advances

1 week ago | debanked.com | Sean Murray

Lightspeed may have only done $45 million in MCAs in FY 2025 but the point-of-sale company is continuing to grow that particular lucrative segment of its business conservatively, and possibly far below its full potential. “There is a lot of opportunity. We can move faster if we wanted to,” said Lightspeed CFO Asha Bakshani during the company’s most recent earnings call. “When we look at our peers, for example, they are giving out 1% of their [Gross Transaction Volume] in merchant cash advance.
The Battle Against MCA in Texas

2 weeks ago | debanked.com | David Roitblat |Sean Murray

David Roitblat is the founder and CEO of Better Accounting Solutions, an accounting firm based in New York City, and a leading authority in specialized accounting for merchant cash advance companies.To connect with David or schedule a call about working with Better Accounting Solutions, email [email protected]. Texas, a state associated with limited government intervention and freedom of business to operate and succeed in a capitalist society, stands at a crossroads.
Take This Industry Fraud Evaluation Survey

2 weeks ago | debanked.com | Sean Murray

Fraud is a growing challenge in the alternative lending space, particularly for lenders and funders that serve small businesses. As fraud tactics evolve – from synthetic identities and doctored bank statements to first-party fraud and account takeovers – funders and lenders face heightened risks that can lead to increased defaults, operational losses, and stricter underwriting processes.
NMEF Announces Strategic Joint Venture With Oaktree to Accelerate Growth in FMV Leasing Platform

2 weeks ago | debanked.com | Sean Murray

JUNE 10, 2025, NORWALK, CT – North Mill Equipment Finance, LLC (“NMEF” or “North Mill”), a leading commercial equipment lessor located in Norwalk, Connecticut, today announced a new partnership with funds managed by Oaktree Capital Management, L.P. (“Oaktree”), a global investment firm with deep expertise in credit and asset-backed finance.
QuickBooks Capital Continues to Grow

2 weeks ago | debanked.com | Sean Murray

Intuit’s small business loan program, QuickBooks Capital, is continuing to grow. It generated $35M more revenue in FY Q3 2025 than it did over the same period last year, according to the company’s latest earnings report. Considering Intuit’s total quarterly revenue was $7.8B, its funding business, a small percentage of the total in comparison, is only mentioned in detailed on occasion.