In the latest news, artists’ financial rights organization HIFI is acquiring royalty payments FinTech The Music Fund (TMF) in a deal aimed at addressing the notion of a starving artist. Specifically, HIFI wants to leverage TMF’s artificial intelligence (AI) that powers a “smart-pricing algorithm” that gives artists and musicians a...
Patreon, known for its platform for content creators to earn money from fans, will be entering the micro-loan business, according to reports. The platform will allow non-equity cash advances for Patreon users who need the extra boost for a more ambitious rollout of some kinds of...
The U.S. Federal Trade Commission (FTC) is eyeing tighter scrutiny of small business lending practices as Commissioner Rohit Chopra calls on the regulator to combat predatory SMB loan contracts, reports in Bloomberg said on Wednesday (May 8). Chopra spoke at an agency forum in Washington,...
The NY AG is looking into how state courts are a weapon against small business owners, who sign documents that allow merchant cash advance firms to do far more than charge exorbitant rates. Through confessions of judgement, these less than scrupulous lenders can drain bank...
August 09, 2023
SumUp has raised a $100 million credit facility to launch a merchant financing solution. The British company’s Cash Advance tool offers advances of up to £20,000, based on merchants’ payment history and repayable via payment acceptance using SumUp’s card readers. According to a release emailed to PYMNTS, SumUp says the launch is happening “at a […]
September 30, 2021
In the latest news, artists’ financial rights organization HIFI is acquiring royalty payments FinTech The Music Fund (TMF) in a deal aimed at addressing the notion of a starving artist. Specifically, HIFI wants to leverage...
February 18, 2020
Patreon, known for its platform for content creators to earn money from fans, will be entering the micro-loan business, according to reports. The platform will allow non-equity cash advances for Patreon...
May 08, 2019
The U.S. Federal Trade Commission (FTC) is eyeing tighter scrutiny of small business lending practices as Commissioner Rohit Chopra calls on the regulator to combat predatory SMB loan contracts, reports...
