Tagged: cash advance

March 28, 2025 @ 2:03 pm By Omar Faridi  |  

Online cash advance company Cleo AI has agreed to pay $17 million to settle the Federal Trade Commission’s allegations that the company allegedly “deceived” consumers about “how much money they could get and how fast that money could be available.” The complaint, filed in federal… Read More

December 10, 2024 @ 8:57 am By JD Alois  |  

SumUp says it now offers a cash advance product for several European markets, including Germany, France, Ireland, and the Netherlands. The product was first introduced in the UK in 2020. The service allows merchants to tap into funding of up to £20,000. Typically, the funds… Read More

November 2, 2022 @ 8:34 am By Omar Faridi  |  

Amazon (NASDAQ: AMZN) launched a new financing solution, a merchant cash advance, provided by Parafin–a U.S.-based provider of growth capital for sellers. This secure financing option “ties payment on the cash advance to a portion of sellers’ future sales for a fixed capital fee and… Read More

August 22, 2022 @ 10:57 pm By Omar Faridi  |  

If you’re eligible for Deel Advance, then you may be able to access your paycheck early “with no credit checks, interest rates, or applications regardless of your location,” according to an update from Fintech firm Deel. They claim to have heard “countless” stories of people… Read More

March 10, 2022 @ 8:51 pm By Omar Faridi  |  

We recently connected with Mikkel Velin, Co-CEO, YouLend, which works with digital commerce platforms (inc. eBay and Shopify) in order to offer merchants access to fast and reliable funding. During a discussion with CI,  YouLend‘s management noted that the UK government’s Help to Grow scheme… Read More