Category: Cash advance

European FinTech iwoca Introduces Cash Advance Product on Funding Xchange to Small Business Online Sellers

iwoca, one of the largest small business lenders in Europe, launched its ‘industry first’ cash advance product on Xchange financing for small online sellers. iwoca is reportedly the first UK lender – leveraging Open Banking – to provide fully automated, income-based repayments to digital commerce businesses that maintain a professional bank account in the market. […]

iwoca and Funding Xchange Launch Automated Cash Advances to Merchants

iwoca and Funding Xchange Launch Automated Cash Advances to Merchants By Joy Dumasia iwoca, one of Europe’s largest small business lenders, has launched its first cash advance product on Funding Xchange for small business online sellers. iwoca will be the first UK lender to use Open Banking to offer fully automated, income-based repayments to e-commerce […]

The worst place to settle merchant cash advance disputes is out of state, so fix your contracts already!

Our previous article discussed the predictability of usury-related litigation involving Merchant Cash Advance Agreements (MCAs) with choice clauses from New York law to New York, even though we thought things would turn out to be. (a little) crazier. But New York is not the only forum in which MCA customers (called “merchants”) claim usury rights. […]

Back To Top