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  1. #1
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    Shopify

    https://debanked.com/2018/05/shopify...dvances-in-q1/

    how much market share are all these companies taking? square, paypal, shopify, amex, along with a slew of personal loans fr marcus (goldman sachs), lending club, lendingpoint, etc etc. and will we begin to see funders open up their product lines to existing customers offering leasing, cc processing, etc in the near future?

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    Quote Originally Posted by fundingsmbs View Post
    https://debanked.com/2018/05/shopify...dvances-in-q1/

    how much market share are all these companies taking? square, paypal, shopify, amex, along with a slew of personal loans fr marcus (goldman sachs), lending club, lendingpoint, etc etc. and will we begin to see funders open up their product lines to existing customers offering leasing, cc processing, etc in the near future?
    Very good point.

    There's an even more interesting stat that Sean missed in their earnings release. Any guesses?

  3. #3
    Quote Originally Posted by Nunya View Post
    Very good point.

    There's an even more interesting stat that Sean missed in their earnings release. Any guesses?
    They only provisioned for 2.5% of their $60 million in fundings. That's a solid book. Anyone know what their rates look like?

  4. #4
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    Bingo. 2.5%.

  5. #5
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    I rarly make a prediction on here but ill take a shot..I would not be surprised if SHOPIFY acquires a large MCA company......... With a 13Billion market cap they can take over a ondeck capital kind of company during an order in lunch board meeting.
    Last edited by mcaguru; 05-03-2018 at 03:13 PM.
    Marcus Clapman | Business Development | Cresthill Capital
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  6. #6
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    Quote Originally Posted by mcaguru View Post
    I rarly make a prediction on here but ill take a shot..I would not be surprised if SHOPIFY acquires a large MCA company......... With a 13Billion market cap they can take over a ondeck capital kind of company during an order in lunch board meeting.
    Bold call. Very interesting though.

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    Since when is ONDK an MCA company? Jeezus, Guru.

  8. #8
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    I dont know if they indented from the get-go but MCa now turned into a nice portion of there company and they have the capital structure and with the (possibility of needing an Acquisition) to Support Accelerated Growth they would probably look down that avenue ...Now they would probably look more at the Swift kind of model that their competitor square acquired more then a subprime funder.
    Marcus Clapman | Business Development | Cresthill Capital
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  9. #9
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    Quote Originally Posted by HDF View Post
    Since when is ONDK an MCA company? Jeezus, Guru.

    OK your right but once on subject Here is what the pro's call them...

    https://www.nerdwallet.com/blog/smal...deck-close-up/


    Similarities to MCA companies

    But OnDeck is similar to merchant cash advance companies in two key areas: On its website, it doesn’t disclose term-loan APRs, which are on the upper end at 98% as OnDeck has disclosed in a regulatory filing. Also, borrowers must make automatic daily or weekly payments.

    OnDeck’s daily withdrawals can overwhelm borrowers, says Will Davis, CEO of online lender Able Lending. “It’s just the same as a merchant cash advance, effectively.”

    “They look like a duck,” he says. “They walk like a duck, and they quack like a duck.”
    Marcus Clapman | Business Development | Cresthill Capital
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  10. #10
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    Quote Originally Posted by HDF View Post
    Since when is ONDK an MCA company? Jeezus, Guru.
    I thought they were a technology company. Wait, they are a funder. Wait, they are both. Wait! they are a funder in the same space as everyone else! Are they really worth 1.32Billion at IPO today?

  11. #11
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    Quote Originally Posted by mcaguru View Post
    OK your right but once on subject Here is what the pro's call them...

    https://www.nerdwallet.com/blog/smal...deck-close-up/


    Similarities to MCA companies

    But OnDeck is similar to merchant cash advance companies in two key areas: On its website, it doesn’t disclose term-loan APRs, which are on the upper end at 98% as OnDeck has disclosed in a regulatory filing. Also, borrowers must make automatic daily or weekly payments.

    OnDeck’s daily withdrawals can overwhelm borrowers, says Will Davis, CEO of online lender Able Lending. “It’s just the same as a merchant cash advance, effectively.”

    “They look like a duck,” he says. “They walk like a duck, and they quack like a duck.”
    Sean offers a certificate program for the pros.

  12. #12
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    Quote Originally Posted by fundingsmbs View Post
    I thought they were a technology company. Wait, they are a funder. Wait, they are both. Wait! they are a funder in the same space as everyone else! Are they really worth 1.32Billion at IPO today?
    Today they're at $400mm. Put a little premium on it and someone could gobble them up quickly.

  13. #13

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