New Ventures

Pelagic Capital, BitX Funding Form Strategic Partnership

Transportation finance company Pelagic Capital and BitX Funding pooled resources to expand their offerings for business financing, combining BitX’s online marketplace with Pelagic’s leasing and dealership universe. read more

River Capital Launches New Website, New HaaS Offering

River Capital Finance launched River Capital “Hardware as a Service” (HaaS), a comprehensive enterprise mobility lifecycle management solution designed for business. read more

DLL Launches New Business Unit for Usage-Based Financing

Asset-based financing solutions provider DLL formed a new Global Business Unit, Direct Solutions, to lead the organization’s innovative approach around usage-based consumption products. Steve Riggs will lead the new division. read more

A&M Releases LeaseSCRE Tool to Estimate IBR

Alvarez & Marsal has launched LeaseSCRE (pronounced “lease score”), a web-based tool that uses machine learning to estimate an incremental borrowing rate (IBR) curve. LeaseSCRE provides companies with a streamlined and efficient mechanism to estimate the discount rates necessary to... read more

Wells Fargo Asset Management Unveils Brand Redesign

As part of Wells Fargo’s recent branding campaign and redesign, Wells Fargo Asset Management (WFAM) launched a new brand initiative to provide clients with a more integrated, consistent product and solutions-focused experience. read more

Hitachi Capital UK Expands Vendor Solutions to New Subsidiary

Hitachi Capital UK, through its European Vendor Solutions division, created a subsidiary, Hitachi Capital European Vendor Solutions, in Amsterdam and opened a branch office in Dublin, Ireland. read more

Western Alliance Bank Introduces New Equipment Finance Group

Western Alliance Bank introduced Western Alliance Equipment Finance, a national specialty banking group created to target the $1 trillion equipment financing sector and provide capital equipment financing solutions for companies nationwide. read more

New York Fed Launches Fintech Advisory Group

The Federal Reserve Bank of New York launched its own Fintech Advisory Group to provide bank leaders with a “high-level” platform to establish clear points of contact with senior representatives and thought leaders from the fintech industry and consumer organizations. read more

Chesswood Hires Sheehan to Lead New Equipment Financer Tandem Finance

Chesswood Group expanded its equipment finance footprint in the U.S. with the launch of Tandem Finance, a provider of financing for equipment purchases to small and medium sized businesses of all credit profiles. read more

Utica Launches New Equipment Finance Firm Led by GE Capital Vet

Utica Leaseco formed an affiliate company, Utica Equipment Finance, which will offer equipment-based term loans and leases to companies throughout North America and will be led by co-founder Ed Stolarski as president of the new company. read more

Pitney Bowes Launches Equipment Financing Subsidiary Wheeler Financial

Pitney Bowes Bank launched a new subsidiary, Wheeler Financial, which will be dedicated to helping small to middle market clients acquire the assets they need to grow and expand their business. read more

MUFG Healthcare Banking Expands to Cover U.S. Middle Market

The Healthcare Banking franchise of Mitsubishi UFJ Financial Group (MUFG) has expanded to include a U.S. Middle Market group. read more

CSI EPC Expands to Vancouver

Toronto-based CSI Electronics Processing Centre, a wholly-owned subsidiary of CSI Leasing Canada, has expanded its operations by opening a facility in Vancouver, BC. read more

Santander Launches Specialized Banking Group Led by Vaughan Alexanderson

Santander Bank launched a Specialized Banking Group led by Emily Vaughan Alexanderson to enhance its ability to serve the needs of educational, nonprofit, professional services, and technology and life sciences companies. read more

OnDeck Enters Equipment Financing Market; Hires Key EF Vet to Lead

OnDeck will offer equipment finance loans in 2019. The online small business lender hired Key Equipment Finance veteran Mark Erickson to lead. read more

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Terry Mulreany
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