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iBusiness Funding, LLC, a division of Ready Capital Corporation, Enters Definitive Agreement to Acquire Funding Circle USA (FC USA), Inc. and Return Funding Circle’s Newly Acquired SBLC License to the SBA

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FORT LAUDERDALE, Fla., June 24, 2024 /PRNewswire/ — iBusiness Funding LLC (iBusiness), the technology and lending services division of Ready Capital Corporation (NYSE: RC), and Funding Circle Holdings plc are pleased to announce a share purchase agreement, positioning iBusiness Funding, LLC as the new owner of FC USA and its subsidiaries, contingent on the return of its Small Business Lending Company (SBLC) license to the SBA.

Founder and CEO of iBusiness Funding LLC Justin Levy expressed his enthusiasm, saying, “We are thrilled to welcome the exceptional FC USA team to the iBusiness family. FC USA’s mission to be the largest SBA lender for loans under $500,000 aligns with our goal to support underserved borrowers, the only difference is iBusiness achieves this goal through many SBA-approved lenders in our network.” 

Funding Circle CEO Lisa Jacobs said, “We are pleased to have reached an agreement with iBusiness Funding, one of the leading processors of loans to US small businesses. In iBusiness, we have found a partner that shares in our mission, and we look forward to seeing the success of the combined entity.” 

Ready Capital CEO Thomas Capasse said, “We’re excited to acquire FC USA and expect the acquisition to yield meaningful revenue and earnings to the combined company in the years to come.”

iBusiness Funding puts a heavy focus on compliance in small business lending, and is particularly impressed with FC USA’s compliance program. iBusiness Funding was built with a foundation of compliance with SBA rules, as well as BSA, AML, and various other state, federal, and banking regulations.

The combined entity will bring together FC USA ‘s embedded partnerships and automated, tech enabled customer experience with iBusiness’ Lending as a Service (LaaS) and LenderAI product offerings to deliver a best in class partner experience.

Levy further commented on the strategic direction stating:

“Throughout the due diligence process, we were continually impressed with FC USA’s compliance program and their portfolio’s industry-leading low default rates for over a decade, even in COVID-impacted vintages, which was especially noteworthy. FC USA has uniquely uncovered the ability to implement bank-level compliance at speed.

“After getting under the hood and seeing the processes and procedures FC USA has in place, it is no wonder that they were granted an SBLC license, as the robustness of their compliance programs is more in line with a large scale national bank as opposed to a FinTech – on top of their industry-leading low default rates and great customer experience.

“We are thrilled to offer these enhancements to our bank client network. Given that our vision is to revolutionize small business lending by supporting all banks and lenders looking to embrace technology and streamline processes, FC US’s SBLC license is not essential to our business.

“Success to us is when a small business can quickly know with certainty whether they are going to be approved by their bank or lending institution, and if they aren’t approved, having a roadmap to a future approval and lower cost of financing. When getting a business loan is as easy as getting a mortgage, then we know we’ve done our job.”

About iBusiness Funding, LLC

iBusiness Funding is a leading provider of lending solutions for banks and lenders of all sizes with a specialization in SBA lending. The company is dedicated to streamlining the business lending process to allow lenders to efficiently deliver capital to small and medium-sized businesses. iBusiness Funding has processed over $7 billion in SBA loans to date, and the team processes over 1,000 business loan applications through its platform daily.

About Ready Capital Corporation 

Ready Capital Corporation (NYSE: RC) is a multi-strategy real estate finance company that originates, acquires, finances and services lower-to-middle-market investor and owner occupied commercial real estate loans. The Company specializes in loans backed by commercial real estate, including agency multifamily, investor, construction, and bridge as well as U.S. Small Business Administration loans under its Section 7(a) program. Headquartered in New York, New York, the Company employs approximately 350 professionals nationwide.

About Funding Circle

Funding Circle (LSE: FCH) is a lending platform for small business borrowers. Established in the UK in 2010, and now the leading lending platform to SMEs, the Group also has a material and growing presence in the US. Globally, Funding Circle has provided £15bn in loans to c.135,000 businesses. For small business borrowers, Funding Circle provides a leading-edge customer experience, delivered through its technology, machine learning, and data science, coupled with a human touch. Its solutions continue to help customers access the funding they need to succeed. For lending investors, Funding Circle provides access to an alternative asset class in an underserved market and delivers robust and attractive returns.

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SOURCE iBusiness Funding

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Financial Crime Compliance Expert Tracy Angulo Joins Treliant as Managing Director for Financial Crimes and Fraud Solutions

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January 8, 2025

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WASHINGTON, Jan. 8, 2025 /PRNewswire/ — Treliant, an essential consulting partner to the global financial services industry, has named Tracy Angulo as Managing Director with the firm’s Financial Crimes and Fraud Solutions team. Her appointment reflects Treliant’s commitment to helping financial institutions, fintechs, and cryptocurrency businesses prevent money laundering and terrorist financing, establish risk resilience in their programs and preserve operational efficiency.

Tracy has over 20 years’ experience in financial crime compliance, most recently as a Director at Guidehouse Inc. There, she served in critical roles guiding clients in building and enhancing their Bank Secrecy Act/Anti-Money Laundering (BSA/AML) obligations. She has also served as the Acting Global KYC/Customer Onboarding Director for a top cryptocurrency exchange, the Acting Deputy BSA/AML Officer for a U.S. based fintech, and Acting Manager of the financial intelligence unit for a large trust company and broker-dealer. Tracy also was a Principal Attorney Investigator with the Financial Industry Regulatory Authority (FINRA) where she led complex financial crime investigations into AML violations, securities fraud, Ponzi schemes, insider trading, market manipulation, and fraudulent securities offerings.

“Our clients are under relentless pressure to stay ahead of evolving financial crimes, with bad actors continuously targeting financial institutions, fintechs, and digital asset companies,” said John Arvanitis, Senior Managing Director, Financial Crimes and Fraud Solutions. “Tracy’s unmatched expertise—combining frontline experience, advisory insight, and a regulator’s precision—equips our clients to tackle threats head-on and protect their enterprises with confidence.”

“Our industry is at a turning point, with financial crimes growing in scale and sophistication, putting businesses and their reputations at greater risk,” said Tracy. “My focus is on helping our clients build resilient, future-ready programs that not only meet regulatory expectations but also instill trust and confidence in their stakeholders. By leveraging deep industry knowledge and a proactive approach, we can equip organizations to stay ahead of threats and succeed in an increasingly complex landscape.”

About Treliant

Treliant is an essential consulting firm serving banks, fintechs, mortgage originators, and servicers, and other companies providing financial services globally. We are led by practitioners from the industry and the regulatory community who bring deep domain knowledge to help our clients drive business change and address the most pressing compliance, regulatory, and operational challenges.

We provide data-driven, technology-enabled consulting, implementation, staffing, and managed services solutions to the financial crimes, regulatory compliance, risk, credit, and capital markets functions of our clients.

Founded in 2005, Treliant is headquartered in Washington, DC, with offices across the United States, Europe, and Asia. To learn more visit www.treliant.com.

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SOURCE Treliant

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Duda Among the 100 Best Startups and Tech Companies to Work For in the U.S.

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January 8, 2025

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The web building platform for digital agencies, SaaS platforms, and web professionals was recognized by Built In’s 2025 Best Places to Work Awards.

BOULDER, Colo., Jan. 8, 2025 /PRNewswire/ — Built In today announced that Duda, the leading white label website building platform for agencies and web professionals serving small and medium-sized businesses (SMBs), was honored in its 2025 Best Places To Work Awards. Duda earned a place on the following lists:

100 Best U.S. Companies to Work For in 2025100 Best U.S. Midsize Companies to Work For in 2025100 Best Places to Work in Colorado in 2025100 Best Midsize Places to Work in Colorado in 2025

The annual awards program includes companies of all sizes, from startups to those in the enterprise, and honors both remote-first employers as well as companies in large tech markets across the U.S.

“We’re thrilled to be named one of the best places to work in the U.S. by Built In,” says Itai Sadan, co-founder and CEO of Duda. “By promoting company values such as openness, care and growth, and providing employees with opportunities to work on cutting-edge innovation, including AI for digital web presence generation, we cultivate a strong work culture and environment where employees feel constantly challenged, inspired, and able to grow their careers.”

Built In determines the winners of Best Places to Work based on an algorithm, using company data about compensation and benefits. To reflect the benefits candidates are searching for more frequently on Built In, the program also weighs criteria like remote and flexible work opportunities, programs for DEI and other people-first cultural offerings. 

As a global company with teams in the U.S., Israel, Canada, UK, Brazil, and the Philippines, Duda strives to provide an encouraging, collaborative, and fulfilling culture for all team members. Employees thrive in a hybrid environment that combines remote and on-site work and promotes connection, teamwork, and personal growth. “At Duda, our team members are empowered to make a meaningful impact by working closely with customers, solving complex challenges, and driving innovation. This meaningful work, coupled with our commitment to career development, enables our people to excel while maintaining a healthy work-life balance and overall wellbeing,” says Steven Carroll, VP of People & Talent at Duda.

“Being recognized as a Best Place to Work is a testament to these companies’ commitment to building a workplace where individuals and innovation thrive,” says Built In CEO and Founder, Maria Christopoulos Katris. “At Built In, we understand that great companies are powered by great teams, and this achievement showcases their dedication to fostering a culture of growth, inclusivity, and excellence. Congratulations on this well-deserved honor.”

About Duda   
Duda is a leading white label web building platform for digital agencies, SaaS platforms, and web professionals offering web design services to SMBs. From its industry-leading AI Assistant to advanced API-driven automation workflows, Duda offers web professionals a comprehensive suite of tools to build pixel-perfect, feature-rich websites efficiently and at scale–all on a flexible platform that can be fully customized to match their go-to-market strategy and ideal customer experience. As the top platform for Core Web Vitals, a critical metric for SEO performance, Duda makes it easy for web professionals to deliver a superior digital presence and outstanding performance to their customers under their own brand. More than 20,000 organizations have trusted Duda to build 1 million active websites. For more information, visit www.duda.co.

About Built In   
Built In is the “always on” recruiting platform that reaches the tech professionals that other leading recruiting platforms don’t. Designed to help companies hire expert tech talent, Built In continuously drives brand awareness with content. Monthly, millions of the industry’s most in-demand global tech professionals visit our site to stay ahead of tech trends and news, learn skills to accelerate their careers, find the right job opportunities and get hired. Thousands of companies, from fast-growing startups to the largest enterprises rely on Built In. By putting their stories in front of our uniquely engaged audience, we help them hire otherwise hard-to-reach technical and expert talent. www.builtin.com

About Built In’s Best Places to Work   
Built In’s annual Best Places to Work program honors companies with the best total rewards packages across the U.S. and in the following tech hubs: Atlanta, Austin, Boston, Chicago, Colorado, Dallas, Houston, Los Angeles, Miami, New York, San Diego, San Francisco, Seattle and Washington DC. Best Places to Work is distinct because its algorithm selects tech companies that build their offerings specifically around what tech professionals value in a workplace. https://employers.builtin.com/best-places-to-work

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AIMA Unveils Game-Changing 2025 eBike Lineup at CES: Better Performance, More Freedom

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January 8, 2025

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LAS VEGAS, Jan. 8, 2025 /PRNewswire/ — AIMA Technology Group (https://www.aimatech.com/), a global leader in sustainable mobility, is proud to unveil its groundbreaking 2025 eBike lineup at CES 2025. This launch represents a pivotal step in the evolution of sustainable transportation, with a collection designed to redefine performance, style, and freedom for riders worldwide.

AIMA’s New Brand Proposition: “Better Performance, More Freedom”

AIMA’s 2025 strategy is defined by its new brand proposition: “Better Performance, More Freedom.” This philosophy underscores the company’s commitment to delivering innovative products, empowering riders, and fostering stronger dealer partnerships.

Better Performance: Engineered for advanced functionality, exceptional durability, and effortless usability, AIMA’s eBikes ensure every ride exceeds expectations.More Freedom: Riders enjoy seamless exploration and sustainable living, while dealers benefit from unparalleled growth opportunities.

AIMA’s Vision for 2025

AIMA’s 2025 roadmap focuses on four strategic pillars to elevate the eMobility experience:

Continuing dealer-focusing strategy and expanding the Dealer Network: Partnering with independent bike shops to bring premium eBikes closer to communities.Strengthening Product Competitiveness: Leading the sub $2,000 eBike category with innovative, affordable offerings.Enhancing Customer Engagement: Creating interactive experiences such as demo rides and Ebike educational material.Unveiling New Models: Launching diverse eBikes for urban commuters and off-road adventurers alike.

The Lexus of eBikes 

AIMA has earned the title “The Lexus of E-Bikes” for its premium design and unmatched performance. Clint Hough of Trick Ebikes in California praises AIMA’s seamless blend of manufacturing expertise, stringent quality control, and forward-thinking innovation.

2025 Product Highlights

AIMA’s 2025 lineup introduces eight new models and three upgraded designs, each tailored to meet diverse rider needs:

Key West: Sleek and ergonomic, perfect for city commuters.Venice: A Rizoma collaboration featuring futuristic aesthetics and practicality.Manhattan: A folding eBike designed for seamless urban mobility.Rocky: A rugged eMTB for outdoor enthusiasts.Also a new key model to be unveiled on January 8 at the CES: Built with unmatched durability and power, this all-terrain eBike lives up to the slogan “Built Like a Tank.”

Angela Zheng, CEO of AIMA E-Bike, shared, “Our 2025 eBike lineup blends performance, functionality, and commuter elegance. These eBikes are designed for everyone—from urban commuters to weekend adventurers—highlighting our commitment to innovation, quality, and sustainability. Collaborations with pioneers like Rizoma, Bafang, and Rob Janoff have ensured that every model offers a unique, premium experience.”

Pioneering collaborations:

Rizoma: Known for precision engineering and premium materials, Rizoma brought innovative Italian design concepts to the Venice eBike.Bafang: A leader in e-mobility electrical system, Bafang’s motors power AIMA’s eBikes with unmatched efficiency and reliability.Rob Janoff: The iconic designer behind the Apple logo crafted AIMA’s modern and sleek brand identity, reinforcing its premium image.

Innovative Features

AIMA’s eBikes deliver an unparalleled riding experience with cutting-edge advancements:

Enhanced Battery Technology: Lightweight, long-range batteries provide greater freedom for exploration.High-Performance Motors: Powered by AIMA’s trusted partner, Bafang, these efficient and reliable motors ensure smooth and effortless rides, even on challenging terrains.Safety First: Equipped with hydraulic disc brakes and intelligent torque sensors, AIMA eBikes offer superior control and stability.Ergonomic Design: Rider-centric designs prioritize comfort and accessibility for an exceptional experience.

Shaping the Future of Electric Mobility 

From the rugged versatility of the Rocky to the sleek sophistication of the Manhattan, AIMA’s 2025 eBike lineup reflects a commitment to creating a greener, connected future. Every model empowers riders to explore confidently and sustainably. In 2025, NBDA recognizes AIMA as the “Best IBD Partner” as its dealer-first approach is a game-changer for independent bike shops, fostering trust and expertise in communities.

Visit AIMA at CES 2025 

Join AIMA at Booth 10947 in the North Hall of the Las Vegas Convention Center to experience the 2025 lineup firsthand. Discover why AIMA sets the gold standard in eMobility and paves the way for sustainable transportation.

Special Invitation: January 8 Product Launch Event Don’t miss AIMA’s exclusive product launch event on January 8, 2025, at 11:00 AM. Be among the first to witness the unveiling of our latest groundbreaking eBike model and explore the future of sustainable mobility.

About AIMA E-Bike

AIMA E-Bike leads the industry in sustainable electric mobility, delivering high-quality eBikes tailored to riders seeking style, performance, and reliability. Through continuous innovation and collaboration, AIMA is transforming the way people move, making mobility greener, smarter, and more connected.

View original content to download multimedia:https://www.prnewswire.com/news-releases/aima-unveils-game-changing-2025-ebike-lineup-at-ces-better-performance-more-freedom-302346194.html

SOURCE AIMA EBikes

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