May 21, 2024

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eCapital Corp. Expands Functions with Acquisition of Advantedge Professional Finance

3 min read

MIAMI, Dec. 1, 2020 /PRNewswire/ — eCapital Corp. (“eCapital” or “the Enterprise), a major different finance supplier in North America, currently announced it has obtained United kingdom-based mostly specialty lender and factoring enterprise Advantedge Commercial Finance. The acquisition will enable eCapital to carry on building out its total suite of specialty lending options and geographically diversify its e book of enterprise.

Advantedge is a foremost privately-owned invoice financing firm giving dollars movement alternatives to tiny and medium-sized organizations in the British isles. Established in 2001, the Firm at the moment provides funding to United kingdom companies trying to find substitute funding. Considering that November 2016, revenues for Advantedge have developed nearly threefold and EBITDA has elevated by 2.5 situations around that interval. With 5 workplaces positioned in Thames Valley, Newport, The Midlands, Manchester, and Glasgow, Advantedge has shaped the footprint for a national business enterprise that is poised for sizeable further expansion.

Marius Silvasan, CEO of eCapital Corp, commented on present-day information, “This acquisition marks nonetheless yet another milestone in the advancement trajectory of our business. Advantedge has major depth and breadth of experience in the factoring sector, specifically servicing little to midsize companies with alternate lending remedies. As this sort of, they are complementary to our small business product, and we seem forward to integrating their workforce and bringing our whole suite of goods to their client foundation.”

eCapital is a top North American different finance service provider delivering compact and mid-sizing enterprises with the operating money they want for development. The Firm offers a comprehensive suite of products and services which include factoring and asset-primarily based lending, and its large-touch method to shopper service is built to give constant and ongoing shopper assistance as perfectly as transparency and effectiveness via market-foremost automatic technologies. Its leadership staff delivers intensive finance and vertical market place expertise, and its digital system allows purchasers to conveniently access money from any product or spot.&#13

“Advantedge has made a strong status as a main impartial finance company presenting ideal-in-course shopper assistance,” explained David Tilling, CEO of Advantedge. “I am self-assured that signing up for the eCapital spouse and children is the right go for our corporation and our consumers.”

Credit funds managed by Ares Management furnished eCapital Corp. with funding for the Company’s acquisition of Advantedge Business Finance Ltd. and supported the Company’s prior acquisitions of Bibby Financial Products and services (Holdings) Inc. and Prosperity Funding Inc. consummated previously in 2020.

About Advantedge
Established in 2001, Advantedge is a leading specialty financial institution dependent across the United Kingdom giving bill factoring, bill discounting, selective invoice finance and negative financial debt defense. For additional facts about Advantedge, visit https://www.advantedgecf.co.uk/our-options

About eCapital Corp.
eCapital Corp. is fully commited to supporting tiny and center-market place businesses in the United States and Canada by accelerating their accessibility to capital as a result of alternate funding options like bill factoring, factoring strains of credit history and asset-based lending. By its Industrial Finance and Freight Factoring divisions and its portfolio firm, Gerber Finance, Inc., eCapital presents option finance options to a wide set of industries. Primarily based in Miami, Florida, eCapital is an revolutionary leader in giving versatile, custom made funding to companies. For much more data about eCapital, take a look at eCapital.com.

Media Contacts&#13

Laura Stadler, eCapital Corp.
619.346.1170 [email protected]  

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