This transaction furthers our corporate mission of providing financing to key, strategic industries while continuing as a leading North American provider of working capital to the SME market.
MIAMI (PRWEB) July 01, 2020
eCapital Corp.(“eCapital”) (formerly Global Merchant Fund Corp.), through one of its subsidiaries, has acquired 100% of the ownership equity of Prosperity Funding Inc. (“Prosperity”), a Fort Lauderdale-based factoring company. Founded in 2007, Prosperity has focused on providing accounts receivable financing and working capital solutions to small and medium-sized companies throughout the United States. Though Prosperity finances clients across numerous industries, it has a focused specialty within the Staffing industry.
Marius Silvasan, CEO of eCapital, said: “We are excited to finalize the acquisition of Prosperity and deepen our product offerings and exposure to the Staffing industry. This transaction furthers our corporate mission of providing financing to key, strategic industries while continuing as a leading North American provider of working capital to the SME market.”
About eCapital Corp.
eCapital Corp. is committed to supporting small and middle-market companies in the Unites States and Canada by accelerating their access to capital through asset-based lending, factoring and supply chain financing. In addition to eCapital Corp.’s direct lending activities, its portfolio companies — Gerber Finance, Inc., Paragon Financial Group and the Commercial Finance and Freight Factoring divisions of eCapital — offer alternative finance solutions across a broad set of industries. Based in Miami, Florida, eCapital Corp. is the trusted leader in flexible, customized funding for consistent business growth. For more information about eCapital, visit eCapital.com.
Source: eCapital Corp., 20807 Biscayne Blvd., Suite 203, Aventura FL 33180