Advantedge Commercial Finance set for further growth following acquisition by eCapital Corp
eCapital Corp (“eCapital”) a leading US alternative finance provider has completed the acquisition of Advantedge Commercial Finance (“Advantedge”).
Advantedge provides invoice finance and cashflow solutions to over 800 UK clients, with funding lines up to £2m, employing 115 staff across five regional offices.
Marius Silvasan, CEO of eCapital Corp, said: “This acquisition marks yet another milestone in the growth trajectory of our company. Advantedge has significant depth and breadth of experience in the factoring sector, specifically servicing small to midsize businesses with alternative lending solutions. As such they are complementary to our business model, and we look forward to integrating their team and bringing our full suite of products to their client base.”
David Tilling, CEO of Advantedge said: “The acquisition by eCapital Corp is a great fit for our company. With the added funding and security that this transaction brings, it will create a tremendous opportunity for the further growth and diversification of the Advantedge brand together with the confidence and surety of a long-term backing.