ECapital
| Company type | Private |
|---|---|
| Industry | Financial services |
| Founded | 2006 |
| Founder | Steve McDonald |
| Headquarters | Miami , United States |
Area served | Canada, United Kingdom, United States |
Key people | Marius Silvasan (CEO), Steve McDonald (Founder and President), Tony Howard (CCO), Tracy Groves (CMO), Mark Wilson (CTO), Peter Dahill (CFO), Tim Peters (President and Head of Asset-Based Lending Group), David Tilling (CEO and Head of UK Group) |
| Products | Asset-based lending, freight factoring, invoice factoring, healthcare receivables financing, payroll funding, commercial factoring, VISA Commercial Cards, Fuel Discount Cards |
eCapital, established in 2006 and headquartered in Miami, Florida, is a financial services provider with operations spanning Canada, the United Kingdom, and the United States. The firm focuses on asset-based lending, freight factoring, invoice factoring, healthcare receivables financing, and payroll funding solutions.
The current chief executive officer is Marius Silvasan.
History
Originally launched as Global Merchant Fund Corp. in 2006 by Steve McDonald, eCapital began by purchasing underperforming loans from the Federal Deposit Insurance Corporation (FDIC) and various financial institutions.
In 2017, the company broadened its reach by acquiring Gerber Finance, which serves importers, distributors, manufacturers, and service providers. The next year brought the acquisition of Paragon Financial Group, a specialist in accounts receivable financing, credit protection, non-recourse invoice factoring, purchase order financing, and vendor guarantees.
In 2019, Global Merchant Fund Corporation took over Accutrac Capital, a freight factoring firm within the transportation industry. This acquisition also included eCapital, a U.S.-based transportation factoring company.
The year 2020 marked a rebranding of Global Merchant Fund Corp. to eCapital and the integration of its acquired entities. During this period, it also acquired Advantedge Commercial Finance (a UK specialty lender), Bibby Financial Services, REV Financial Group (located in Los Angeles), and Prosperity Funding (based in Fort Lauderdale).
In November 2021, eCapital expanded further by purchasing Flexible Funding, a payroll funding company serving the staffing sector, along with its subsidiary InstaPay, which offers freight factoring services.
Expansion continued into 2022 with the acquisition of UMB Bank’s accounts receivable financing division and CNH Finance, active in healthcare financing. These moves facilitated the creation of eCapital’s Healthcare division focused exclusively on healthcare clients.
Now operating across more than 80 industries—including Transportation, Healthcare, Staffing, and Consumer Goods—eCapital has assimilated twelve companies into its organizational framework through deliberate acquisition strategies.
Industry applications
eCapital delivers financial services primarily to small and medium-sized enterprises in North America and the UK. Its portfolio includes eCapital Connect—a platform designed to streamline financial transaction management—as well as Invoice Factoring and Freight Factoring tailored for transportation firms. Additional services encompass commercial factoring, asset-based lending, healthcare receivables financing, and Payroll Funding aimed at staffing organizations. Clients also benefit from access to VISA Commercial Cards and Fuel Discount Cards via mobile applications available on iOS and Android devices. Moreover, eCapital provides capital for high-growth businesses, buyouts, mergers and acquisitions, extended payment terms, restructuring efforts, turnaround projects, debtor-in-possession (DIP) financing, seasonal cash flow needs, and startups.
Management
- Marius Silvasan – CEO; previously CEO/director of ONE Bio Corp and founder of Tele Plus World Corp.
- Steve McDonald – Founder and President.
- Tony Howard – Chief Credit and Portfolio Officer (CCO).
- Tracy Groves – Chief Marketing Officer (CMO).
- Mark Wilson – Chief Technology Officer (CTO).
- Peter Dahill – Chief Financial Officer (CFO).
- Tim Peters – President and Head of Asset-Based Lending Group.
- David Tilling – CEO and Head of UK Group.
Affiliations and other engagements
eCapital maintains connections with prominent industry groups such as the Secured Finance Network, International Factoring Association, and Blockchain in Trucking Alliance (BiTA). Additionally, the company endorses several organizations including the American Staffing Association, Staffing Industry Analysts, Owner-Operator Independent Drivers Association (OOIDA), Women in Trucking Association, as well as the Colorado and Arkansas Trucking Associations. It is also involved with the Orillia Chamber of Commerce, Turnaround Management Association, and Association for Corporate Growth.
Awards
- 2024 Inc. 5000 List of Fastest Growing Companies
- 2023 Inc. 5000 List of Fastest Growing Companies
- 2023 ABF Award for Most Innovative Companies
- 2022 Best in Biz Award – Executive of the Year awarded to Marius Silvasan
- 2022 Inc. Power Partner Awards
- 2022 ABF Award for Most Innovative Companies
Industry evaluations
A 2014 assessment published on The Truckers Report pointed out several criticisms including challenges with contract termination, difficulties in escrow fund retrieval, slow UCC release processes, complicated and frequently changing online contracts, assertive sales approaches, inadequate customer service, communication issues, payment delays, and unauthorized factoring activities.
In contrast, a 2022 Benzinga review commended eCapital for its straightforward qualification process and rapid credit approvals. The review recommended eCapital particularly for businesses seeking quick liquidity, experiencing growth phases, recovering from financial setbacks, engaging in acquisitions, or favoring asset-based financing solutions.
Products and services
- Freight factoring, invoice factoring, healthcare receivables financing, asset-based lending, payroll funding.