eCapital: Acquires Prosperity Funding

eCapital: Acquires Prosperity Funding

  • eCapital Corp. acquired 100% of the ownership equity of Prosperity Funding Inc., a Fort Lauderdale-based factoring company.
  • The amount of the deal wasnot disclosed
  • Then the acquisition made through one of eCapital’s subsidiaries, will enable eCapital to deepen product offerings and exposure to the Staffing industry
  • Founded in 2007, Prosperity has also focused on providing accounts receivable financing and working capital solutions
  • Though Prosperity finances clients across numerous industries, it has a focused specialty within the Staffing industry
  • Led by Marius Silvasan, CEO, eCapital committed to supporting small and middle-market companies in the Unites States and Canada
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

India’s PhonePe Pauses IPO Amid Geopolitical Tensions

PhonePe's IPO delay highlights market uncertainties due to global issues.Highlights: PhonePe has postponed its IPO indefinitely.The decision stems...

Ramp Acquires Billhop to Expand into EU and UK Markets

Ramp aims for broader payment solutions and market reach through acquisition.Highlights: Ramp has acquired Billhop, focusing on expanding...

Chaseitai Launches AI Agents for Call Center Loan Servicing

New AI technology aims to enhance customer service in fintech.Highlights: Chaseitai introduces AI agents for call center support.New...

UK MPs Call for Royal Commission to Strengthen Financial Conduct Regulation

Parliamentarians emphasize the need for improved oversight in the financial sector.Highlights: UK MPs demand a Royal Commission to...