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