World Business Lenders Acquires Uber Capital, Adds Another BranchOctober 2, 2015 | By: Sean Murray
Zachary Ramirez, a Branch Manager for NY-based World Business Lenders (WBL) confirmed the company had set up two new branches.
South Miami-based Uber Capital was acquired and will become a WBL branch. “The founders of Uber Capital, Jessica Fonseca, Tim Fenimore and Tristan Olmedo-Tigertail have joined WBL as Co-Branch Managers,” wrote Ramirez. The company was organized only 8 months ago.
Additionally, WBL has formed a new in-house branch at their 120 W. 45th Street office in Manhattan. “Michael John and his team have joined WBL to establish a new branch designated as the Midtown Branch located at our headquarters location,” Ramirez wrote.
The lender has made scores of small acquisitions this year, particularly merchant cash advance ISOs. As one of the few players in the industry to operate under a multi-branch model, they have no intention of slowing down. “We plan on acquiring many, many more branches in the coming months,” Ramirez posted.Last modified: October 2, 2015
Sean Murray is the founder of deBanked, a 10-year veteran of the merchant cash advance industry, a casual Lending Club and Prosper investor, the co-founder of Daily Funder, an alternative lending speaker, consultant, writer, and enthusiast. Connect with me on LinkedIn or follow me on twitter.