MFS Global Co-founder Launches Own Brokerage

| By:


Money on the beachCo-founder and COO of MFS Global, Robert Abramov launched his own ISO brokerage called Flow Rich Capital and departed from his role at MFS.

The new company based in Las Vegas has already signed on partners like CAN Capital. Abramov wants to keep the business small and minimal, with not more than five lenders. While he will exit from MFS Global’s day-to-day business, he will continue to hold equity and be part-owner in the company.

“He is pretty much transitioned out but he is still an active member of the executive staff,” said Tom Abramov, founder and CEO of MFS Global. “I am sure he is going to knock it out of the park and I hope he sends us deals.”

Tom added that as an older brother, he is happy that his brother is pursuing his dreams. “I know that Robert wanted to do this for long. He wanted to pursue his passion and we are wholeheartedly behind him,” he added.

For Abramov, experience working with merchants coupled with marketing experience gave him the confidence to start his own shop.  “I have fun working with merchants and clients and have been running an ISO shop for five years now,” he added.

Flow Rich is in the process of setting up a team and and building a lender database.

As the industry expands and catches the eye of the big banks, competition will continue to breed. “While competition is on the rise, it will finally weed out the smaller guys tarnishing the image of the industry with little experience,” Abramov said.

Is now a good time as any to enter the business?

Last modified: April 20, 2019

Category: merchant cash advance

Home merchant cash advance › MFS Global Co-founder Launches Own Brokerage


    Percent

    Fenix Capital Funding

    AMA Recovery

    Better Accounting Solutions

    Dedicated Financial GBC

    CapFront

    Meged Funding Group

    Queen Funding

    Bitty Advance

    Torro

    South End Capital

    Yardline

    Proventure Capital

    Spartan Capital

    Avanza Capital

    United Fund USA

    ROK Financial

    Liquidibee

    Lending Valley

    Pearl Capital

    CAN Capital

    Legend Funding

    Velocity Capital Group

    Idea Financial

    United Business Funding

    Highland Hill Capital

    Balboa Capital