Articles by Press Release
Broker Fair 2024 Surpasses deBanked CONNECT MIAMI 2024 in Registrations
May 19, 2024New York, NY – Broker Fair 2024 in New York City, scheduled for Monday, May 20 at the Metropolitan Pavilion, is gearing up to be a major event. The conference surpassed registrations recorded at the recent deBanked CONNECT MIAMI event this past January, which generated a massive turnout. The Preshow Party tonight from 7-9pm (May 19) is sold out but for info on any possible chance to get in last minute, please email events@debanked.com.
This is the 6th Broker Fair to take place in New York City since 2018. Hundreds of brokers, funders, lenders, vendors, collectors, lead generators, syndicators, bankers, and tech partners will be there. The headline sessions include Peter Ribeiro (working capital & equipment finance brokering), Bob Coleman & Adam Seery (SBA loan brokering), and the New York Legal and Regulatory Update.
Register for The 6th Annual Alternative Finance Bar Association Conference
May 16, 2024
THE ABFA’s Annual Conference is almost here – JUNE 3RD and 4th!
The Agenda includes:
June 2nd: Sunday evening Cocktail Reception from 5:30pm-7:30pm at Gallow Green (NYC’s hidden treasure)
June 3rd: Monday 8:30am-4:30pm: Legal panel discussions, including Litigation in Bankruptcy; Multistate Collections; Updates in Case Law; Regulatory Considerations; Participations in Alternative Finance. Our keynote speaker will be BOB ZADEK, an industry pioneer and an all-things-UCC expert, who will spend an hour with us. You won’t want to miss this! CLE Credits to be earned.
June 3rd Evening Cocktail Reception: Castell Rooftop 5:30pm-7:30pm
June 4th: Legal and Business Panels: Hot Topics in Alternative Finance; Securitization 101; The Reach of ECOA; New York State of Mind, to be followed by a Networking Hour
Both days of the conference include breakfast and lunch. June 3rd is open to attorneys only while June 4th is open to both attorneys and business people.
Tickets are limited and going fast! If you are a member there’s a significant discount so be sure to inquire about membership status with Lindsey Rohan at Lindsey@lrohanlaw.com and fitzgeraldmegan19@gmail.com
You can find more information by clicking this link: AFBA Conference 😊
Maxim Commercial Capital Promotes Fernando Rodriguez to Director – Vendor Sales
May 6, 2024LOS ANGELES, CALIF. (May 5, 2024) – Maxim Commercial Capital (“Maxim”) announced Fernando Rodriguez has been promoted to Director – Vendor Sales. In this role, Rodriguez manages vendor relationships, business origination, and sales for Maxim’s Truck and Equipment Financing divisions. He is responsible for the divisions’ national sales strategy, leads the company’s sales team, manages high volume national vendor accounts, and assesses and onboards new vendors.
“Fernando has made great contributions to Maxim since joining the firm in 2021,” noted Michael Kianmahd, Maxim’s CEO. “He has been instrumental in developing and leading our direct and returning customer sales efforts, handling high touch strategic accounts, and managing truck vendor relationships in California. We are extremely pleased to have Fernando on our executive team.”
Rodriguez brings 25 years of experience in the financial services industry to his new role. Previously, he served as a senior credit manager, sales team manager, mortgage loan officer, and mortgage broker for companies including Secured Funding, Citibank, and Newport Lending Corporation, funding over $40 million in mortgage loans monthly. Prior to joining Maxim, Fernando managed his family’s environmental business in Puerto Rico.
About Maxim Commercial Capital
Maxim Commercial Capital helps small and mid-sized business owners nationwide by providing loans and leases (“financing”) from $10,000 to $3 million secured by trucks, trailers, heavy equipment, and real estate. It funds equipment purchase financings and leases, working capital, and debt consolidations. Maxim’s more creative financing structures leverage equity in real estate and owned heavy equipment to facilitate growth and preserve customers’ cash. As a leading provider of transportation equipment financing, Maxim supports startup and experienced owner-operators and non-CDL small fleet owners by funding loans and leases for class 8 and class 6 trucks, trailers, and reefers. Learn more at www.maximcc.com or by calling 877-776-2946.
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Contact:
Michael Kianmahd, CEO
Maxim Commercial Capital
michael@maximcc.com
(213) 984-2727
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Online SME lender Capify secures $125 million credit facility from Pollen Street Capital
April 29, 2024Leading online SME lender Capify has today secured a $125 million credit facility from Pollen Street Capital (“Pollen Street”), an alternative asset manager dedicated to investing within financial and business services.
The new facility will support the lender’s ambitious future growth plans and provide working capital to thousands of SMEs over the coming years.
Founded initially in the United States in 2002, Capify was one of the world’s first online alternative financing companies for SMEs. It was launched in the UK and Australia in 2008, against the backdrop of the global financial crisis, when many small and medium-sized businesses were struggling to access vital funding from banks. Last year it was named the UK Credit Awards SME Lender of the Year (up to £1m).
“We are extremely excited about our future relationship with Pollen Street, a capital provider with a proven track record of partnering with impactful and innovative businesses. This deal represents another significant milestone for Capify and underlines the strength of our business model in providing fast, flexible and responsible support to SMEs”, said David Goldin, Founder and CEO of Capify.
“We are absolutely delighted to secure this financing deal with Pollen Street” added John Rozenbroek, CFO/COO at Capify. “The credit facility will enable us to continue on our growth trajectory while offering even more attractive and innovative solutions to the growing number of small businesses in need of funding. We are passionate about the vital role SMEs play in the success of any economy . This new multi-year credit facility allows us to provide much-needed access to capital for SMEs to help them manage and prosper, whilst also enabling us to deliver on our own growth plans”.
“With continued investment in our platforms and customer experience, we will streamline our processes and provide even faster decisions to brokers and SMEs,” said Rozenbroek. “These enhancements underline our commitment to leveraging technology to meet the fast-evolving needs of small businesses, ensuring they have quick access to capital and can seize growth opportunities more effectively.”
“We are impressed by Capify’s seasoned management team and their enduring presence in the market. Since its inception in 2008, Capify has been at the forefront of online SME lending in both the UK and Australia, consistently demonstrating its commitment to the sector. Capify successfully addresses the needs of the underserved market segment, resulting from a chronic undersupply of bank financing, and promotes both financial inclusion as well as regional economic growth, aligning closely to Pollen Street Capital’s ESG framework. We are delighted to partner with Capify and support their ongoing growth” added Ethan Saggu, Investment Director at Pollen Street Capital.
About Capify
Capify is an online lender that provides flexible financing solutions to SMEs seeking working capital to sustain or grow their business. Originally started in the US over twenty years ago, the fintech businesses have been serving the SME market in the UK and Australia for over 15 years. In that time, it has provided finance to thousands of businesses, ensuring the vibrant and vital SME community can meet the challenges of today and the opportunities of tomorrow.
For more details about Capify, visit:
http://www.capify.co.uk
http://www.capify.com.au
About Pollen Street Capital
Pollen Street is a purpose led and high performing private capital asset manager. Established in 2013, the firm has built deep capability across the financial and business services sector aligned with mega-trends shaping the future of the industry. Pollen Street manages over £4.2bn AUM across private equity and credit strategies on behalf of investors including leading public and corporate pension funds, insurance companies, sovereign wealth funds, endowments and foundations, asset managers, banks, and family offices from around the world. Pollen Street has a team of over 80 professionals with offices in London and the US.
For more information, visit: www.pollenstreetgroup.com
Media enquiries
Capify
Ash Yazdani
Ash.yazdani@capify.co.uk
Pollen Street Capital
PollenStreetCapital-LON@fgsglobal.com
Levo Funding Appoints Jenny Merris as New CEO
April 22, 2024
April 22 – We are delighted to share the exciting news that the Board of Directors of Levo Funding unanimously voted to appoint Jenny Merris as its new CEO. With an extensive background spanning over 18 years in the legal and financial services/FinTech sector, Jenny is a seasoned executive known for her exceptional expertise and leadership.
Throughout her career, Jenny has demonstrated a remarkable ability to provide strategic counsel to executive management teams, aiding in the formulation and implementation of corporate objectives and policies. Her strategic executive counseling has been invaluable in driving business development initiatives, fostering growth, and effectively managing company-wide risk.
While announcing the promotion, the Board of Directors stated that Jenny’s “leadership, strategic insight, and commitment to our values make [her] qualified for this role. [The] appointment is significant for Levo Funding, and we anticipate growth under [her] guidance.”
Jenny’s proficiency in legal matters has been instrumental in enabling seamless business operations. Her oversight of litigation and meticulous management of legal strategies have safeguarded organizational interests and facilitated swift resolutions. Further, her keen eye for detail and proactive approach to risk mitigation ensures compliance with regulatory frameworks while optimizing operational efficiency. Furthermore, Jenny’s leadership extends beyond legal matters. She has successfully led adjacent departments, implementing best practices across cross-functional teams and at the enterprise level.
As Jenny embarks on this new journey as CEO of Levo Funding, we are confident that her unparalleled expertise, strategic vision, and leadership acumen will propel the company to new heights of success. Please join us in extending heartfelt congratulations to Jenny on this well-deserved appointment.
About Levo Funding
For more information about Levo Funding, please visit levofunding.com. Stay updated on their latest developments and news by following them on Linkedin.
Contact
(619) 908-1372
info@levofunding.com
Capify Announces New Growth Phase with Global Marketing Director Appointment
April 2, 2024Leading online SME lender, Capify, has appointed Ash Yazdani to oversee its marketing and customer experience functions in both the UK and Australia.
Yazdani joins from Stockholm-based Hoist Finance, where he spent four years as Global Head of Marketing, Product and Customer Experience.
Having worked previously for two of the largest global media networks WPP and Dentsu Aegis, Yazdani made the move into financial services with Think Money Group, before joining Hoist.
“To be joining Capify at this stage of its growth journey is a massively exciting opportunity,” said Yazdani.
“This is a hugely ambitious business, with an innovative vision to improve access to SME finance for under-supplied areas of the UK and Australian economy. My experience in reaching new segments, developing propositions that meet their needs, and delivering seamless end-to-end customer experience will help us on our mission to do that”.
Capify was launched in the UK and Australia in 2008, against the backdrop of the global financial crisis, when many small and medium-sized businesses were struggling to access funding from banks. Last year it was named the UK Credit Awards SME Lender of the Year (up to £1m). Founded initially in the United States in 2002, it was one of the world’s first online alternative financing companies for SMEs.
Yazdani’s appointment is the latest in a series of high-profile hires made by the alternative lender. Earlier this year, Mike Morris moved from Funding Circle to lead Capify’s advisor and introducer network in the UK.
John Rozenbroek, COO/CFO at Capify, said: “We’re absolutely delighted to welcome Ash to our growing team. In these volatile trading times, the funding needs of business changes fast. Having someone with Ash’s experience will enable us to ensure that SMEs know about – and understand – our funding options.”
“As we scale, he will also help ensure our customer touch points are efficiently optimised to continue to deliver an excellent customer experience. His appointment underlines our commitment to our UK and Australian SME market and represents a further milestone in Capify’s continued growth.”
About Capify
Capify is an online lender that provides flexible financing solutions to SMEs seeking working capital to sustain or grow their business. Originally started in the US over twenty years ago, the fintech businesses have been serving the SME market in the UK and Australia for over 15 years. In that time, it has provided finance to thousands of businesses, ensuring the vibrant and vital SME community can meet the challenges of today and the opportunities of tomorrow.
For more details about Capify, visit:
http://www.capify.co.uk
http://www.capify.com.au
Media enquiries
Sam Gallagher, Director
LendSaaS Partners with Actum Processing to Pioneer Real-Time Payments in MCA Sector
March 28, 2024In an industry-first initiative, LendSaaS, the premier Merchant Cash Advance (MCA) origination and servicing platform, is thrilled to announce its integrated partnership with Actum Processing, a leader in ACH and real-time payment processing.
Innovative Integration for Instant Merchant Funding
LendSaaS has integrated Actum’s cutting-edge RTP technology, positioning itself as the first platform in the MCA space to offer instant funding solutions to lenders. This transformative feature enables MCA lenders on the LendSaaS platform to instantly transfer funds to their merchants 24/7/365, streamlining the funding process and significantly reducing the transaction costs associated with traditional wire transfers.
Revolutionizing MCA Funding
With the integration of Actum’s RTP capabilities, LendSaaS is setting a new standard in the MCA industry. Lenders can now enjoy the dual benefits of immediate fund disbursement and cost savings, providing their merchants with unparalleled financial support and operational efficiency.
Commitment to Excellence
Both LendSaaS and Actum are committed to leveraging technology to enhance the lending experience. This partnership reflects their dedication to innovation, security, and customer satisfaction, ensuring that MCA lenders and their clients receive the best service possible.
About LendSaaS
LendSaaS is a leading software solution in the MCA industry, known for its comprehensive suite of tools designed to streamline and optimize the lending process. From origination to servicing, LendSaaS provides lenders with the technology they need to succeed in a competitive market.
About Actum
Actum is at the forefront of payment processing solutions, offering secure and efficient ACH and RTP services. With a focus on innovation and reliability, Actum empowers businesses across various sectors to maximize their payment strategies.
Contact LendSaaS and Actum processing to learn more about this partnership and the benefits of real-time payments in the MCA sector.
LendSaaS / sales@lendsaas.com / (888) 369-5376
Actum Processing / sales@actumprocessing.com / (800) 975-5640
Capify Announces New Appointment to Lead Broker Division
March 7, 2024Leading online SME lender, Capify, has appointed Mike Morris to lead its broker business in the UK.
Mike joins Capify after five years with Funding Circle, most recently as Head of Business Development, where he was responsible for leading the lender’s broker network.
With nearly 20 years experience in the finance industry, including time at Close Brothers retail finance, Mike will focus on the growth and expansion of Capify’s introducer relationships and its marketplace offering.
“I’m hugely excited to join Capify to build out its broker programme and exponentially grow this channel for one of the first online SME lenders in the UK market,” said Mike.
“Capify occupies a vital place in the funding landscape – offering much-needed fast, flexible and responsible solutions for businesses. We’re focused on ensuring that introducers understand our offering and how we can help their clients. Our growth will then be realised by launching new products that go up and down the credit spectrum, providing the best possible service to enable the brokers, and ultimately the clients they represent, to get the funds they need to thrive in the current climate. Our goal is to have an offering for all types of businesses so we can be a one-stop shop for brokers and their clients. I look forward to Capify announcing these new offerings in the near future.”
Capify was launched in the UK in 2008, against the backdrop of the global financial crisis, when many small and medium-sized businesses were struggling to access funding from banks. Last year it was named the UK Credit Awards SME Lender of the Year (up to £1m). The company was founded initially in the United States in 2002 making it one of the world’s first online alternative financing companies for SMEs globally.
John Rozenbroek, COO/CFO at Capify, said: “We’re absolutely delighted to welcome Mike to the Capify team. Brokers play an integral role in helping businesses understand the complex funding landscape and the types of finance that are best suited to their needs. His appointment underlines our commitment to introducers and marks an exciting new stage in Capify’s continued growth.”
ABOUT CAPIFY
Capify is an online lender that provides flexible financing solutions to SMEs seeking working capital to sustain or grow their business. Alongside its sister company, Capify Australia, the fintech businesses have been serving their respective markets for over 15 years. In that time, it has provided finance to thousands of businesses, ensuring the UK’s vibrant and vital SME community can meet the challenges of today and the opportunities of tomorrow.
For more details about Capify, visit: http://www.capify.co.uk
Capify Contact:
Ash Yazdani, Marketing Director
ayazdani@capify.co.uk
Media enquiries
Sam Gallagher, Director
sam.gallagher@1473media.com
