Haversine Funding, a provider of alternative financing solutions, hired Cheryl Mayo to serve as director and portfolio manager for factoring and asset-based lending clients.

“We are super excited to welcome Cheryl Mayo to our growing team to help support our clients’ evolving needs. She is highly experienced in factoring and asset-based lending and will be a tremendous resource for our lending clients,” Gen Merritt-Parikh, president of Haversine Funding, said.

In her role as director and portfolio manager, Mayo will be responsible for overseeing account management, operational compliance and ongoing relationships with factoring and asset-based lending clients. She has more than 25 years of factoring and asset-based lending experience. Prior to joining Haversine, Mayo was a senior account executive with Allied Affiliated Funding, a division of Axiom Bank, and the operations manager for USA Funding, the factoring division of Fidelity Funding Financial Group. She was one of the first in the factoring community to receive the Certified Account Executive in Factoring (CAEF) certification from the International Factoring Association.