nFusion Capital released its 2022 year-end results, which included building 156 new client relationships, purchasing $488 million in receivables and offering 193 lines of credit totaling more than $83 million. In addition, the team built a 24/7/365 funding program to make funding available anytime, including on federal holidays.
“That was a game changer for our clients,” Jason Lippman, CEO of nFusion Capital, said. “Clients are no longer limited to accessing funding during traditional business hours. In fact, now over 15% of daily fundings are completed before typical office hours begin. I’m also very proud of our team, who took our ‘yes we can’ mantra to heart, aggressively working on behalf of our clients to ensure their success. As a result, 2022 was a significant growth year for processes, teams, and tools.”
In addition, the firm opened a new office in Phoenix to expand its geographic reach. Given the company’s growth, new hires were made over the year, including a new head of underwriting and new head of transportation, to strengthen the company’s bench and capabilities. New team members are:
- Brent Gottlieb, executive vice president-transportation
- Anthony Fortunato, director of underwriting
- Jamie Ashby, account executive
- Dusti Chapelas, account executive
- Cherie Milazzo, vice president-sales
- Patrick Lopez, account executive
- Mitchel Ray, business development-transportation