REV Capital, a provider of factoring and cashflow financing in Canada and the United States, appointed Daniel Stacy as executive vice president of business development for its commercial finance division.
Stacy is a highly accomplished business developer with more than 15 years of experience and a proven track record of being able to grow general factoring portfolios quickly and profitably. Stacy is very well connected and respected by many in the financial brokerage community and his reputation will serve to facilitate the New York office’s expansion into the commercial finance market.
As the former head of sales at CapFlow Funding, Stacy brings a flexibility, eagerness and relationship-first approach to help scale the commercial finance division. “I’m very excited to be working with my close friend and colleague, Mark Dubs. Between Mark and I, we have a combined experience of over 30 years in the industry and are building a conveyor belt of new business opportunities that we intend to close quickly and efficiently. REV Capital is the top player in Canada and easily one of the top firms in the U.S. and I’m thrilled to be a part of such an awesome company,” Stacy said.
The new commercial finance division is making progress in its quest to become a market leader in the general receivables finance space. The team has recently provided a $7.5 million dollar factoring facility to a Mississippi based staffing company. “The past few months have been unbelievably busy and productive. We are establishing REV as a leading provider of cashflow financing with our brokers and associates, and larger and more sophisticated clients are coming in every day. Having Dan join the team will have the same effect as adding fuel to a fire. We are about to take off and I can’t wait for it.” Mark Dubs, president of the commercial finance division at REV Capital, said.
