eCapital acquired the assets of Flexible Funding, a payroll funding company for staffing agencies across multiple industries, along with its freight factoring subsidiary, InstaPay.
Flexible Funding moved its headquarters from San Francisco to Fort Worth, TX. In addition, the company also expanded its team by hiring Steve Sala as CFO and Doug Gregory as CCO.
Robinn Mikalic, ABL expert and author of The Deciding Factor and Brokering Factoring Deals, joined Flexible Funding as a senior business development officer. She will be based in the Philadelphia-New York region.