eCapital appointed Rob Wright chief product officer. Before joining eCapital, Wright served as chief product officer for Triumph Financial, where he created a multi-phase innovation strategy that included a re-architected customer platform.
eCapital closed a $245 million increase to the syndicated bank line supporting its asset-based lending group. With this latest increase, eCapital’s total bank facility commitments across its three syndicated bank lines now exceeds $1.6 billion.
eCapital appointed David Gladu president and head of its factoring group in North America. In the new role, Gladu will lead the expansion and advancement of eCapital’s factoring portfolio and divisional initiatives.
eCapital reported a summer surge in deals within its asset-based lending group, securing a combined aggregate value exceeding $160 million in new facility commitments.
eCapital appointed Tim Peters to the role of president and head of the asset-based lending group. Peters’ responsibilities will include overseeing accounts, underwriting, sales and operational functions, with the aim of propelling the division into a new phase of growth.
eCapital ranked No. 1,383 on the 2023 Inc. 5000, marking its debut on the list and highlighting its growth rate of 422% over the last three years. The Inc. 5000 offers a comprehensive data-driven perspective on the achievements of companies operating in the independent business segment.
eCapital hired Thomas Siska as senior vice president and head of factoring. Siska is taking on the responsibility of overseeing operations and spearheading sales for the factoring group in various sectors, with the exception of the specialized transportation segment.
eCapital received a $110 million increase to the syndicated bank facility supporting its asset-based lending group. With its latest increase, eCapital’s total bank facility commitments now exceed $1.4 billion. Wells Fargo acted as administrative agent for the syndicated facility.
eCapital appointed Todd Zarin as chief legal officer. As part of the executive leadership team, Zarin will oversee eCapital’s in-house legal team and be responsible for all legal operations for the company.
Marius Silvasan, CEO of eCapital, a finance provider for businesses across North America and the U.K., was named a Best in Biz Awards bronze winner in the Executive of the Year – Medium Companies category.