eCapital

[5][6] In 2019, Global Merchant Fund Corporation acquired Accutrac Capital, a company active in freight factoring, a sub-sector of transportation market.

[3] In the same year, the acquisition of several companies: Advantedge Commercial Finance, a UK-based specialty lender and factoring company; Bibby Financial Services; REV Financial Group, based in Los Angeles; and Prosperity Funding, located in Fort Lauderdale occurred.

[16][17] Additionally, eCapital provides funding for high-growth companies, buyouts, mergers and acquisitions, extended payment terms, poor financial health situations, unexpected events, restructuring and turnaround scenarios, seasonal fluctuations, DIP financing, and startups.

[18] eCapital is affiliated with several industry organizations including the Secured Finance Network and the International Factoring Association.

[35] Key issues highlighted include challenges with contract termination, difficulties in reclaiming escrow/reserve funds, delays in releasing UCCs, the complexity and mutability of web-based contracts, aggressive and misleading sales tactics, lack of customer support, poor communication, issues with fund releases and payments, and unauthorized factoring practices.