eCapital Taps Tim Peters to Take Helm of ABL Group

Brian Cuttic and Steven Silver Continue to Assume Key Roles

MIAMI – August 21, 2023 – eCapital Corp. (“eCapital” or “the Company”), a leading finance provider for businesses across North America and the U.K., is pleased to announce the appointment of Tim Peters to the role of President, Head of the Asset-based Lending (ABL) Group. This strategic move underscores the significant role of the ABL portfolio within the organization and the remarkable growth the division has achieved over the past year.

With his extensive industry expertise, Tim Peters will be responsible for leading the ABL Group. This includes overseeing accounts, underwriting, sales, and operational functions, with the aim of propelling the division into a new phase of growth. Peters' impressive decision-making skills were previously demonstrated through his exceptional leadership during CNH Finance's acquisition by eCapital in 2022, and the successful expansion of the eCapital Healthcare division's portfolio after joining the company. Under Peters' guidance, the ABL Group is well-positioned for its continued advancement.

To further bolster the leadership of the ABL Group, Brian Cuttic will continue to hold the position of CEO, Asset-based Lending, building upon his legacy of client acquisitions and operational efficiencies. Additionally, Steven Silver will assume the role of Head of Sales, ABL, drawing from his track record of delivering exceptional results and a strong commitment to client satisfaction.

These leadership changes reflect eCapital's evolution, setting the groundwork for its next stage of growth, innovation, and industry diversification. As the company expands its operations, implements fintech strategies, and pursues aligned acquisitions, it is focused on maintaining an agile organizational structure that fosters effective decision-making and cross-functional collaboration.

"I have every confidence that Tim Peters, alongside Brian Cuttic and Steven Silver, will elevate our ABL Group to unprecedented heights," asserts Marius Silvasan, CEO of eCapital. "Their collective knowledge and leadership position us for the achievements that lie ahead as we continue our journey toward becoming the premier alternative finance provider for SMBs." Silvasan adds, "We're at a crucial growth point, and our strategic plan, combined with our outstanding leadership team, ensures a smooth execution of responsibilities. Together, we're ready to seize the opportunities that will drive eCapital toward exciting new milestones."

About eCapital Corp

eCapital is committed to accelerating access to capital for companies in the United States, Canada, and the U.K. By leveraging a team of over 700 experts and proprietary, industry-leading technology, eCapital is creating the future of business funding. With a full suite of products such as freight factoring, invoice factoring, lines of credit, asset-based lending, payroll funding, and equipment refinancing, eCapital ensures businesses have access to the funds they need to do more. Through its Transportation, Staffing, Consumer Goods, Healthcare, Factoring, and ABL divisions, eCapital delivers customized funding solutions for over 80 industries. To learn more about eCapital, visit eCapital.com.