eCapital Continues Growth Curve
While 2020 was tough at times, eCapital emerged in great shape, thanks in part to holding to a growth strategy set before the world ever hear of COVID-19.
CEO Marius Silvasan said the capital solutions provider to small- and medium-sized businesses in the United States, Canada and the United Kingdom was founded in 2006 and had some growth through 2010, which is when he bought into the company. Beginning on 2012 they began to complement their organic growth with a series of acquisitions including Gerber Finance in 2017, Paragon Financial in 2018, Accutrac Capital in 2019 and a quartet of companies in 2020, consisting of REV Finance Group, Advantedge Commercial Finance, Prosperity Funding and Bibby North America. Revenues increased by 60 per cent with bookings up 50 per cent. Based on the Q1 run rate 2021 could see 50 per cent again.
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Paragon Finance reports standalone net loss of Rs 1 40 crore in the December 2020 quarter
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