eCapital Corp. announced the acquisition of UMB Bank’s Accounts Receivable Financing division portfolio.

“This acquisition from UMB Bank supports our organizational growth strategy, as we continue to advance our position in the alternative finance industry. More specifically, it bolsters our presence across the Midwest and strengthens our service delivery across this important region” said Marius Silvasan, CEO of eCapital.  

Silvasan continued: “Over the coming weeks, we will seamlessly transition this significant customer base to our market-leading technology platform, ensuring that they receive outstanding access to the working capital they require.”

This is the 11th acquisition for eCapital within the alternative finance sector in the last four years. The purchase supports the company’s corporate vision of becoming the leading alternative financing provider throughout North America and the UK.