The Allcap Participation Fund announced that David Lau has joined the team as its Chief Operating Officer and Chief Technology Officer. Formed in 2007, Allcap was founded by Clay Tramel, former owner of Allied Affiliated Funding, which recently sold to Axiom Bank, N.A.

Led under the direction of Joel Flig, President. Allcap provides direct funding for companies creating the right capital solution for their business, from receivables financing to term loan opportunities as well as participating with other financial institutions. Lau will be responsible for the operations, information systems, and marketing strategy for the overall fund.

Lau transitions into his new role after helping build Allied Affiliated Funding for a successful sale to Axiom Bank, N.A. Prior to his 11 years with Allied, he used his experience in project management, financial management, marketing and sales in building a start-up company.

“We are excited that David has joined Allcap,” said Flig. He has proven experience in leadership, customer relations, technology, and marketing. “I am truly excited to join Joel and Clay’s team in taking Allcap to the next level and exceeding our customer’s expectations,” said David.”