Acquisition broadens accessibility to money in Canadian factoring sector at a crucial time
TORONTO, Dec. 16, 2020 /PRNewswire/ – Revolution Cash, the primary supplier of factoring and cash-circulation financing in Canada and the United States, has obtained Grand Economical Administration Inc (GFM), experts in supplying factoring facilities for the Canadian transportation and staffing industries.
The acquisition extends the availability of Revolution Capital’s transportation factoring and staffing factoring expert services to an even bigger share of the Canadian industry and leverages GFM’s very respected sales staff to deliver GFM clientele with versatile obtain to a bigger amount of money of funding than previously obtainable in the Canadian transportation factoring house. The go also delivers larger adaptability throughout a swiftly shifting surroundings by offering Canadian transportation companies of varying measurements with a much more scalable option to cash-movement bottlenecks.
“We could not be happier about the gains this will extend to our current shoppers, and of class, our new ones,” explained Michael Rakhnayev, CFO of GFM.
Rakhnayev will also serve as Revolution’s new Director of Product sales & Internet marketing. “We are self-assured that under his management, the quickest rising factoring company in Canada will be capable to keep that title,” explained Loren Shifrin, CEO of Revolution Capital.
This marks one particular of several the latest acquisitions by Revolution Capital in the final 6 months and solidifies its place as a chief in the factoring industry. Advancement by acquisition is very substantially an integral aspect of Revolution’s progress design and the acquisition of GFM is a solid addition to the company’s portfolio.
ABOUT REVOLUTION Cash
Revolution Funds is a factoring organization with headquarters in Woodbridge, ON and a leader in equally the Canadian & U.S. factoring industries. They are providers of honest, transparent, and reliable lending which gives shoppers with financial stability and opportunities for growth. For additional details, visit https://revinc.com/.
ABOUT GRAND Financial Administration INC.
Grand Economical Management is one of the premier financing and factoring enterprises for modest- to-medium-sized providers in Canada & the U.S.A. They started out in 2002 as a relatives company aiding trucking providers with their income stream prerequisites. Since then, they’ve expanded fast as a reliable variable enterprise, functioning with purchasers across the transportation, aerospace, producing, and wholesale sectors and specializing in customized lending options to assist client’s economical administration and advancement.
Resource Revolution Money
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