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Revolution Cash acquires Grand Economic Administration Inc.

Push launch content from PR Newswire. The AP news staff members was not included in its creation.

Acquisition broadens entry to capital in Canadian factoring sector at a important time

TORONTO, Dec. 16, 2020 /PRNewswire/ – Revolution Cash, the main supplier of factoring and income-move funding in Canada and the United States, has acquired Grand Fiscal Management Inc (GFM), specialists in providing factoring services for the Canadian transportation and staffing industries.

The acquisition extends the availability of Revolution Capital’s transportation factoring and staffing factoring companies to an even greater share of the Canadian current market and leverages GFM’s hugely highly regarded gross sales team to offer GFM purchasers with flexible obtain to a greater amount of funding than earlier accessible in the Canadian transportation factoring place. The move also supplies better adaptability across a promptly switching ecosystem by offering Canadian transportation businesses of various sizes with a much more scalable solution to cash-move bottlenecks.

“We could not be happier about the rewards this will extend to our recent clients, and of training course, our new types,” said Michael Rakhnayev, CFO of GFM.

Rakhnayev will also serve as Revolution’s new Director of Gross sales & Advertising. “We are self-confident that less than his management, the quickest growing factoring corporation in Canada will be capable to keep that title,” said Loren Shifrin, CEO of Revolution Funds.

This marks a person of quite a few new acquisitions by Revolution Capital in the final 6 months and solidifies its posture as a leader in the factoring industry. Progress by acquisition is quite much an integral section of Revolution’s advancement model and the acquisition of GFM is a solid addition to the company’s portfolio.

ABOUT REVOLUTION Capital
Revolution Funds is a factoring firm with headquarters in Woodbridge, ON and a chief in each the Canadian & U.S. factoring industries. They are companies of dependable, transparent, and responsible lending which supplies clientele with money stability and possibilities for advancement. For additional information, visit https://revinc.com/.

ABOUT GRAND Economic Administration INC.
Grand Money Management is one of the biggest financing and factoring businesses for compact- to-medium-sized organizations in Canada & the U.S.A. They started out out in 2002 as a family small business assisting trucking organizations with their money movement needs. Due to the fact then, they’ve expanded rapidly as a trusted aspect organization, working with purchasers across the transportation, aerospace, producing, and wholesale sectors and specializing in tailor-made lending remedies to guidance client’s financial management and growth.

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Resource Revolution Money