Tailored factoring solution
How eCapital helped this tech distributor with their ability to meet market demand.
In 2017, Andrés Pazmiño launched Evolution Global Solutions, an international distributor of computers, electronics, and appliances. With limited capital and a high-demand customer base, Pazmiño needed financing to get the business off the ground.
He turned to his brother, a commercial banker, for help finding accounts receivable financing—and was soon introduced to LSQ (now eCapital). After testing two providers, eCapital stood out for offering the best terms and a reliable partnership.
THE CHALLENGE
Like many startups, Evolution Global faced funding limitations in its early days, especially in the capital-intensive electronics industry. The company needed working capital to manage customer invoices and support expansion into new markets.
Traditional financing options were out of reach, and one early factoring partner proved difficult to work with due to inefficient systems and lack of transparency. For a distribution team—with operations in Florida and accounting in Ecuador—ease of use was critical.
I’m very grateful for LSQ (eCapital). I started a business with $30,000.The first year we were able to invoice $1,700,000. In five years, we’ve been able to grow the business to $11 million, and now to almost $16 million.
Owner
Andrés Pazmiño
THE SOLUTION
eCapital provided Evolution Global with an initial $175,000 accounts receivable financing facility to support key customers. As the business grew, so did the credit line—eventually reaching $2.2 million, enabling the company to handle rising sales and scale operations across the Americas.
eCapital’s proprietary LSQ FastTrack® platform made it simple for the global team to manage invoices, reconcile records with QuickBooks, and maintain financial accuracy across time zones.
THE STORY
With eCapital’s support, Evolution Global scaled from $1.7 million in its first year to nearly $16 million in annual invoicing. The company expanded its offerings to include fitness equipment, video games, and home electronics, serving major retailers throughout the U.S., Central, and South America.
During the COVID-19 pandemic, Evolution helped deliver much-needed laptops to underserved regions—meeting critical demand in education and remote work. Since partnering with eCapital, the company has factored over $29 million in invoices, a milestone Pazmiño credits as key to their growth: “We couldn’t do it without them.”
“We actually had two different factoring companies that were able to help to find business financing, but LSQ (now eCapital) gave us the best deal”
Explore the solutions that supported the growth strategy for this tech distributor
INVOICE FACTORING
Flexible financing solutions to help businesses improve cash flow, and unlock capital for growth.
