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eCapital Empowers Last-Mile Delivery Fleet with Tech-Enabled Invoice Factoring

MIAMI – May 29, 2024 – eCapital Corp. (“eCapital”), a leading tech-enabled finance provider specializing in tailored solutions for businesses across North America and the United Kingdom, announced the funding of a $1 million invoice factoring facility for a prominent Southern California last-mile delivery fleet. This strategic partnership underscores eCapital’s commitment to supporting the burgeoning last-mile delivery market while showcasing its advanced capabilities in handling high-volume invoice processing.

The global last-mile delivery market is projected to reach a staggering $340.56 billion by 2032, driven by the surge in e-commerce and rising consumer demand for fast and reliable service. However, this explosive growth presents unique challenges for last-mile delivery companies. This final leg of the supply chain, often the most expensive and complex due to intricate logistics, route optimization, and seamless customer communication needs, also places a significant strain on working capital.

eCapital is uniquely positioned to address these challenges with its robust technology platform and proven track record in invoice factoring. “Last-mile delivery fleets operate in a fast-paced environment with high invoice volume,” says Amanda Bowman, SVP, Sales Director at eCapital. “Our automated and efficient invoice processing solutions ensure our clients receive the working capital they need quickly and easily, allowing them to focus on core business operations.”

By leveraging eCapital’s $1 million invoice factoring facility, the last-mile delivery company can optimize cash flow, invest in growth initiatives, and meet customer demands effectively. This partnership enables the company to navigate the dynamic last-mile delivery landscape and capitalize on the market’s immense potential.

“At eCapital, we’re continually innovating our technology to streamline the invoice factoring process for businesses of all sizes,” commented Tom Siska, SVP, Commercial Finance at eCapital. “This investment in the last-mile delivery sector reflects our commitment to providing solutions that meet the evolving needs of today’s dynamic business landscape. Our technology platform is specifically designed to handle high-volume transactions efficiently, ensuring our clients have the working capital they need to keep their operations running smoothly.”

As the factoring space evolves, eCapital remains at the forefront, continuously innovating its solutions to keep pace with the ever-changing demands of the market and empowering companies to achieve their full growth potential.

 

About eCapital Corp

eCapital is committed to accelerating access to capital for companies in the United States, Canada, and the United Kingdom. By leveraging a team of over 700 experts and proprietary, industry-leading technology, eCapital is creating the future of business funding. With a full suite of products such as freight factoring, invoice factoring, healthcare receivables financing, asset-based lending, payroll funding, and equipment refinancing, eCapital ensures that businesses have the funds they need to do more. Through its Healthcare, Transportation, Staffing, Consumer Goods, Factoring, and ABL divisions, eCapital delivers customized funding solutions for over 80 industries.