Acquisition will strengthen eCapital’s market position as leading independent provider of specialty finance.
29 Oct 2024: eCapital Commercial Finance have announced today that they have completed the acquisition of the Bristol based, Optimum SME Finance Ltd.
The acquisition marks the completion of another exciting initiative for eCapital. The addition of the Optimum business into eCapital is an important milestone in their expansion strategy and highlights their continued growth and momentum as a leading player in the UK invoice finance market.
David Tilling, CEO of eCapital Commercial Finance says: “We are delighted to have acquired Optimum’s clients and team as it supports our ambitious growth plans and enables us to expand our national coverage to now include a Bristol regional presence, whilst reinforcing our commitment to becoming the premier, fully integrated financial partner for SMEs across the UK.
Acquiring the Optimum portfolio and aligning its clients within the eCapital brand provides us with a tremendous opportunity to appeal to a wider audience of businesses looking for financial support. eCapital Commercial Finance has seen a continuous period of growth over the last few years and is now currently providing over £160m of funding support to UK businesses who are seeking flexible and competitive finance for their businesses.
We are passionate about making a difference to our clients and providing certainty of funding, so they have the confidence to drive their plans forward.
While we strive to improve efficiencies and drive revenue growth, we will continue to move forward on our commitment to empower our six regions, elevate our clients’ experience, and support our valuable employees.
This is an exciting time for the eCapital Group, and the acquisition of Optimum will position us to stay ahead in a challenging market by securing a further regional outpost and to stay focused on innovation and how we differentiate ourselves in the UK market.”
eCapital UK
eCapital Commercial Finance (eCapital) is a leading invoice financier providing funding facilities up to £4m to support the growth of SMEs through the provision of flexible working capital facilities. With five fully functional UK regional offices, its local teams are uniquely placed to respond promptly and purposefully to the cashflow needs of its clients. The business has grown significantly since its launch in 2001, providing over £12 billion of funding to businesses. It is majority owned by eCapital, a US based financial services business with interests in the USA and Canada.
