Miami-headquartered eCapital Corp, which provides financing to small and medium-sized businesses in North America and the UK, has announced the acquisition of working capital provider LSQ Group. 

LSQ’s platform allows companies to optimise their working capital cycles by automating and accelerating payments, while using technology and proprietary data to manage credit risk.  

eCapital, whose offering includes receivables financing, asset-based lending and freight factoring, says the acquisition will grow its footprint, enhance innovation efforts and improve its ability “to provide advanced, customised funding to clients”. 

“This acquisition significantly enhances eCapital’s capacity to deliver scalable working capital solutions,” says eCapital chief executive Marius Silvasan.  

“LSQ complements eCapital’s focus on streamlining access to the capital businesses need to thrive in today’s fast-paced economic environment.” 

Dan Ambrico, chief executive of LSQ, adds the deal “allow[s] us the opportunity to amplify our collective reach”. 

“We’re ready to combine our strengths and drive client success, setting a new industry standard,” he says. 

eCapital is active across several sectors, including healthcare, transportation, staffing and consumer goods. Its offering is used by companies in the US, Canada and UK. 

The company hails Orlando-headquartered LSQ’s specialisation in supply chain finance as well as risk management, describing the company as “a trusted provider in the finance sector” with a “solid portfolio position”. 

In recent months, LSQ has closed multi-million-dollar receivables and invoice finance facilities across the biosolutions, staffing and apparel sectors.