Capify founder launches new business
Capify founder and CEO David Goldin has founded a new business that provides funding to commercial lenders, particularly in the merchant cash advance, alternative business loans space.
“I'm proud to announce that I'm returning to the US Merchant Cash Advance/Alternative Business Loan industry.
“This time not as an originator / platform, but providing capital to the industry,” Goldin said in an announcement on LinkedIn.
As reported in the trade publication deBanked, Goldin has partnered with a subsidiary of specialty finance group Basepoint Capital to launch Lender Capital Partners.
Goldin will remain with Capify, “nothing has changed on that front,” he told AB+F, adding that his new role is more of “landlord” in providing capital.
“I have over 17 years’ experience in providing capital to businesses from forward flow agreements and credit facilities.”
He told AB+F that he sees synergies between Capify and the new businesses with talks already underway to look at expanding in overseas markets and possibly with the Capify business.
In a recent interview, Goldin said Capify had plans to roll out new products in Australia including a Merchant Cash Advance product.
Goldin helped start up Capify in the US back in 2002. Since then, the business has expanded into a number of countries including Australia.
“I remain absolutely committed to Capify. This new venture just helps me expand my own horizons and provide me with more challenges.”