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Primary Capital Acquires Longtime MCA Provider

January 07, 2020, 08:55 AM
Filed Under: Mergers & Acquisitions

Merchant Cash Advance Provider and Small Business Servicing Company Primary Capital Funding announced their acquisition of a division of Infinity Capital Funding. The acquisition will enable Primary Capital Funding to expand its mission to help subprime small business owners get out of the vicious cycle that the alternative finance loan system poses and guide merchants to long-term financial well-being. Infinity Capital Funding is a 13-year-old merchant cash advance provider based out of Woodland Hills, California.

This acquisition will include the ICF merchant portfolio, adopting 13 years of historic client performance data, and expanding upon Primary Capital's current technology suite.

"We are excited about the acquisition and believe that the data and technology ICF has built over the past 13 years will be tremendously valuable to our key goals for 2020," says David Korchak, Co-Owner of Primary Capital.

Primary Capital will also be taking on Isaiah Kenigsberg, ICF's Financial Controller, as their new CFO. "I have been working with Primary Capital over these past few months and I'm truly excited to be joining their team. I believe in their plans for expansion into the market and the growth and strategy visions for the future."

"We are excited to have Isaiah on board," says Korchak. "He is a master at MCA portfolio management, and comes with years of experience in financial data analysis and strategy."

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