eCapital Appoints A UK Managing Director To Lead Next Phase

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eCapital UK, one of the UK's leading independent providers of invoice finance and asset-based lending solutions for growing SMEs, has appointed John Nelson as Managing Director, UK, as it continues to expand the business.

The appointment follows a period of sustained growth and success for eCapital UK. Over the past three years, the business has increased funds advanced to clients by 46%, grown its client base by more than 32%, and expanded into larger, more sophisticated funding facilities of up to £6 million, helping more businesses access the flexible working capital they need to invest, expand and build resilience.

John joins eCapital with almost four decades’ experience in financial services, having held senior leadership roles across Lloyds Banking Group, Royal Bank of Scotland, and Investec. This includes almost two decades specialising in receivables finance and asset-based lending. Throughout his career, he has held senior leadership positions spanning corporate banking, risk, portfolio management and commercial leadership, building a strong reputation for delivering sustainable growth and leading high-performing teams.

John will assume the role of Managing Director, UK, working alongside David Tilling, who will transition from CEO to become Executive Chair over the coming months. The planned transition will ensure continuity of leadership, with David focusing on the long-term strategic direction of the business, its culture and its partnership with eCapital’s US parent company. John will lead the day-to-day operations of the UK business, working with the executive team to deliver the company's growth ambitions, enhance client experience and drive continued growth across its specialist funding solutions. As part of the leadership transition, John will also join the UK Board.

The appointment comes at a time when many SMEs face a widening funding gap, with traditional lenders retrenching from parts of the market and businesses increasingly seeking more flexible sources of working capital.

David Tilling, Executive Chair at eCapital UK, commented:

"John is an exceptional leader with extensive experience across financial services and a deep understanding of the receivables finance and asset-based lending market. His strategic insight, commercial expertise and collaborative leadership style make him the ideal person to lead the UK business through its next chapter. His appointment reflects continuity rather than change. Our strategy, commitment to the market and focus on delivering exceptional outcomes for clients and introducers remain firmly in place."

“We’ve built tremendous momentum in recent years by supporting more businesses and expanding the scale and sophistication of the funding solutions we provide. As I transition into the role of Executive Chair, I do so with complete confidence that John and the leadership team will build on this success and deliver the next stage of our growth strategy."

John Nelson, Managing Director at eCapital UK added:

"I am delighted to be joining eCapital UK at such an exciting point in its journey. The business has established an excellent reputation in the market, underpinned by a talented team, strong client relationships and the backing of a strong parent."

"There is a significant opportunity to continue growing our presence in the UK by helping more businesses access the flexible funding they need to thrive. Developing relationships with valued introducers will also remain a key focus as the business continues to expand. I look forward to working with colleagues across the business to build on the company's success and deliver the next phase of growth."

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Nov 25, 2024
2 min read

STRIDE Dorset has innovation grant packages, subject to eligibility, which are available for innovative businesses in the Dorset Council area. No match funding is required but companies are urged to apply now because the deadline is on December 2nd.

The STRIDE programme is based on a similar one in Cornwall and has a raft of other benefits.

These include masterclasses and innovation exchanges, specialist surgeries and support covering topics that include intellectual property, patent registration, NDAs, R&D tax credits and general finance. It can also help with product development and prototyping and give one-to-one assistance.

Jessica Dennis, who is running the Dorset programme, said:

“This project is intense, running only to February. Therefore we are keen to hear from businesses who want to register interest for the grants and associated support."

“Those innovative businesses that need funding and help to improve efficiencies, create a new product or service, develop a minimum viable product, buy equipment to enhance business growth or protect an innovative idea or product are invited to apply."

“We have experts ready and willing to help and they are highly experienced. Those businesses who don’t qualify for the funding might benefit from other services STRIDE Dorset offers."

“Each grant comes with up to 30 hours dedicated support and we aim to replicate the high levels of success we’ve had with the Cornwall programme.”

The project is run in collaboration with Dorset Council and funding for STRIDE Dorset was secured from the Government’s Shared Prosperity Programme. Dorset has more than 63,000 businesses and last year more than 8,500 start-ups were registered.

To apply for the innovation grant package, email innovationinfo@plymouth.ac.uk and ask for an expression of interest form.

The deadline for applications is Monday 2nd December.

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eCapital Appoints A UK Managing Director To Lead Next Phase

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