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Ascentium Capital Reports 30% Growth in 3Q

October 10, 2019, 07:30 AM
Filed Under: Company Announcements

Ascentium Capital LLC announced funding volume of $392.4 million during third quarter representing a 30 percent increase over the same period last year and reached $2.4 billion in managed assets.

“I’m proud of Team Ascentium delivering a finance experience that outperforms the competition while managing risk. We’re pleased about the large national programs we are winning with equipment providers and our repeat business efforts that are key drivers of growth,” said Tom Depping, Chief Executive Officer at Ascentium Capital.

The company is experiencing growth in the key markets it serves, including commercial vehicle, franchise, healthcare, hospitality and technology. Recent growth milestones for the company include:

  • Reached $1.1 billion year to date in funded volume,
  • Surpassed 100,000 unique SMB clients since inception, and
  • Achieved 48 percent growth in funded volume over last year in direct sales channel,

All departments within Ascentium Capital take a disciplined approach to drive the organization’s organic growth. Business development managers focus on winning business that meets the company’s ideal vendor profile. The use of data-driven decision-making is used to capture new and repeat business. The success of this discipline has driven the demand for Ascentium Capital’s finance products. As result, the company is recruiting across the country for vendor and direct sales personnel with equipment financing experience.  

“The skill and dedication of our employees enables us to significantly differentiate ourselves and bring lasting value to our customers. We look forward to a successful fourth quarter, including celebrating women in business in honor of October’s National Women’s Small Business Month,” said Richard Baccaro, Chief Sales and Marketing officer at Ascentium Capital.

Ascentium Capital is backed by the strength of leading investment firm Warburg Pincus LLC.

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