MIAMI--(BUSINESS WIRE)--1st Merchant Funding, a leading provider of small business funding and licensee of the industry-leading funding platform PowerForce®, has named Stephen Wagman its chief executive officer. Wagman was most recently President and CFO at QualMetrix, a Miami-based healthcare analytics company.
Wagman brings more than 26 years operational, financial, capital markets and M&A experience from businesses ranging from high-growth technology firms to large, publicly-traded companies. A graduate of The Ohio State University and Case Western Reserve University School of Law, Wagman has been in leadership roles at MasTec, First Data Utilities, Daleen Technologies and International Data Matrix.
“I’m confident Steve’s leadership and entrepreneurial spirit will further support 1st Merchant’s growth in the expanding small business funding industry,” said Levi Rosenblum, chairman of 1st Merchant Funding. “I am delighted to have Steve on board to run operations, which will enable me to focus on expanding the PowerForce® platform and leveraging technology to fuel our performance.”
“I’m thrilled with the opportunity to take 1st Merchant to the next level, working closely with Levi and the entire team. While 1st Merchant has achieved much during the past seven years, including impressive growth, consistent profitability, and a solid reputation, I’m very bullish on the industry, team and business prospects moving forward,” said Stephen Wagman, CEO.
Wagman, a member of the Florida Bar and American Bar Associations, also sits on the Florida Board of Directors for the University of Miami’s Diabetes Research Institute Foundation (DRIF).
About 1st Merchant Funding
Launched in 2007, 1st Merchant Funding is a leading provider of merchant cash advance products for small and medium-sized businesses. To date, 1st Merchant has funded thousands of businesses and nearly one hundred million dollars in working capital throughout the United States. Rather than underwriting businesses by its owners’ personal credit history, 1st Merchant Funding utilizes data aggregation and electronic payment receipts in conjunction with proprietary scoring models to evaluate the financial health of small businesses, and provide immediate working capital as quickly as two business days. 1st Merchant Funding has one of the industry’s largest independent sales networks, with over 2,900 independent agents marketing its merchant cash advance and small business funding products. 1st Merchant Funding is also a licensee of PowerForce®, the industry’s leading disruptive financial technology platform.
To learn more, visit www.1stmerchantfunding.com.