MIAMI, July 24, 2015 /PRNewswire/ -- Knight Capital Funding (Knight Capital Funding), a financial services company dedicated to providing working capital to businesses and entrepreneurs, announced the addition of Rich Ferrante as their new chief financial officer.
"Rich will play a pivotal role in our expansion plans and in the development of new services to help businesses and entrepreneurs across the country to quickly and conveniently access the working capital they need to successfully operate and grow," said Martin Aronin, SVP of Sales and Marketing at Knight Capital Funding.
Ferrante had been providing financial consulting to Knight Capital Funding prior to accepting the role of chief financial officer. Prior to joining Knight Capital Funding, Ferrante served as controller for CAN Capital and their subsidiary, AdvanceMe, Inc. (AMI) and was promoted to chief financial officer in his first year. Throughout his seven-year tenure as CFO with both companies, Rich grew AMI to be a leader in the merchant cash advance industry, reengineered the accounting and finance departments for both organizations, and raised an estimated $200 Million in equity, subordinated debt, and warehouse line financing.
Ferrante's career in financial services and accounting began at PricewaterhouseCoopers, and then Mercer, a subsidiary of Marsh & McLennan, working within both the United States and internationally. Later, he served in a controller capacity at a publicly traded healthcare company and for a subsidiary of Ameritrade Holding Company. Ferrante has an MBA in Finance from Fordham University focused on International Business and earned his Bachelor's Degree from Iona College.
About Knight Capital Funding
Knight Capital Funding provides working capital to businesses of all shapes and sizes throughout the United States. Entrepreneurs requiring working capital for day-to-day operations and expansion opportunities turn to Knight Capital Funding due to their unique underwriting of applications using multiple facets, such as a business's potential for growth and profit, not just an owner's personal credit history. Knight Capital Funding is considered a leader in Merchant Cash Advance and is proud to have an approval rate of 95% for businesses meeting their minimum requirements, as well as the ability to fund businesses within 24 hours. For more information, visit www.KnightCapitalFunding.com.
SOURCE Knight Capital Funding