PHILADELPHIA, Dec. 16, 2015 /PRNewswire/ -- Alternative finance veterans Joseph Greco and Joseph Genovesi are announcing the launch of their new specialty finance platform. Thrivest Specialty Funding, LLC (Thrivest), which offers to accelerate fees, awards, claims, and other future receivables across numerous asset classes.
Unlike most traditional financial institutions, Thrivest does not offer loans; instead, it purchases portions of its clients' future settlements, awards or earnings and then provides the client with a cash advance against this purchased amount. In other words, clients are able to have advance access to their own money instead of finding themselves indebted to a lender.
For many professionals who work on a contingency fee or commission basis, applying for a loan is often a challenging process, requiring a personal credit check and demonstration of collateral. Unfortunately, this often results in either a rejected application or an insufficient loan commitment. Thrivest's services were designed specifically for these individuals, where future receivables are accepted as collateral and are the primary determinant of approval and advance amount.
The principals of Thrivest Specialty Funding, LLC, Joseph Greco and Joseph Genovesi, have been active in the alternative finance space a combined total of over 25 years. Greco is the chairman of the revenue cycle technology company RevSpring, and also a founder of the merchant funding and marketplace finance business CapitalFront. Most recently, Genovesi served as president of a $200M legal finance company that focused on attorney post-settlement funding. Prior to that, he was the Senior Vice President at an alternative investment advisory firm.
To learn more about Thrivest and its legal funding and specialty finance solutions, please call 888-697-7352 to speak with a funding specialist. Or visit http://thrivest.com, where you can submit an application and learn more about the company.
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SOURCE Thrivest Specialty Funding, LLC