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."