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SOURCE: Merchant Cash and Capital, LLC
Cash advance leader taps Levengood to lead strategic growth initiatives.
New York, NY (PRWEB) February 07, 2013
As Merchant Cash and Capital, LLC (http://www.merchantcashandcapital.com), continues to aggressively expand its strategic initiatives, it announced today that former Chief Information Officer (CIO), Walt Levengood, has rejoined the firm to take on the role as Chief Strategy Officer (CSO). As CSO, Mr. Levengood will focus on creating, executing, and implementing strategic initiatives within the company.
In 2011, Mr. Levengood relinquished his position as CIO and COO at MCC to explore an opportunity as President of Payments at aurionPro, (http://www.aurionpro.com), a publicly traded technology company providing software products and consulting services. Bringing this substantial knowledge and experience of the payments industry to MCC, is instrumental in its growth and expansion.
As CSO, Walt is responsible for assisting CEO, Stephen Sheinbaum, to oversee a number of areas including the creation, communication and execution of the company’s strategic initiatives, domestically and internationally. Walt will be focusing on the top line of the organization by establishing new partnerships and expanding growth opportunities. Beyond his strategic responsibilities, Walt will be involved with the day to day operations of the firm.
“I am excited to be back at MCC in this most challenging role that will allow me to take advantage of the broad technology, business development and other experiences I have had in positions over my career in the payments industry,” said Mr. Levengood. “In my role as CSO, I will be able to have an impact at all levels of the business in an active capacity and I expect to be fully engaged in virtually all aspects of strategy creation and its implementation.”
“We are in a phase that requires keen leadership, vision and the ability to get things done across a broad spectrum of responsibilities and Walt is ideally suited for the position,” said MCC CEO Stephen Sheinbaum. “We know what Walt is capable of and now we are in a position to take full advantage of what he has to offer. MCC is pleased to have him back on board.”
At aurionPro, Mr. Levengood capitalized on his broad experience to position the company as a premier payments solutions provider by establishing new client development and product delivery. In 2011, Walt drove revenue increases in excess of 25% through strategic relationships and key accounts.
Prior to joining MCC in 2009, Walt served as Senior Vice President, Payment Services Group at Bancorp Inc., a multi-billion dollar bank specializing in financial products and services. Responsibilities included, developing and selling innovative solutions for payment-centric companies that developed and marketed the bank’s payment systems.
About Merchant Cash and Capital
Since 2005, Merchant Cash and Capital, LLC has been one of the nation’s business cash advance funding leaders. MCC has provided more than $500 million in financing to over 12,000 distinct customers and a total of over 20,000 advances. For more information about MCC and its innovative small business-focused cash advance programs, please call 1-866-792-9366 or visit its web site at http://www.merchantcashandcapital.com.
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