REV Capital delivers on its commitment to invest in technology with the launch of its first new subsidiary.
REV Capital, Canada’s and the United States’ leading provider of factoring and cash flow financing, announces the launch of REV Tech. REV Capital’s commitment to investing in technology as part of its mission to reinvent factoring is exemplified by this new subsidiary.
REV Tech, an important subsidiary, has its own mission: to democratise access to resources in the transportation industry. To accomplish this, the company is developing a platform that will integrate and unify a variety of transportation-related service offerings such as factoring, fuel discounts, dispatch software, and much more.
=Bheesham Singh, an industry veteran who has spent the last 20 years driving profitability for his clients, has been appointed as REV Tech’s Chief Operating Officer. Bheesham, who is known for operating with passion and purpose, will provide guidance as well as operational efficiency to the REV Tech team.
“This is an exciting time for the industry, and I’m thrilled to be a part of the team developing advanced technological innovations with such long-term benefits,” Singh said.
Akber Abbas, REV Tech’s new Chief Technology Officer, is spearheading the technology. This role is a perfect fit for Abbas, who has nearly two decades of experience in the tech and start-up space.
“I’m thrilled to be working with REVTech to create innovative solutions that improve efficiency optimization and data analytics in our quest to reinvent factoring,” Abbas said. “We are in a unique position to use fintech to improve customer experience based on constantly changing needs — this is unquestionably a watershed moment for the industry.”
Loren Shifrin, CEO of REV Capital, will be the CEO of REV Tech. Michael Lukhton, CFO of REV Capital, will take over as CFO of REV Tech.