Results 1 to 20 of 20
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05-29-2018, 11:09 AM #1
- Join Date
- Apr 2013
- Location
- Basalt CO
- Posts
- 867
Rapid K suing NAB for 25 mill
anyone else see this? I was not able to download the article.
If someone has access please post it up.I put my contact info in here, and
was bombarded with spam from funders
if you need to reach me PM me
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05-29-2018, 11:11 AM #2John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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05-29-2018, 11:26 AM #3
- Join Date
- Sep 2012
- Location
- New York, NY
- Posts
- 1,780
The full complaint reads like an episode of Billions
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05-29-2018, 11:27 AM #4
- Join Date
- Apr 2013
- Location
- Basalt CO
- Posts
- 867
wow that complaint is rough.
I put my contact info in here, and
was bombarded with spam from funders
if you need to reach me PM me
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05-29-2018, 12:01 PM #5
- Join Date
- Dec 2013
- Posts
- 4,713
2 sides to every story that's why we have judges. for some reason i could never get either of these 2 companies to work with me (and that's extremely rare)...
Last edited by mcaguru; 05-29-2018 at 12:04 PM.
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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05-29-2018, 12:24 PM #6
- Join Date
- Jun 2015
- Posts
- 3,323
is rapid capital that big ? where do they get the numbers from ?
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05-29-2018, 12:35 PM #7
- Join Date
- Jun 2017
- Posts
- 2,049
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05-29-2018, 12:39 PM #8
- Join Date
- Jun 2015
- Posts
- 3,323
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05-29-2018, 12:47 PM #9
- Join Date
- Jun 2017
- Posts
- 2,049
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05-29-2018, 12:52 PM #10
- Join Date
- Dec 2013
- Posts
- 4,713
Pass-off declines vs selling offers is different them submitting... i have a program for that if a company is NOT looking to work the deal and just collect HEFTY-HEFTY commissions they can Email-me about to discuss Couch Potato Program.
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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05-29-2018, 01:26 PM #11
- Join Date
- Oct 2016
- Posts
- 4,318
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05-29-2018, 01:42 PM #12
- Join Date
- Feb 2018
- Posts
- 1,349
rapid capital is based in florida. different rapid than Maryland. they were purchased by NAB, a large processing co. NAB also had capital for merchants as another co they owned that funded deals. primarily, they worked through their NAB agents and merchants as they have a huge portfolio. they also acquired total merchant services giving them access to all of those merchants to market to. as far as sending ysc or other co deals for declines, that's what everyone seems to be doing these day's to monetize. fund the cr鑪e of the crop, submit elsewhere for lower grade paper.
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05-29-2018, 02:46 PM #13
TOTAL MERCHANT SERVICES....isn't that the company that was on SHARK TANK?
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05-29-2018, 02:57 PM #14
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- Oct 2016
- Posts
- 4,318
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05-29-2018, 09:04 PM #15
- Join Date
- May 2017
- Posts
- 170
They disclose the actual 2014 results and pro forma 2015-2016 in an Exhibit. Rapid lost money in 2014 and it's debt exceeded the value of its portfolio....so a $15 million buyout was an amazing offer! Earn-outs are always precarious as the buyer has a perverse incentive to make the hurdles high. We saw this when GRP won a settlement from BFS when BFS allegedly handcuffed GRP's operations. Having said that, Craig's rep at NAB is not exactly a secret-but these allegations are nuts.
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05-29-2018, 09:06 PM #16Karen37aGuest
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05-29-2018, 10:00 PM #17
- Join Date
- Oct 2012
- Posts
- 360
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05-30-2018, 11:11 AM #18
- Join Date
- Dec 2013
- Posts
- 4,713
FYI
I do know in the credit card processing world (my original playing field industry) Marc Gardner had a super steller reputation with his NAB as in all his agents never had issues and his word in that space was golden!! .... met him a few times.... regarding this situation its just not my business to want to know any more details on the matter.Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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05-30-2018, 11:12 AM #19
- Join Date
- Dec 2013
- Posts
- 4,713
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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05-30-2018, 11:55 AM #20
- Join Date
- Feb 2018
- Posts
- 1,349
how much did they settle for to buyout the previous owner of grp? it look s like bfs retained the name of grp companies inc however as marc and Michael M remain listed as senior management of that corporation. was it more of a buyout owner and keep everything else intact , business as usual ?
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