1st Merchant Funding Appoints Stephen Wagman as CEO

By Charles H. Green

1st Merchant Funding, a leading provider of small business funding, has named Stephen Wagman as its Chief Executive Officer. Wagman has more than 26 years experience in operational, financial, capital markets, and M&A from various businesses including high-growth technology firms and publicly traded companies.

Prior to joining 1st Merchant, Wagman served QualMetrix, a healthcare analytics company 1st Merchantin Miami, as President and CFO. He also held top-level executive positions at MasTec, First Data Utilities, Daleen Technologies, and International Data Matrix. He’s a graduate of The Ohio State University and Case Western Reserve University School of Law.

Levi Rosenblum, Chairman of 1st Merchant Funding, said “I’m confident Steve’s leadership and entrepreneurial spirit will further support 1st Merchant’s growth in the expanding small business funding industry.” He added that having Wagman on board will allow him (Rosenblum) to focus on the expansion of the PowerForce® funding platform and leveraging technology to fuel the company’s performance. Wagman looks forward to working at 1st Merchant, given the company’s impressive growth, stable profitability, and solid reputation in the past seven years. He’s confident of 1st Merchant’s continuous growth in the future.

Wagman is a member of the Florida Bar and American Bar Associations. He’s also one of the Florida board of directors for the University of Miami’s Diabetes Research Institute Foundation (DRIF).

About 1st Merchant Funding
Established in 2007, 1st Merchant Funding is a leading Merchant Cash Advance provider. It has delivered more than $150 million in immediate working capital to thousands of small- to mid-sized businesses in the country through small business platform called PowerForce®. To learn more, visit the website www.1stmerchantfunding.com.

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