Converge Capital Group

What Converge Capital Group does

Converge Capital Group, LLC is a privately held Virginia-based financial services firm operating a dual-platform model: alternative lending for SMBs and payment processing. The lending portfolio spans 12+ products including term loans ($10K-$5M), SBA loans ($50K-$5M, 10-25 years), business lines of credit, equipment financing, merchant cash advances (including MCA reverse consolidation), accounts receivable financing, asset-based loans, franchise financing, startup funding, government contract financing, and commercial real estate loans, with funding advertised within 24-48 hours. Underwriting is positioned around bank-statement-based criteria (minimum 3 months in business, $10K/month deposits) rather than traditional credit scores, explicitly targeting businesses declined by conventional banks.

The payments division is built on the CardConnect / First Data / Fiserv network, with the company operating as a registered ISO of CardConnect (bank sponsorship via Wells Fargo and Synovus). It distributes Clover POS hardware (Flex, Go, Mini, Station), the Cardpointe platform, a virtual terminal, mobile app, FD-150 terminal, ISMP4 device, and QuickBooks integration, supported by interchange-plus pricing and a cash discount program offering $0 processing fees. A more recent addition is a Wages On-Demand product via OrbisPay, extending into employer financial wellness.

The go-to-market combines a self-serve online application, dedicated Business Advisors for consultative selling, and a referral partner program paying 25% commissions to accountants, commercial bankers, wealth managers, and insurance brokers. Pricing is quote-based and varies by product, term, and qualification; the firm targets a long-tail of SMB verticals including restaurants, construction, medical practices, retail, staffing, trucking, hotels, salons, auto repair, landscaping, manufacturing, transportation, IT, wholesale, fitness, and liquor stores, all served domestically in the United States.

Name

Converge Capital Group

Legal name

Converge Capital Group, LLC

Website

https://converge-cg.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Short description

Converge Capital Group is a Virginia-based financial services firm offering alternative SMB lending (term loans, SBA, MCAs, lines of credit) and merchant payment processing through the CardConnect/Fiserv network, with Clover POS and a Wages On-Demand product via OrbisPay.

Ownership category

akta.pro rank

Product category

Alternative Lending and Payment Processing

SIC

Short-Term Business Credit Institutions (6153), Miscellaneous Business Credit Institution (6159), Loan Brokers (6163)

akta.pro primary industry

SME Lending Platforms & Embedded SME Credit (FSAKAGAJ)

akta.pro secondary industries

Merchant Cash Advance (MCA) & Revenue-Based Financing (FSAKAGAD), Merchant Services Aggregators & SMB Acquirers (FSAMABAK), SME Trade Finance & Working Capital (LCs, Guarantees, Receivables) (FSABABAF), SME Commercial Real Estate (CRE) Lending (FSABABAG), SME Lending & Working Capital Platforms (FSAGAJAA), Small Business Debt Consolidation & Refinance (Owner/SME) (FSAKAIAI)

Keywords

• Alternative business lending
• Working capital loans
• Merchant cash advances
• SBA loan financing
• Payment processing services

Headquarters

HQ city

Columbia

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Supply Chain

Revenue model

1. Working Capital Loans: Origination fees and interest charged on working capital loans ranging from $10,000 to $5,000,000 with terms of 6 months to 10 years. Payment terms can be automatic daily, weekly, or monthly deductions from business bank accounts.
2. Payment Processing Services: Transaction fees and interchange revenue from card processing. Offers customized interchange plus pricing, cash discount programs with $0 processing fees, and B2B Level II & III interchange optimization.
3. Merchant Cash Advances: Revenue from merchant cash advances using future sales. Typically 6-12 month terms with daily or weekly repayments based on business revenue.
4. Referral Commissions: Earn 25% commission on funded files from referred clients. Referrers include accountants, commercial bankers, wealth managers, and insurance brokers.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels4 records

Core offering

Converge Capital Group originates alternative business loans (working capital, term loans, SBA loans, lines of credit, equipment financing, merchant cash advances, accounts receivable and asset-based financing, franchise, startup, government contract, and commercial real estate loans) for SMBs turned down by traditional banks, with funding in 24-48 hours. The company also resells card payment processing services built on the CardConnect/First Data/Fiserv network, offering Clover POS systems, the Cardpointe platform, virtual terminal, mobile app, and QuickBooks integration.

Product overview

Converge Capital Group is a specialty business solutions provider offering a dual-platform portfolio: (1) Alternative Lending Solutions including Working Capital Loans, Term Loans ($10K-$5M), SBA Loans ($50K-$5M), Business Lines of Credit, Equipment Financing, Merchant Cash Advances, Accounts Receivable Financing, Asset Based Loans, Franchise Financing, Startup Funding, Government Contract Financing, and Commercial Real Estate Loans; and (2) Payment Processing Services built on the CardConnect/First Data/Fiserv network featuring Clover POS systems (Flex, Go, Mini, Station), Cardpointe Platform, Virtual Terminal, Mobile App, ISMP4 and FD-150 terminals, with QuickBooks integration. The company also offers Wages On-Demand through OrbisPay partnership for employee financial wellness.

Differentiator

Problem solved

Functional benefit

Products and services

• Term Loan

Quantifiable outcome

• Funds deposited within 24-48 hours in most cases after approval
• +1 more outcomes

Segments16 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature3 records

Partnerships

Four partnerships are on record, tiered core.

• First Data (Fiserv)coreTechnology or IntegrationFirst Data processing network partnership enables access to the largest card processing platform in the U.S. Now part of Fiserv, this partnership provides the infrastructure for Converge Capital Group's payment processing services.
• CardConnectcoreTechnology or IntegrationCardConnect is the payment processing platform used by Converge Capital Group. The company is a registered agent of CardConnect, LLC which is a registered ISO of Wells Fargo Bank N.A. and Synovus Bank.
• OrbisPaycoreStrategic or Co-development PartnerPartnership to provide Wages On-Demand solution to clients. OrbisPay fronts funds to employees, not employers, helping businesses improve employee retention, boost productivity, and reduce turnover costs. The solution is entirely free for employers.
• ClovercoreTechnology or IntegrationClover POS systems partnership offering customized point-of-sale systems with over 425 available applications. Includes Clover Flex, Clover Mini POS, Clover Station POS, and Clover Go mobile reader.

Scale indicators5 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Forward Financing: Revenue-based financing provider to underbanked SMBs, overlapping directly with Converge's MCA and working capital products for the same customer profile.
• Fundbox: Tech-forward SMB working capital and lines of credit provider; comparable target customer and product set, with stronger technology stack.
• BlueVine: Small business banking, lending, and payment platform offering lines of credit, term loans, and invoice factoring — a directly comparable dual credit + banking-services SMB fintech.
• Can Capital: Direct competitor in merchant cash advances and small business working capital, targeting similar bank-rejected SMBs with rapid funding — the closest analog to Converge's core lending offering.
• Lendio: SMB loan marketplace connecting applicants to multiple lenders across term loans, lines of credit, MCA, SBA, and equipment financing — mirroring Converge's multi-product broker model.
• Kapitus: Alternative SMB funder providing working capital, term loans, equipment financing, and SBA loans to underbanked businesses — a multi-product competitor with a similar target customer as Converge.
• National Funding: Alternative SMB lender offering working capital, equipment financing, and small business loans with a similar high-touch, multi-product broker style to Converge.
• OnDeck (Enova International): Online small business lender offering term loans and lines of credit with rapid funding; competes head-on with Converge's term loan and working capital products for SMBs.

Broad incumbents

• PayPal Working Capital: Embedded SMB working capital offering from PayPal targeting merchants on its payment platform — a broad incumbent that overlaps Converge's lending and payment processing value proposition.
• Square / Block: Large incumbent in SMB payments (Square) with embedded lending (Square Capital) and banking; competes with Converge on both the payments and lending sides but at vastly greater scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/converge-capital-group-llc

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Converge Capital Group