About Us
Velocity Funding LLC was founded in 2007 as a Merchant Services Independent Sales Organization that specializes in purchasing credit card residual streams and merchant portfolios. We are unique because we only buy payment processing accounts from Agents and ISO’s without requiring them to board new accounts.
Velocity Funding provides the Merchant Level Salesperson, Agent or ISO with instant cash to invest, pay down debt or retire without disrupting merchant relationships. Velocity has a light approach when dealing with Merchants after the sale. We only step in to fix an issue or to improve existing service.
Velocity Funding was founded by two entrepreneurial brothers with an extensive financial business background. After many years as Mortgage Originators, they started HomeVest Mortgage Corporation in 1992 and grew it to one of the largest privately held Mortgage Company in New England. In 2006 they sold HomeVest Mortgage to a public company and started Velocity Funding LLC. They also started, grew and sold an ATM subsidiary in 2017.
Dean Caso
Dean Caso graduated from Babson College in 1983 with a Bachelor’s in Finance and Investments. He has been a frequent national speaker in the lending industry. Utilizing his over 35 years of experience, Mr. Caso has acquired over 300 credit card processing portfolios. With an eye for opportunity and an unmatched commitment to excellence, Dean has steered Velocity Funding to new heights. His leadership inspires confidence and fosters innovation in every deal.
Dave Caso
David Caso graduated from the University of Massachusetts at Amherst in 1986 with a BA in Economics. He has over 30 years of financial experience. Caso is an expert at acquiring portfolios and has developed the proprietary software that Velocity uses to analyze portfolios.. Before entering the financial services industry, David was a Captain in the U.S. Marine Corps. His impact is far-reaching.
Company Achievements &
Industry Experience:
303
739
739
$17,974,122
$1,348,702
$1,254,288,774
$4,045,840
Founder’s Message:
Velocity has an impeccable reputation because we care about the Seller, Merchant and Processor. All are crucial to our success. Our main source of future portfolio purchases come from past agents, ISO’s and Processors. Our honesty, fairness and flexibility provide the Seller with a great deal, the Merchant with continued excellent service, the Processor with a sticky portfolio and Velocity with a fair return on our investment. Everyone wins when you team up with Velocity Funding!
We are committed to adhering to our agreements, whether it is the sales contract with the seller, processor, or the merchant. You have our commitment to the deal from beginning to end.
