Key Takeaways
- • Elevex Capital appointed seven veteran equipment finance executives to its newly formed Advisory Board, representing leadership from PayNet/Equifax, Huntington Bank, U.S. Bancorp, GE Capital, KeyBank, Ivory Consulting, Accenture, and the ELFA.
- • The advisory board appointment follows Elevex's rapid first 15 months of operation, during which the company secured a $1 billion forward flow agreement with TPG, closed credit facilities with Wells Fargo and Woodforest Bank, and launched its Vendor Finance Group.
- • Advisory board members bring combined expertise in equipment finance, commercial banking, credit analytics, and fintech, with Rob Allanson (retired U.S. Bancorp and Huntington Bank executive) contributing over 40 years of commercial banking and equipment finance experience.
- • Elevex CEO Jeffry D. Elliott emphasized the board's operational depth, stating members have "started, scaled, or transformed an equipment finance business" and understand asset structures and capital markets dynamics.
- • The board will provide strategic counsel as Elevex scales its payment engineering platform and expands operations across the United States and Canada.
Summary
Elevex Capital, an equipment payment solutions company headquartered in Westlake, Ohio, announced the formation of its Advisory Board on April 13, 2026, appointing seven distinguished industry veterans to guide the company's strategic expansion. The appointments represent a significant governance milestone for the fintech-focused equipment finance platform as it transitions from launch phase to scaled operations.
The seven board members collectively represent leadership tenure across major financial institutions and industry bodies. Rob Allanson, a retired senior executive from both U.S. Bancorp and Huntington Bank, brings more than 40 years of commercial banking and equipment finance experience. The broader advisory board encompasses expertise from PayNet/Equifax, GE Capital, KeyBank, Ivory Consulting, Accenture, and the Equipment Leasing and Finance Association (ELFA), creating a multidisciplinary governance structure spanning banking, credit analytics, and financial technology.
Elevex founder and CEO Jeffry D. Elliott characterized the advisory board selection as focused on operational builders rather than prominent names alone, stating: "Every person on this board has started, scaled, or transformed an equipment finance business. They understand the assets, the structures, and the capital markets. That operational depth is what makes this advisory board different—and it's exactly what Elevex needs as we move from launch to scale."
The advisory board appointment occurs within a high-growth period for Elevex. Within its first 15 months of operation, the company secured a $1 billion forward flow agreement with TPG Capital, closed credit facilities with Wells Fargo and Woodforest Bank, and established its Vendor Finance Group. The advisory board will provide strategic counsel as Elevex continues scaling its payment engineering platform and expands market presence across the United States and Canada.
The seven board members collectively represent leadership tenure across major financial institutions and industry bodies. Rob Allanson, a retired senior executive from both U.S. Bancorp and Huntington Bank, brings more than 40 years of commercial banking and equipment finance experience. The broader advisory board encompasses expertise from PayNet/Equifax, GE Capital, KeyBank, Ivory Consulting, Accenture, and the Equipment Leasing and Finance Association (ELFA), creating a multidisciplinary governance structure spanning banking, credit analytics, and financial technology.
Elevex founder and CEO Jeffry D. Elliott characterized the advisory board selection as focused on operational builders rather than prominent names alone, stating: "Every person on this board has started, scaled, or transformed an equipment finance business. They understand the assets, the structures, and the capital markets. That operational depth is what makes this advisory board different—and it's exactly what Elevex needs as we move from launch to scale."
The advisory board appointment occurs within a high-growth period for Elevex. Within its first 15 months of operation, the company secured a $1 billion forward flow agreement with TPG Capital, closed credit facilities with Wells Fargo and Woodforest Bank, and established its Vendor Finance Group. The advisory board will provide strategic counsel as Elevex continues scaling its payment engineering platform and expands market presence across the United States and Canada.
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