top of page

SuperFast Capital Inc. & Alternative Capital Group: The Customer Facing "Funder"

  • MCA Exposed
  • May 31
  • 5 min read

Updated: Oct 22

The following summarizes allegations contained in a federal lawsuit. The defendants dispute these allegations. As of the writing of this article, no court has yet ruled on these claims.

Who they are (as alleged):

Our complaint says SuperFast Capital was the face of the deal. They claim to be the "Funder" and filed a UCC lien against our business. SuperFast branding, logo, contact info, and name all appear in the initial funding agreement.


Further, when contacting customer service, all communications appear with the branding SuperFast Capital. However, it was later to be discovered that another company was actually conducting the customer service. (The customer service company, referred to as "Merchant Support" in later documents, is Cure Payment Recovery Solutions LLC.)


What we were told and shown (as alleged):

We got DocuSign addenda that used the SuperFast logo. It was “signed” by “Jason Caldwell” as legal. Later, SuperFast’s support looked at the addendum and told us, “That is fraud.” They also said there was no employee named “Matt Owens.” 


SuperFast Capital claimed on phone calls and emails to be the company who our loan was being held by.


It was discovered through the whistleblower that there was only one employee of SuperFast Capital: Andrew Baldwin.


The Funding Call (as alleged):

SuperFast, through its "Merchant Support" company, completed a verification call before money went out.


It was this call that we were coached by the broker to say “no” if asked about more funding rounds. This was because the broker (EZ Advance LLC and Gabriel Shamuelov) had made it clear this funding call was only pertaining to the inital round of funding, and that the second and third rounds of funding were already approved.


Therefore, on the call, we asked if any additional funding had been promised, we answered no.


The deal then went through. (We allege this coaching by Gabriel was pre-meditated, and hid the truth from SuperFast Capital. It was Gabriel's only way to ensure the deal would be approved.)


The Funding Contract (as alleged):

The Funding Contract, referred to as "Revenue Based Factoring (RBF/ACH) Agreement, contained the SuperFast Capital logo at the top of the first page. However, this is the only location the name of "SuperFast Capital" is displayed. A different company is listed as the "Funder": Alternative Capital Group LLC, with an address of 85 Delancey St, New York, NY 10002.


Superfast Capital is not listed in any sections of the agreement.


Unauthorized UCC-1 Filing (as alleged):

A UCC-1 was filed naming SuperFast Capital Inc., as Secured Party. Our complaint says SuperFast Capital was not the contracting funder, so it had no authorization to file that lien.


The filing used the name Joseph Vaknen for SuperFast Capital, even though he was deceased about 1 year prior to the UCC-1 being filed.


Fraud Revealed (as alleged):

When the next round never came, we called SuperFast merchant support. Their phone number was listed on their website as (866) 355-2140.


Our initial call was answered by an Elisa L., who stated that “Matt Owens” did not work there. After reviewing the details of our loan, she confirmed, "Yes, that is correct Matt Owens or Jason Caldwell are not employed with SuperFast Cap.


And no, the 'Addendum to the Funding Agreement' wasn’t created or authorized by our company that was typed up fraudulently."


Another staff member by the name of Lauren Esposito, Director of Merchant Support, later checked records and said the broker on file was EZ Advance LLC, and “Matt Owens” appeared in their system as the EZ Advance broker tied to my file.


Fraud Response (as alleged):

After SuperFast Capital was sent a demand letter, Andrew Baldwin reached out to our company in response.


He deflected all liablity of the claims of fraud to EZ Advance LLC. He stated that, "EZ Advance fabricated non-existent post-funding options that were never available to you."


He then offered a conditional rescission: return all principal within 5 days of his letter and they would release the loan. However, his letter closed with, "Should you choose to block or interfere with our continued attempts to collect under the terms of the agreement, such action would constitute an Event of Default as outlined in your contract.


This would trigger additional default-related fees and may result in legal action to enforce the terms of the agreement."


We allege this was a pressure tactic to make us go away, not a real fix.


Alternative Capital Group is SuperFast Capital (as alleged):

Lastly, he even signed off his letter as, "Superfastcap / Alternative Capital Group LLC". We allege in our complaint that Alternative Capital Group LLC is only a paper funder. It is a company that only exists to be a name on contracts.


We allege that Alternative Capital Group LLC did not actually produce any funds for our Agreement, and therefore cannot be a true "Funder".


What this means (as alleged):

  • SuperFast’s brand and processes gave the deal legitimacy

  • SuperFast used anothed company name (Alternative Capital Group LLC) in the funding agreement

  • The verification call did not catch coaching

  • The addendum with their logo was later called fraud by their own support

  • The UCC-1 filing by SuperFast was not authorized by any agreement we signed

  • The 5-day rescission kept pressure on us while collections continued


The bottom line about SuperFast Capital and Alternative Capital Group (as alleged):

Our complaint says that SuperFast Capital is the front facing brand to merchants for this Merchant Cash Advance Pipeline. They are responsible for executing the agreement, coordinating the funding call, coordinating legal responses, and being the main company that the merchant sees.


We allege that while SuperFast Capital is the company that Andrew Baldwin is employed by, the name Alternative Capital Group LLC is used as a paper funder. Doing this is an attempt to remove the brand SuperFast Capital from any contracts.


Lastly, we allege that because the funding agreement was with "Alternative Capital Group", and no designations were given to SuperFast Capital, the UCC-1 filed by SuperFast Capital is unauthorized.


Want to check the details yourself?

This post summarizes our allegations. Read the filed complaint for the full story and exhibits. (Allegations only; the Court will decide.) 



If this happened to you: 

Please make a mca fraud report so we can track patterns and help other merchants.


The Alleged Company Information

(All information below is publicly available and is only listed for your convenience):

Legal Protections Against MCA Fraud

Visit MCAExposed, a platform dedicated to exposing merchant cash advance scams, to share your experience and stay informed about fraudulent lenders.





Have You Faced MCA Fraud?

If you or someone you know has been misled, overcharged, or trapped by a merchant cash advance, you are not alone. MCA Exposed is collecting reports to shine a light on these practices and hold the industry accountable. Your story can help protect other small businesses.

bottom of page