QuickFi by Innovation Finance USA was named Best Overall LendTech Company in the annual FinTech Breakthrough Awards program conducted by FinTech Breakthrough, an independent market intelligence organization, for the second straight year.
“Commercial equipment finance is broken. Borrowers pay too much and the process takes too long. Banks and manufacturers’ have hitherto needed to acquire costly software as well as hire credit, operations, legal, customer service, and compliance employees in order to facilitate the buying of equipment. Long sale cycle times equate to much heavier financial burdens to the organization,” James Johnson, managing director of FinTech Breakthrough, said. “QuickFi is one-third the cost of operating legacy equipment finance business models, while also providing a nearly instant borrower self-service experience. The platform reduces costs, shortens equipment sale cycle times and improves borrower satisfaction. Congratulations for the second straight year on being ‘Best Overall LendTech Company!’”
“We’re thrilled to again be recognized with this award by FinTech Breakthrough. We set out to create a platform that would enable business equipment buyers to almost instantly establish and consummate business equipment leases and loans. Today, leading global equipment manufacturers use our patented system to initiate and complete equipment purchaser financing in just three minutes,” Bill Verhelle, CEO of QuickFi, said. “The one trillion dollar per year U.S. business equipment finance market is likely to change dramatically in the coming decade. Technology will transform the business model from a ‘sales model’ to a ‘borrower self-service model.’ This transition won’t be easy for banks and finance companies deeply invested in the legacy ‘sales model.’ QuickFi offers lenders the ability to quickly adopt a 100% mobile, digital, borrower self-service delivery model that provides massive cost and time savings and dramatically improves the borrower experience.”
