HB Lease has sold a controlling interest in its technology platform that facilitates CRM, administration and billing services for originators and vendors to QuickBucks.
HB, along with the Chesswood Group, owns Vault Credit, a non-bank owned equipment leasing company in Canada that also specializes in commercial lending.
“We are excited to announce the sale of our technology platform to QuickBucks,” Daniel Wittlin, CEO of Vault and HB, said. “This allows us to sharpen our focus on our core lending businesses. We are confident that QuickBucks is the right partner and will continue to grow and improve the platform.”
“We are thrilled about the acquisition of Vault’s technology platform,” Jeffrey Roebuck, CEO of QuickBucks, said. “This will allow us to expand our footprint in the technology sector and enhance our overall value proposition to our customers.”
