Five years ago, company president Mark Tomaselli encouraged his team to burn its bridges and create something bold and new that dramatically improves the borrower experience. The result is QuickFi.

QuickFi is a digital, secured lending platform serving banks and original equipment manufacturers (OEMs) to provide private-labeled, embedded B2B equipment financing at the point of sale. The self-service, 100% digital QuickFi platform costs one-third the cost of operating the legacy equipment finance business model while providing a nearly instant borrower self-service experience.

QuickFi provides B2B embedded equipment finance for global equipment manufacturers. In 2022, QuickFi added embedded insurance capabilities to its embedded finance offerings. Using APIs, QuickFi partnered with insurance providers to provide borrowers with insurance at the point of sale. Also in 2022, QuickFi brought to market its e-commerce solution, allowing global manufacturers selling equipment directly to businesses on the internet to integrate QuickFi term financing into the web shopping cart.

At QuickFi, innovation is about creating and perfecting an entirely new business model. QuickFi represents a borrower self-service business model that is 100% digital and has little in common with the legacy model that was been employed in equipment finance for decades.

The 2022 London Banking Tech Awards recognized QuickiFi as a finalist and as highly commended in the Best Use of IT for Lending award category and as a finalist in the Best Embedded Finance Initiative, Best Digital Initiative – Lending and Best Use of IT for Lending categories.

“At QuickFi, innovation is about creating and perfecting an entirely new business model.”