Industry

Triangle Equipment Finance Goes Live with LTi’s ASPIRE Express Platform

LTi Technology Solutions, a provider of lease and loan cloud platforms to equipment finance companies, announced Triangle Equipment Finance went live on its ASPIRE Express platform. read more

Alfa Unveils ‘Compose’ to Revolutionize User Experience for Asset Finance Operators

Alfa, a provider of asset finance technology solutions, released the first of six releases in Alfa Systems 6, an iteration of its software platform. The release introduced Compose, a new innovation designed to redefine the user experience for asset finance operators. read more

ELFF Elects New Officers, Adds New Trustees & Presents Research Award to Gerard

The Equipment Leasing & Finance Foundation announced the 2024 officers of its board of trustees, including Zack Marsh, CLFP, senior vice president of accounting and analysis at AP Equipment Financing as chair. read more

Mitsubishi HC Capital America Highlights 2024 Trends for Equipment Finance Industry

Mitsubishi HC Capital America identified five trends that are likely to play a significant role in shaping the equipment finance industry in 2024, including an increase in cash buyers, growth in cross-border deals, a continued increase in as-a-service financing and more. read more

QuickFi Wins Best Embedded Finance System at the 2023 Banking Technology Awards

QuickFi by Innovation Finance won the Best Embedded Finance System Award at the 2023 Banking Technology Awards in London. read more

CLFP Foundation Adds 21 New CLFPs

The Certified Lease & Finance Professional Foundation certified 21 individuals who recently passed the eight-hour online proctored CLFP exam. read more

First Citizens Bank Arranges $75MM in Financing for Turning Point Brands

First Citizens Bank’s asset-based lending business, part of the bank’s commercial finance group, served as co-collateral agent on $75 million in financing for branded consumer products company Turning Point Brands. read more

First Citizens Bank Arranges $99.3MM for Kayne Anderson Real Estate and Remedy Medical Properties

First Citizens Bank’s healthcare finance business completed two transactions totaling $99.3 million with joint ventures managed by Kayne Anderson Real Estate and Remedy Medical Properties. read more

Northteq Receives Stock Purchase Investment from Arthur Ventures

Northteq, a provider of Salesforce loan origination solutions and equipment finance software, received a stock purchase investment from Arthur Ventures, a Minnesota-based venture capital firm specializing in B2B software companies. read more

European Investment Bank Provides Financing to Support Iveco Group’s Decarbonization Efforts

The European Investment Bank agreed to provide €450 million ($492.69 million) in financing as the first tranche of up to €500 million ($547.43 million) in financing to Iveco Group to support the development of technologies for the decarbonization of the transportation sector. read more

Bibby Financial Services Chooses FGI T.R.U.S.T. for Bad Debt Protection

Bibby Financial Services, an independent UK invoice finance provider, chose FGI T.R.U.S.T. as its software platform for bad debt protection management and administration. read more

Equipment Finance Cares Hosts More Than 40 Professionals at Latest Event

Equipment Finance Cares held its fifth event of 2023 last week in Scottsdale, AZ, with more than 40 equipment finance professionals representing 24 different organizations in attendance. read more

Crossroads Equipment Lease and Finance to Match Employee Donations for GivingTuesday

Crossroads Equipment Lease and Finance will match its employee donations up to $1,500 to the charity of their choice as part of GivingTuesday on Nov. 28. read more

ELFA’s Monthly Leasing and Finance Index Shows 8% Y/Y Decrease in October New Business Volume

According to the Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index (MLFI-25), overall new business volume for October was $10.4 billion, down 8% year over year from new business volume in October 2022. read more

BMO Capital Markets Leads $250MM in Financing for Blue Bird

Blue Bird, a manufacturer of school buses, completed the refinancing of its credit facilities and entered into a new five-year credit agreement led by BMO Capital Markets. The new credit agreement provides for a $100 million term loan and a $150 million revolving credit facility. read more

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