More Than Half of Restaurant Operators Are Planning Increase to Equipment Budgets

More than half of restaurant operators are planning to increase their equipment and supply budgets in 2023, and 67% plan to make kitchen equipment replacements, according to a new study released by the Equipment Leasing & Finance Foundation. read more

Alfa Announces Free Scope 3 Emissions Reporting

Alfa, the makers of Alfa Systems, a software platform for providers of asset finance, announced new functionality to help its customers track and report their portfolios’ Scope 3 greenhouse gas emissions. read more

EquipmentShare Completes $150MM Series E Equity Raise Extension

EquipmentShare completed an extension of its Series E equity raise, led by funds affiliated with BDT & MSD Partners. Through the extension, EquipmentShare raised an incremental $150 million from existing and new investors for a total of $440 million in Series E funding. read more

AP Equipment Financing Secures $200MM Credit Facility from Wells Fargo

AP Equipment Financing finalized a $200 million credit facility from Wells Fargo to capitalize on increasing demand from customers and dealer partners. read more

First Citizens Provides $29MM to Onicx Group to Refinance Medical Office Buildings

First Citizens Bank’s healthcare finance business, part of the CIT division, provided $29 million to Onicx Group to refinance two medical office buildings located on the campuses of Florida Trinity Hospital and Poinciana Hospital. read more

Xactus Now Offering PayNet’s Credit History Reports

Xactus, a provider of business data and intelligent insights to the equipment leasing/finance industry, is now offering credit reports from PayNet, powered by Equifax. read more

QuickFi Wins Best Embedded Finance Solution at 2023 Finovate Awards

QuickFi by Innovation Finance USA won the award for best embedded finance solution at the 2023 Finovate Awards. QuickFi was also selected as a finalist for best financial mobile app award. read more

Inovatec’s Metodiev to Speak at CFLA Annual National Conference in Québec City, QC

Bob Metodiev, head of business development at Inovatec Systems, a provider of cloud-based software solutions for lenders, will present a session at the Canadian Finance & Leasing Association’s annual national conference, which will be held Sept. 19-21 in Québec City, QC. read more

Northteq Upgrades Aurora Platform with AI, Fast Funding, Section 1071 Readiness Features

Northteq, a provider of Salesforce loan origination solutions, unveiled several upgrades to its Aurora platform, including the embracing of artificial intelligence technology and the introduction of intelligent application entry, Section 1071 borrower authentication and enhanced credit summaries. read more

LTi Technology Solutions to Host ESG-Focused Event with Propel Finance & Acquis Data Services

LTi Technology Solutions will conduct its second annual Leadership Live event on Sept. 21 in London. LTi will host the event, which will feature a focus on environmental, social and governance policies, alongside sponsors Propel Finance and Acquis Data Services. read more

Fortune Names First American Equipment Finance a Best Workplace in Financial Services & Insurance

Fortune and Great Place to Work named First American Equipment Finance one of 2023’s Best Workplaces in Financial Services & Insurance in the under 1,000 full-time employees’ category. read more

Amembal to Partner with Rinaldi Advisory Services

Sudhir Amembal, CEO of Amembal & Halladay, is returning to the U.S. to provide lease education to emerging industry leaders and their teams, as he will be joining Rinaldi Advisory Services. read more

Solifi Named on 2023 IDC FinTech Top 100

Solifi was named among the top 100 on the International Data Corporation’s 2023 FinTech Rankings. Now in its 20th year, this annual vendor ranking program recognizes the world’s top 100 hardware, software and service providers to the financial services industry. read more

5 Takeaways from ELFA’s Webinar on Building Inclusive Workplaces

The Equipment Leasing and Finance Association’s recent webinar, “Building Inclusive Workplaces: You’ve successfully recruited a diverse workforce, now what?” focused on an exploration of diversity, equity and inclusion principles. read more

Business Owner Optimism Reaches 21-Year High Despite Lingering Hiring Concerns

According to the most recent release of PNC’s semi-annual survey of small and mid-sized businesses, business owner optimism about the outlook for their businesses in the next six months has reached a 21-year high amid strong expectations for sales, profits and demand. read more

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