XCMG America Financial is expanding its North American financing platform into Canada, supported by QuickFi.

“We are delighted to announce XCMG’s expansion into Canada,” Gengzong Qiu, CEO of XCMG America Financial, said. “We are pleased to bring our unique, digital, embedded finance solution to Canadian business customers.”

“XCMG America was early to recognize the embedded finance revolution that swept through consumer payments and unsecured lending. Embedded finance is now revolutionizing secured business equipment lending,” Bill Verhelle, CEO of QuickFi, said. “XCMG is the first construction equipment manufacturer to offer QuickFi’s nearly instant, borrower-self-service financing to Canadian small and medium business borrowers at the point of sale.”