TFS Financial launched “Equipment Financing Powered by TFS,” a new program developed specifically for WEX, a global company in intelligent payment solutions. The program will provide WEX Over-the-Road customers with access to equipment financing directly through TFS, an independent financial solutions provider. The program is designed to help trucking and transportation businesses secure the capital they need to accelerate growth via a more straightforward process than traditional bank loans.
TFS Financial’s multi-lender platform utilizes the company’s proprietary match engine technology to connect borrowers with optimal financing providers based on credit, desired asset, term and other factors. The result is support for a broad range of credit profiles and a process that is significantly faster and easier than traditional bank lending.
“WEX is a globally respected platform that shares our focus on operational efficiency and customer experience,” Aaron Case, president of TFS, said. “With this program, we’re enabling WEX customers to access capital through a modern, technology-enabled financing experience that helps them quickly acquire the equipment they need to grow their businesses. We’re excited to build a scalable program that delivers real value to WEX customers and partners.”
Tim Hampton, senior vice president and general manager, fleet at WEX, added, “WEX is focused on helping fleets operate with greater visibility, control, and financial flexibility as they grow. Our agreement with TFS Financial expands the resources available to customers by providing a more streamlined path to equipment financing, helping them make confident decisions and keep their businesses moving forward.”
