FinovateFall 2023 / QuickFi
Presenter Profile:
How they describe themselves: QuickFi increases equipment sales for global manufacturers. QuickFi provides nearly instant, self-service, 24/7 term financing to business equipment buyers. By offering a nearly instant, low-cost, self-service financing option, manufacturers make it easy for creditworthy companies to acquire new business equipment. Borrowers prefer the speed, accessibility, transparency, and service of the QuickFi platform, as evidenced by the growing reviews from TrustPilot.
How they describe their product/innovation: The demo showcases our latest technology, an eCommerce financing platform that is the first of its kind. The tool plugs directly into the manufacturer’s product web page. It allows business customers to not only browse for their business equipment, but also consummate the financing for it as they’re checking out – all within minutes instead of days or weeks under the traditional business equipment financing process.
Product distribution strategy: Direct to Business (B2B), Through financial institutions
Contacts:
Bus. Dev.: Bill Verhelle (Founder & CEO), bill@quickfi.com
Press: Joseph Vu (SVP Marketing), joe@quickfi.com
Website: quickfi.com
LinkedIn: linkedin.com/company/innovation-finance
Twitter: @innovation_fin
HQ: Fairport, NY, USA
Founded: January 2018
Product Demoed: QuickFi (new eCommerce capability)
Metrics: In 2021, QuickFi began providing new, business equipment financing for several global manufacturers selling equipment to SMB borrowers throughout the U.S. During that period, QuickFi loan volume grew by over 800%. A similar (8x) increase in QuickFi transaction volume is expected in 2022. In 2022, QuickFi announced an exclusive financing partnership with the third-largest construction equipment company in the world: XCMG (China). This program complements QuickFi’s recent partnerships with several other global companies including dental 3D printing manufacturer Ackuretta (Taiwan) and commercial air purifier manufacturer Molekule (USA), among others. QuickFi was founded by the founders and leaders of the highly successful, First American Equipment Finance business, which today operates as Royal Bank of Canada’s U.S. equipment finance company.
Presenters: Nate Gibbons, CXO | Jillian Munson, VP, Process & Automation
- Key Executives
Bill Verhelle (CEO), Mark Tomaselli (CTO), Mike Ziegelmann (CFO), Nate Gibbons (CXO), Courtney Dioguardi (SVP), Joe Vu (SVP Marketing)
Key Stats
- Key Investors
Bill Verhelle, Guy Klingler
- Key Partners
SANY America, Atlas Copco Compressors, XCMG America Financial, Johnson Controls, Ackuretta Technologies, Juniper Networks, Essentium, Busch Vacuum and others.