XCMG America Financial announced its expansion of its North American financing platform into Canada, supported by QuickFi. The new XCMG program enables nearly instant loans and leases for XCMG equipment purchasers in Canada.

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

XCMG’s QuickFi financing platform utilizes proprietary embedded finance technology to make business equipment financing simpler, faster and more transparent.

Bill Verhelle, QuickFi CEO, said, “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. 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.”

XCMG enables creditworthy small and medium businesses to acquire and finance new XCMG equipment in minutes, from anywhere, 24/7.