QuickFi has been selected as “Best Overall LendTech Company” in the 8th annual FinTech Breakthrough Awards program conducted by FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global FinTech market today.
QuickFi is a digital secured lending and equipment leasing platform serving banks and original equipment manufacturers (OEMs) to provide private-labeled business equipment financing at the point of sale. The self-service mobile digital platform is cost-effective and provides a nearly instant borrower self-service experience. In a growing universe of unsecured embedded finance lending solutions, QuickFi is the only provider of an embedded finance solution for secured lending, in the $1 trillion per year US business equipment financing market.
With QuickFi, creditworthy businesses can obtain low, fixed-rate term equipment financing in minutes with transparent terms and conditions and 24/7 access. After user authentication, business borrowers complete their financing in three simple steps. QuickFi is also color- and gender-blind, relying only on objective borrower credit data for credit decisions. QuickFi serves small business borrowers regardless of proximity to urban banking services, and every borrower receives interest rate disclosures on all business loans.
Additionally, QuickFi incorporates artificial intelligence, machine learning, blockchain, facial recognition, as well as other emerging mobile, cloud, and data technologies to empower their embedded finance business model. Recently, the company has added several global manufacturers to its partnership roster, as well as new funding partnerships with several US banks. In addition, QuickFi has begun expansion of its platform into Canada.
“QuickFi has served to improve the SMB/SME business borrower experience dramatically. Smaller business owners are often faced with abusive business equipment lease and loan terms, and met with equipment financing contracts that conceal a variety of hidden costs,” said Steve Johansson, Managing Director, FinTech Breakthrough. “By offering a transparent, fast, and accessible solution, QuickFi empowers small and medium business borrowers to finally be able to take control of the financing process. We’re pleased to name QuickFi ‘Best Overall LendTech Company’ as they enable businesses of all sizes to acquire the equipment they need to grow.”
The FinTech Breakthrough Awards is the premier awards program founded to recognize the FinTech innovators, leaders and visionaries from around the world in a range of categories, including Digital Banking, Personal Finance, Lending, Payments, Investments, RegTech, InsurTech and many more. In addition to QuickFi, prior winners include JP Morgan, FIS, Jack Henry and Moody’s Analytics.
“We appreciate this recognition from FinTech Breakthrough. It highlights our goal of helping SMBs reduce cost and efficiently access capital to grow their businesses. We designed QuickFi for business decision makers,” said Bill Verhelle, CEO and cofounder of QuickFi. “We are also giving banks and manufacturers’ embedded finance lending capabilities not available elsewhere, and together, we can revolutionize the B-to-B secured lending delivery model by instilling trust and transparency into every QuickFi digital lease and loan.”