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NewProducts

Company: Innovation Finance USA LLC
Product: QuickFi
Website: www.quickfi.com
Contact: info@quickfi.com

Finance equipment in a

flash with mobile app

nnovation Finance USA LLC created QuickFi, a 2. Users select financing structure and terms and choose
mobile-first solution designed to accelerate equip- a finance or rental structure accordingly. Users can view
ment financing while building transparency and loan interest rates and monthly payment plans to make
I trust. Using innovative technology and APIs, the an informed decision. There are never any hidden fees
platform converts a typical financing cycle from three or costs, and initial deposits are not required. Also, users
weeks to three minutes, according to company representa- will never pay additional fees for timely repayments.
tives. The self-service solution works on Android and iOS
devices. QuickFi users can upload invoices to the QuickFi 3. After reviewing transaction detail, users can complete
mobile app and e-sign digital applications. transactions with a digital signature inside the QuickFi
application on their connected devices. QuickFi requires
William Verhelle, CEO at Innovation Finance, who formerly only one digital signature. Documentation, stored on a
served for 20 years as CEO at First American Equipment private blockchain, is accessible through the mobile app.
Finance, started the digital-first company from scratch. Most vendors are paid on the next business day.
Together with company leaders, he built a disruptive
new model of equipment leasing and finance to eliminate Transparency, trust
portfolio conversions, staff training and other labor- In addition to being 100 percent self-service and 100 percent
intensive tasks. mobile, QuickFi provides open lines of credit to be used on
demand instead of on a project-by-project basis, Tomaselli
"QuickFi was really designed with the user experience stated. QuickFi is part of a new generation of fintechs
in mind," said Mark Tomaselli, president at Innovation that are changing the trillion dollar equipment finance
Finance. "The app provides transparency, convenience and industry, he added. Channel partners can leverage its real-
trust while giving clients more control and flexibility of the time underwriting and account onboarding tools.
equipment finance process."

Three steps, three minutes QuickFi also noted that it leverages biometric authentication,
digital authorization and artificial intelligence to protect
Traditional business equipment financing and acquisition customer data. The solution securely stores vendor
is a lengthy process that can take between 14 and 90 days invoices, financing agreements and payment records,
to complete, Tomaselli noted. It typically involves sales, all of which are accessible via the QuickFi mobile app.
credit approval, pricing, documentation, manual review, Amortization schedules and booking entries to set up new
approval decision and multiple signatures. Conversely, loans in accounting systems are also available through the
the QuickFi process takes three minutes and three steps, mobile application, along with 24/7 live chat and telephone
described by the company as follows: support.

1. Business owners upload or import unpaid invoices "Equipment financing transactions don't have to happen
into the QuickFi mobile app. Users can upload the between 8 and 5, Monday through Friday," Tomaselli
invoices from their Android and iOS cameras, directly said. "Customers can control the process from end to end,
from cloud storage or folders, or by emailing the invoices anywhere, anytime. The intersection between changing
to the secure QuickFi platform. customer preferences and advanced technology enables us
to reimagine how equipment financing is done."
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