QuickFI
QuickFi is an AI-powered embedded lending platform for business equipment financing. The platform enables banks and equipment manufacturers to offer digital, self-service financing from $5K to $5M to SMB borrowers, with AI agents handling credit, compliance, and servicing across all 50 US states and Canada.
- Company typePrivate
- Founded2018
- HeadquartersFairport, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What QuickFI does
QuickFi (legal entity: Innovation Finance USA LLC) is a privately held, AI-powered embedded lending platform for business equipment financing. Founded in 2018 by Bill Verhelle, who previously co-founded First American Equipment Finance (acquired by Royal Bank of Canada), the company operates from Fairport, NY and Naples, FL with 11-50 employees. QuickFi's platform connects FDIC-insured bank partners and equipment manufacturers (OEMs) to SMB borrowers, enabling digital equipment financing from $5,000 to $5,000,000 with regulatory compliance across all 50 US states and all Canadian provinces.
The core technology stack combines a patented embedded lending platform with five production AI agents (AI Sales Agent, Voice AI Agent, Insurance Verification, Vendor Due Diligence, and Competitive Intelligence) plus a production-ready Document Verification Agent. These agents automate credit decisioning, document verification via a three-tier OCR/LLM pipeline, insurance and compliance workflows, multilingual voice support, and competitive market monitoring. The platform integrates via API into partner systems of record in 2-3 weeks and is SOC 2 Type II certified.
QuickFi generates revenue through a per-transaction booking fee of $799 per booked contract plus a $20/month recurring servicing fee per active loan, with no spread or commission. As of the latest disclosures, the company has funded over $200 million in cumulative loans and serves thousands of SMB business borrowers. Distribution is exclusively B2B through white-label OEM and bank channels; named OEM partners include XCMG America Financial and Air-Tow Trailers. The company's go-to-market is anchored by an enterprise sales motion targeting bank executives and OEM finance directors.
QuickFI firmographics
Firmographics- Name
- QuickFI
- Legal name
- Innovation Finance USA LLC
- Website
- https://quickfi.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- QuickFi is an AI-powered embedded lending platform for business equipment financing. The platform enables banks and equipment manufacturers to offer digital, self-service financing from $5K to $5M to SMB borrowers, with AI agents handling credit, compliance, and servicing across all 50 US states and Canada.
- Ownership category
- akta.pro rank
QuickFI industry classification
Industry- Product category
- Embedded Lending Software
- NAICS
- Sales Financing (52222), Activities Related to Credit Intermediation (5223), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)
- SIC
- Services-Prepackaged Software (7372), Short-Term Business Credit Institutions (6153)
- akta.pro primary industry
- Embedded Lending & Credit (POS, Working Capital, Credit Lines) (FSAGALAD)
- akta.pro secondary industry
- Loan Servicing Platforms (Billing, Statements, Customer Self-Service) (FSAGAHAH)
Keywords
Where QuickFI is headquartered
LocationHeadquarters
- HQ city
- Fairport
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
QuickFI business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Per-Transaction Booking Fee: QuickFi charges $799 per booked contract for its end-to-end embedded lending platform. There is no spread, no commission, and no additional costs for credit declines or pre-booking services. This covers the full lending lifecycle from application through funding and initial servicing.
- Monthly Servicing Fee: $20 per month per active loan for ongoing servicing, billing, collections, and customer support throughout the loan lifecycle.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | $799 per booked contract |
| Subscription | Monthly | $20 per month ongoing servicing |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
QuickFI product offering
Product offeringCore offering
QuickFi is a patented, AI-powered embedded lending platform that enables banks and equipment manufacturers (OEMs) to offer end-to-end, self-service business equipment financing at the point of sale. Borrowers complete applications, credit decisions, documentation, funding, and ongoing servicing through a single digital platform supported by multiple live agentic AI agents. QuickFi handles origination, compliance, and servicing while partner banks retain interest income and OEMs add captive finance capability without building infrastructure.
Product overview
QuickFi is a single, unified embedded lending platform for business equipment financing, combining an AI-powered core platform with multiple specialized AI agents. The main QuickFi Embedded Lending Platform handles end-to-end digital equipment financing from application through servicing. The product portfolio includes five live AI agents: AI Sales Agent, Voice AI Agent, Insurance Verification Agent, Vendor Due Diligence Agent, and Competitive Intelligence Agent. Additional modules include the Document Verification Agent (production-ready) and QuickFi Prime for business credit health. The platform is offered as white-label solutions for both banks and OEMs, all powered by the same underlying AI infrastructure developed through the QuickFi Innovation Lab in partnership with Cornell University.
Differentiator
Problem solved
Functional benefit
Products and services
- QuickFi Embedded Lending Platform Patented, AI-powered end-to-end platform for 100% digital business equipment financing covering onboarding, credit decisioning, documentation, compliance, funding, billing, collections, and servicing within a single integrated system.
- AI Sales Agent Live autonomous agent that handles inbound sales inquiries, qualifies prospects, answers detailed product questions, and schedules live demos 24/7 without human intervention by drawing from QuickFi's complete product knowledge base.
- Voice AI Agent Live multilingual voice support agent built on 5,000+ hours of real support call data; handles customer, vendor, and partner inquiries 24/7 and transfers to human agents with full conversation context.
- Insurance Verification Agent Autonomous AI agent that manages insurance certificate requests and ongoing verifications, automating document intake, extraction, verification, and multi-channel communications across text, email, and voice channels.
- Vendor Due Diligence Agent AI agent that automates background checking of equipment vendors, verifying legitimacy, screening against watchlists, and producing compliance-ready reports without human intervention.
- Competitive Intelligence Agent AI agent that continuously monitors the competitive landscape in equipment finance, tracking market movements, competitor offerings, and industry trends, and combines insights from multiple LLM models to summarize competitive pricing and financing options.
- Document Verification Agent Three-tier AI pipeline for credit underwriting that ingests, parses, classifies, and cross-verifies financial documents using keyword classification, OCR extraction (Tesseract, Poppler, PyMuPDF), and Claude API reasoning; cross-verifies legal name, address, EIN, and ownership against credit applications.
- QuickFi Prime Borrower-facing service giving business borrowers an in-depth view of their business credit health and a line of credit for future equipment financing transactions.
Quantifiable outcome
- 67% lower per-transaction cost than industry average ($799 vs $2,407)
- +5 more outcomes
Companies that use QuickFI
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles3 records
QuickFI technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability10 records
Feature6 records
QuickFI partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core.
- Cornell FinTech ClubcoreA 13-member Cornell FinTech Club team (3 Product Managers, 2 Business Analysts, 8 Software Engineers) designed and delivered the Document Verification Agent — a three-tier AI pipeline for credit underwriting document processing. This is the third agent delivered through the QuickFi Innovation Lab Cornell partnership.
- Air-Tow TrailerscoreAir-Tow Trailers, a manufacturer of single and tandem axle drop-deck trailers, launched a national digital captive finance program in partnership with QuickFi. QuickFi handles all credit underwriting, funding, compliance, and customer service on Air-Tow's behalf. The program enables near-instant lease and loan processing with fixed rates at the point of sale, serving dealers across all 50 U.S. states and Canada. Features include mobile servicing and 24/7 live customer support.
- American Fintech Council (AFC)coreQuickFi joined the American Fintech Council (AFC), the largest industry association representing both responsible fintech companies and innovative banks. AFC membership provides access to a network of financial leaders focused on advancing operational efficiency and responsible innovation, and promotes access to capital for small and medium-sized businesses.
- Cornell University Generative AI ProgramcoreQuickFi partners with Cornell University's Generative AI program through the QuickFi Innovation Lab. Top Cornell students collaborate with QuickFi business leaders on real-world AI projects for equipment finance. Projects include the Insurance Verification Agent, Vendor Due Diligence Agent, and Document Verification Agent. The program provides mentorship from founders with prior successful commercial finance exits and access to the $1.34 trillion equipment finance ecosystem.
- XCMG America FinancialcoreXCMG America Financial uses QuickFi's embedded lending platform to offer point-of-sale equipment financing to customers purchasing XCMG equipment. Customer testimonial highlights real results from real customers using the platform for equipment financing.
Scale indicators6 records
Recent moves7 records
Expansion highlights6 records
QuickFI competitors and assessment
Company assessmentDirect peers
- Marlin Capital Solutions: Marlin provides equipment financing and working capital to small businesses, overlapping directly with QuickFi's core SMB equipment lending focus.
- Balboa Capital: Balboa Capital is a direct competitor providing equipment financing and working capital loans to SMBs across the U.S., operating a similar small-ticket equipment lending model that QuickFi is digitizing.
- Leaf Commercial Capital: Leaf offers equipment financing and leasing programs for OEMs and dealers, competing head-to-head with QuickFi's point-of-sale embedded lending proposition.
Broad incumbents
- Mitsubishi HC Capital: Mitsubishi HC Capital is a large equipment leasing and financing incumbent serving OEMs and end customers globally, a broader competitor to QuickFi's embedded equipment lending.
- DLL Group: DLL is a global vendor finance and equipment leasing company (Rabobank subsidiary) with broad equipment finance offerings that overlap with QuickFi's OEM point-of-sale financing.
- Odessa Technologies: Odessa provides lease and loan accounting/management software used by equipment finance lessors, broadly competing with QuickFi's end-to-end embedded platform at the software layer.
- Aspire Systems (LTi): Aspire's LTi platform provides lease origination and servicing software for equipment finance companies, representing the incumbent software stack that QuickFi's unified platform is displacing.
- Stripe Capital: Stripe Capital offers embedded working capital financing to platform merchants, demonstrating the broader embedded lending model QuickFi applies to equipment OEMs.
Emerging players
- Currency: Currency builds embedded financial infrastructure for SMBs, including working capital and equipment financing, overlapping with QuickFi's embedded lending model from a fintech-infrastructure angle.
- Parafin: Parafin provides embedded lending and capital products to SaaS platforms, sharing QuickFi's embedded-finance DNA but with broader capital-product ambitions.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat7 records
Key risks6 records
Key highlights7 records
Customer concentration
QuickFI social profiles
Digital presenceQuickFI compliance and trust
Trust signalCompliance9 records
QuickFI financial estimates
Financial estimateRevenue estimate
Valuation estimate
QuickFI leadership team
Management profileNumber of profiles
Profiles8 records
QuickFI funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
QuickFI M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about QuickFI
What does QuickFI do?
QuickFi is a patented, AI-powered embedded lending platform that enables banks and equipment manufacturers (OEMs) to offer end-to-end, self-service business equipment financing at the point of sale. Borrowers complete applications, credit decisions, documentation, funding, and ongoing servicing through a single digital platform supported by multiple live agentic AI agents. QuickFi handles origination, compliance, and servicing while partner banks retain interest income and OEMs add captive finance capability without building infrastructure.
Is QuickFI a public or private company?
QuickFI is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was QuickFI founded?
QuickFI was founded in 2018. It employs 11 to 50 people.
Where is QuickFI based?
QuickFI is headquartered in Fairport, United States, in the North America region.
How does QuickFI make money?
Two revenue lines are on record. Per-Transaction Booking Fee is the primary driver. The others are monthly Servicing Fee.
Who are QuickFI's main competitors?
Direct peers on record are Marlin Capital Solutions, Balboa Capital and Leaf Commercial Capital. Broad incumbents are Mitsubishi HC Capital, DLL Group, Odessa Technologies, Aspire Systems (LTi) and Stripe Capital. Emerging players are Currency and Parafin.
Does QuickFI have an API?
Yes. QuickFi provides a simple API integration for bank and OEM partners to connect to their embedded lending platform. Partners can integrate via API to their existing core banking and loan origination systems with no rip-and-replace required. The platform is described as being "live in 2-3 weeks" with "Simple API integration into your system of record." No specific technical documentation URL, authentication method, rate limits, or SDK details are publicly available.
What industry is QuickFI in?
QuickFI's product category is Embedded Lending Software. Its primary akta.pro industry code is FSAGALAD, Embedded Lending & Credit (POS, Working Capital, Credit Lines), with a secondary code of FSAGAHAH, Loan Servicing Platforms (Billing, Statements, Customer Self-Service). Its NAICS code is 52222 and its SIC code is 7372.