RCAP Leasing
RCAP Leasing Inc. is a Canadian equipment financing and leasing company and wholly-owned subsidiary of Royal Bank of Canada, headquartered in Burlington, Ontario. It provides customized leasing solutions across SMBs, enterprises, healthcare, and construction/agriculture/transportation through its MyFolio digital platform and specialist sales, broker, and equipment supplier channels.
- Company typePrivate
- Founded1970
- HeadquartersBurlington, Canada
- Headcount101–250
- GTM typeB2B
- OfferingServices
What RCAP Leasing does
RCAP Leasing Inc. is a Canadian equipment financing and leasing company operating as a wholly-owned subsidiary of Royal Bank of Canada, headquartered at 5575 North Service Rd., Suite 300 in Burlington, Ontario. Founded approximately in 1970, the company claims more than 50 years of leasing experience and serves customers across SMBs through Fortune 500 enterprises, with dedicated specialist teams serving Construction/Agriculture/Transportation (CAT) and Healthcare verticals, plus Government, Not-for-Profit, and Franchise segments. The core product is MyFolio, a self-serve digital platform available on desktop, laptop, tablet, and smartphone that enables real-time customer lease quote creation, direct application submission to RCAP's credit team with fast credit decisions, and ongoing portfolio management including 90-day expiry notifications and trade-up/buyout quotes. RCAP supplements this technology platform with industry-specialized financing structures such as Skip Payment Plans, ABC Addendum leases, Conditional Sales Contracts, and Master Lease arrangements with progress payments to multiple suppliers.
RCAP distributes its equipment financing solutions through a four-channel model: (1) direct sales via dedicated RCAP Leasing Specialists assigned across customer segments and verticals, (2) equipment supplier partnerships with manufacturers and dealers who embed RCAP into their sales motion, (3) a broker partner network that uses MyFolio as a workflow tool, and (4) self-serve digital onboarding through MyFolio. Revenue is generated primarily through recurring periodic lease payments (monthly, quarterly, semi-annual, or annual), end-of-lease buyouts and trade-ups, asset protection fees, and small invoice fees for non-PAD customers. Pricing is fully customized per contract based on equipment value, term, payment frequency, and creditworthiness; rates are not publicly disclosed. Geographic reach is primarily Canadian, with equipment confined to Canada, though U.S. customers have accessibility and RBC Bank cross-border services including no-fee U.S. ATM access.
As a private subsidiary of one of Canada's largest financial institutions, RCAP does not publish standalone financials, has no independent fundraising history, and operates without recent M&A or restructuring signals in the available data. Its competitive position rests on capital backing from RBC, multi-decade brand reputation in Canadian equipment leasing, breadth of industry verticals served, and the MyFolio platform that creates workflow stickiness for brokers and suppliers. Customer concentration appears distributed across SMBs, enterprises, healthcare providers, and CAT customers with no named anchor client disclosed, and the GTM emphasis is on relationship-led specialist sales supported by digital self-serve tools rather than on paid acquisition or consumer marketing.
RCAP Leasing firmographics
Firmographics- Name
- RCAP Leasing
- Legal name
- RCAP Leasing Inc.
- Website
- https://rcapleasing.com
- Company type
- Private
- Founded year
- 1970
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- RCAP Leasing Inc. is a Canadian equipment financing and leasing company and wholly-owned subsidiary of Royal Bank of Canada, headquartered in Burlington, Ontario. It provides customized leasing solutions across SMBs, enterprises, healthcare, and construction/agriculture/transportation through its MyFolio digital platform and specialist sales, broker, and equipment supplier channels.
- Ownership category
- akta.pro rank
RCAP Leasing industry classification
Industry- Product category
- Equipment Leasing & Financing
- NAICS
- Commercial and Industrial Machinery and Equipment Rental and Leasing (5324), Office Machinery and Equipment Rental and Leasing (532420), Other Commercial and Industrial Machinery and Equipment Rental and Leasing (53249)
- SIC
- Finance Lessors (6172)
- akta.pro primary industry
- Equipment & Tool Leasing (Consumer) (FSAKANAF)
- akta.pro secondary industry
- Leasing & Lease Buyout Financing (FSAKADAC)
Keywords
Where RCAP Leasing is headquartered
LocationHeadquarters
- HQ city
- Burlington
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
RCAP Leasing business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Equipment Leasing: RCAP Leasing generates revenue through equipment leasing arrangements where they own the equipment during the lease term. Revenue comes from periodic lease payments (monthly, quarterly, semi-annual, or annual) plus buyout options, late fees, and invoice fees. Payment frequency is determined at contract signing and cannot be changed once booked.
- Lease Buyouts and Trade-ups: Revenue generated when customers exercise buyout options at end of lease or upgrade to new equipment. Buyout amounts are calculated based on payments remaining plus buyout option plus applicable fees as per Terms and Conditions.
- Asset Protection Fees: Fees automatically added to lease contracts when equipment insurance confirmation has not been received through another provider, protecting the leased assets.
- Invoice Fees: A $5.00 fee charged to cover the cost of generating invoices for customers not set up on Pre-Authorized Debit (PAD).
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Standard Equipment Lease |
| Other | Multi-year contract | Construction, Agriculture, Transportation (CAT) Solutions |
| Other | Multi-year contract | Healthcare Equipment Financing |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels4 records
RCAP Leasing product offering
Product offeringCore offering
RCAP Leasing provides equipment financing and leasing solutions to businesses and professionals across Canada, enabling customers to acquire technology, equipment, and tools without large capital outlays. Core offerings include equipment acquisition financing, vendor/manufacturer financing programs, master lease financing, skip payment plans, and conditional sales contracts, delivered through direct specialist sales, equipment supplier and broker channel partnerships, and the proprietary MyFolio self-serve digital platform.
Product overview
RCAP Leasing is a wholly-owned subsidiary of Royal Bank of Canada offering equipment financing and leasing solutions. The company's primary digital offering is the MyFolio platform, which provides real-time lease quotes, credit application processing, and portfolio management capabilities for equipment suppliers, brokers, and end-user customers. RCAP Leasing serves diverse sectors including office equipment, technology, telecommunications, information technology, manufacturing, material handling, construction, agriculture, transportation, healthcare, and more through specialized financing products including equipment acquisition financing, vendor/manufacturer financing programs, master lease financing, skip payment plans, and conditional sales contracts.
Differentiator
Problem solved
Functional benefit
Brands
- MyFolio: RCAP Leasing's flagship digital platform for equipment brokers that enables instant lease quotes, application submission, credit decisions, and portfolio management. Available on desktop, laptop, tablet, and smartphone.
Products and services
- MyFolio Digital Platform
Companies that use RCAP Leasing
Customer profileSegments8 records
Ideal customer profiles6 records
RCAP Leasing technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
RCAP Leasing partnerships and signals
Strategic signalScale indicators3 records
Recent moves5 records
Expansion highlights6 records
RCAP Leasing competitors and assessment
Company assessmentBroad incumbents
- TD Equipment Finance: Equipment financing arm of Toronto-Dominion Bank in Canada. Comparable as a fellow Big Six Canadian bank-owned equipment lessor competing for similar customer segments and equipment finance deals.
- Element Fleet Management: Large publicly traded Canadian fleet management and vehicle leasing company. Comparable as a bank-affiliated Canadian lessor, though more focused on commercial vehicle fleet services than diversified equipment leasing.
- John Deere Financial: Captive finance division of John Deere, providing leasing and financing for agricultural and construction equipment. Comparable as an OEM captive competing for the same CAT vertical customers that RCAP serves.
- Caterpillar Financial Services: Captive finance arm of Caterpillar, financing construction and heavy equipment globally. Comparable as an OEM-affiliated lessor for construction/agriculture/transportation equipment, representing the type of captive program that competes with bank-owned lessors.
Direct peers
- Dext Capital: U.S. equipment finance company specializing in vendor and direct equipment financing for healthcare, technology, and industrial equipment. Comparable in vertical specialization and equipment leasing model.
- CWB National Leasing: Canadian equipment financing company owned by Canadian Western Bank, offering lease and loan products across multiple equipment categories. Directly comparable Canadian bank-owned equipment lessor serving similar SMB and mid-market customers.
- GreatAmerica Financial Services: U.S.-based equipment financing company serving verticals including office technology, healthcare, and industrial equipment via broker and vendor channels. Comparable in multi-vertical B2B equipment leasing model and reliance on broker/dealer origination.
- DLL (De Lage Landen): Global vendor finance and equipment leasing company owned by Rabobank, financing equipment across agriculture, food, healthcare, and technology. Directly comparable as a bank-owned captive lessor serving similar vertical mix with multi-channel broker and supplier distribution.
- North Star Leasing: U.S.-based equipment finance company founded by GE Capital alumni, offering leasing for various equipment types through broker channels. Comparable in equipment leasing focus and broker-driven distribution.
- Meridian OneCap Credit Corp. Canadian equipment leasing subsidiary of Meridian Credit Union, providing equipment financing solutions to businesses across multiple sectors. Direct Canadian competitor with similar bank/credit-union-owned structure and equipment leasing focus.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
RCAP Leasing social profiles
Digital presenceRCAP Leasing financial estimates
Financial estimateRevenue estimate
Valuation estimate
RCAP Leasing leadership team
Management profileNumber of profiles
RCAP Leasing funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
RCAP Leasing 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 RCAP Leasing
What does RCAP Leasing do?
RCAP Leasing provides equipment financing and leasing solutions to businesses and professionals across Canada, enabling customers to acquire technology, equipment, and tools without large capital outlays. Core offerings include equipment acquisition financing, vendor/manufacturer financing programs, master lease financing, skip payment plans, and conditional sales contracts, delivered through direct specialist sales, equipment supplier and broker channel partnerships, and the proprietary MyFolio self-serve digital platform.
Is RCAP Leasing a public or private company?
RCAP Leasing is a private company. It is classified as corporate owned and is currently operating.
When was RCAP Leasing founded?
RCAP Leasing was founded in 1970. It employs 101 to 250 people.
Where is RCAP Leasing based?
RCAP Leasing is headquartered in Burlington, Canada, in the North America region.
How does RCAP Leasing make money?
Four revenue lines are on record. Equipment Leasing is the primary driver. The others are lease Buyouts and Trade-ups, asset Protection Fees and invoice Fees.
Who are RCAP Leasing's main competitors?
Broad incumbents on record are TD Equipment Finance, Element Fleet Management, John Deere Financial and Caterpillar Financial Services. Direct peers are Dext Capital, CWB National Leasing, GreatAmerica Financial Services, DLL (De Lage Landen), North Star Leasing and Meridian OneCap Credit Corp..
Does RCAP Leasing have an API?
No public API is recorded for RCAP Leasing.
What industry is RCAP Leasing in?
RCAP Leasing's product category is Equipment Leasing & Financing. Its primary akta.pro industry code is FSAKANAF, Equipment & Tool Leasing (Consumer), with a secondary code of FSAKADAC, Leasing & Lease Buyout Financing. Its NAICS code is 5324 and its SIC code is 6172.