FREE SUBSCRIPTION Includes: The Advisor Daily eBlast + Exclusive Content + Professional Network Membership: JOIN NOW LOGIN
Skip Navigation LinksHome / News / Read News


QuickFi and XCMG America Financial Announce National Partnership

June 09, 2022, 07:23 AM
Filed Under: Program Agreements

XCMG America Financial LLC (XCMG Captive) announced its national partnership with QuickFi to finance Xuzhou Construction Machinery Group Co., Ltd. (XCMG) equipment.

XCMG is one of the world’s top construction machinery companies known for exceptional quality and diverse products. The XCMG equipment available in the U.S. includes compactors, excavators, graders, wheel loaders and MEWPs. In 2022, XCMG was ranked as the third-largest construction equipment company in the world for the second consecutive year by KHL Group’s Yellow Table.

QuickFi’s patented technology enables qualified XCMG equipment buyers to obtain nearly instant low, fixed-rate, term equipment loans and leases ranging from $5,000 to $5,000,000. The XCMG-QuickFi platform uses new technologies such as drivers’ license verification and authentication, artificial intelligence/machine learning, blockchain, and other advanced mobile and cloud technologies, providing XCMG customers with 24/7, self-service equipment financing not available from XCMG’s competitors.

Gengzong Qiu, XCMG America Financial CEO, said, “In 2021 XCMG announced a big investment in the United States. Part of this investment will establish an XCMG Captive finance company to provide financing and leasing solutions to XCMG dealers and customers in the United States. By partnering with QuickFi, XCMG’s U.S. customers will obtain fast, transparent, borrower-friendly financing and equipment leasing from XCMG America Financial on a 100% digital, borrower self-service equipment financing platform.” “We look forward to complementing the superior design and engineering of XCMG’s products with the industry's most advanced business equipment financing program,” said Qiu. “We also look forward to a long-term partnership with the QuickFi team.”  

Bill Verhelle, QuickFi CEO, said, “XCMG is one of the world’s largest construction equipment companies and is committed to 'advanced quality, efficiency, performance, and sustainability.'  XCMG demonstrates a commitment to exceeding current industry practices by adopting and implementing the latest financing technologies for XCMG customers.”

“We are honored to partner with such a successful, forward-thinking organization,” Verhelle added.

Comments From Our Members

You must be an Equipment Finance Advisor member to post comments. Login or Join Now.