Six months ago, Fox Ridge Capital didn't have a system, a team or a single contract on the books. Today, it's a fully operational equipment finance company booking live contracts on LTi Technology Solutions' ASPIRE platform — proof that a company can launch and scale on modern technology without the delays that typically come with building a lending operation from the ground up.

LTi Technology Solutions announced that Fox Ridge Capital, a newly launched hybrid equipment finance company backed by LKCM Headwater Investments, has reached full operation on ASPIRE, LTi's lease and loan lifecycle management platform, just six months after selecting it as its foundational technology. With no legacy systems, team, workflows or processes to build from, Fox Ridge Capital stood up its entire operation from scratch and is now booking live contracts on ASPIRE.

Founded by entrepreneur Tom Depping, Fox Ridge Capital set out to reimagine access to business capital, bringing agility, speed and a relationship-driven approach to small and midsized businesses across the United States. As a new organization, the company approached platform selection with a clear mandate: build a scalable, high-performance operation without
the limitations of legacy systems, prioritizing scalability, speed to market and long-term flexibility.

“When we selected ASPIRE, we bet on a partner that could match our pace. Six months later, that bet has paid off — we're live, we're booking business, and we did it without slowing down to fight our own systems,” said Tom Depping. “That's exactly the outcome we set out to build.”

“The real test of an integrated ecosystem is what happens on go-live day, not what's promised in a proposal,” added Andrew Depping, chief technology officer at Fox Ridge Capital. “ASPIRE, Aurora and Dynamics 365 came together exactly as designed, and that gave our team the confidence to run at full speed from day one.”

That vision has now translated into results, with Fox Ridge Capital reaching the market, and revenue, without the long infrastructure buildout that often delays new entrants.

"Standing up a company from nothing means building your reporting and controls before you have a single transaction to test them against," said Dawn Gillette, Chief Financial Officer at Fox Ridge Capital. "ASPIRE gave us confidence in the numbers from day one, so we could put our energy into building the business instead of double-checking it."

“Fox Ridge Capital set out to prove that a new company could launch on modern technology and move faster than the industry expects,” said Randy Haug, executive vice president and cofounder at LTi Technology Solutions. “Six months and a live book of business later, they've done exactly that, and it's a model we're proud to have helped build.”