New York – October 5, 2022 – QuickFi® and Great American Insurance Group launched an API-enabled insurance solution fully integrated into QuickFi’s 100% digital equipment financing platform, which is used by banks and global equipment manufacturers to finance equipment at the point of sale. The Great American– QuickFi integration provides instant, 24/7 protection for business equipment buyers at the point of sale.
QuickFi’s platform provides bank and manufacturers with the ability to provide self-service business equipment financing accessible from anywhere, at any time of the day or night. An API-enabled solution from Great American allows customers to select and activate equipment protection at the point of sale in a self-service application. The Great American integration on the QuickFi platform greatly improves and expedites the equipment acquisition experience.
“Great American Insurance Group is a leader in equipment finance insurance and we are delighted to work with them to develop an entirely new, borrower self-service protection option for small and medium business (SMB) borrowers, at the point of sale,” said Bill Verhelle, QuickFi CEO. “The Great American-QuickFi platform provides SMB borrowers with the most transparent, nearly-instant, financing and protection offerings available anywhere,” added Verhelle.
“QuickFi’s innovative approach to self-service equipment finance aligns well with our API capabilities,” said Ken Schneider, Divisional Senior Vice President, Great American Specialty Equipment. “Providing an option to protect the equipment and meet insurance requirements through an easy, embedded protection program increases transparency and efficiency without jeopardizing the speed of the transaction.”
QuickFi by Innovation Finance USA is a business equipment finance platform, serving banks and global manufacturers with financing programs to help close equipment sales quickly and efficiently. QuickFi enables creditworthy business borrowers to apply for and consummate low, fixed rate term loan in a matter of minutes, not days or weeks.
About Great American Insurance Group
Great American Insurance Group’s roots go back to 1872 with the founding of its flagship company, Great American Insurance Company. Based in Cincinnati, Ohio, the operations of Great American Insurance Group are engaged primarily in property and casualty insurance, focusing on specialty commercial products for businesses. Great American Insurance Company has received an “A” (Excellent) or higher rating from the A.M. Best Company for more than 110 years (most recent rating evaluation of “A+” (Superior) affirmed December 3, 2021). The members of Great American Insurance Group are subsidiaries of American Financial Group, Inc. (AFG), also based in Cincinnati, Ohio. AFG’s common stock is listed and traded on the New York Stock Exchange under the symbol AFG.
About Specialty Equipment
In the US, policies are underwritten by Great American Insurance Company, Great American Assurance Company and Great American Spirit Insurance Company, authorized insurers in all 50 states and the D.C., 301 E. Fourth St., Cincinnati, OH 45202. Coverage is summarized. Refer to the actual policy for a full description of applicable terms, conditions, limits and exclusions.