Duluth, GA (June 8, 2022) – XCMG America Financial LLC (XCMG Captive) is pleased to announce 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.
Mr. 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 Mr. Qiu. “We also look forward to a long-term partnership with the QuickFi team,” added Gengzong.
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.
Xuzhou Construction Machinery Group Co., Ltd. (XCMG) was founded in 1943. Since then, XCMG has stood at the forefront of the global construction machinery industry with facilities in Brazil, Germany, the USA, India, Uzbekistan, and China. XCMG is one of the industry’s largest, most influential, and most competitive manufacturers with the most diverse selection of heavy machinery in the world.
QuickFi provides global manufacturers, like XCMG, with 100% digital, secured equipment financing capability at less than one-third the cost of the legacy delivery model. QuickFi is a full-service, end-to-end financing platform providing manufacturers with complete digital, branded equipment financing capability. QuickFi is available to equipment buyers 24/7. QuickFi enables manufacturers to deliver customer financing that previously took days or weeks, in 3-5 minutes, at any time of the day or night, from anywhere. Visit QuickFi.com to learn more.