APPROVE Press Room

Leica Geosystems announced today the launch of a new, tech-driven equipment financing solution for their eCommerce customers called, APPROVE.

Purchasing activity and financing approval rates in the foodservice equipment industry are rebounding at a rapid pace, evidence that restaurants are staging a strong comeback from the Covid-19 pandemic, according to data released this month by KWIPPED Inc., which runs an online B2B equipment marketplace and fuels equipment-financing deals through its SaaS solution, APPROVE.

APPROVE was developed in response to marketplace suppliers requesting the financing technology for their own direct customers. APPROVE integrates equipment financing at the point-of-sale through a digital quoting engine that is linked to a network of the nation’s top lenders, which compete to earn financing opportunities from equipment buyers.

KWIPPED Inc., the Wilmington, NC-based tech startup, received investment funding from the Raleigh, NC-based Wolfpack Investor Network (WIN). The investment, which involved the Endowment Fund for North Carolina State University, an institutional member of WIN, is part of a bridge round between KWIPPED’s series seed round and their anticipated 2018 Series A round.

KWIPPED Inc., the online B2B equipment rental marketplace, received investment funding in mid-June, 2017 from The Angel Roundtable (ART), an early stage angel investor network located in Johnson City, Tennessee.