Acquis, MAZO Capital partner on equipment finance insurance
Partnership to cover MAZO's US portfolio going forward
Acquis, a provider of outsourced insurance solutions for the equipment finance industry, has partnered with MAZO Capital Solutions to provide an equipment finance insurance solution for MAZO’s portfolio across the United States, the companies announced July 15.
MAZO will integrate Acquis’ post-activation insurance solution into its equipment financing process, according to a July 15 Acquis release. The service protects financed equipment against loss or damage, provide claims support and reduces administrative work through the life of a deal.
MAZO Capital Solutions is a digital-first commercial finance company serving small businesses. Its products include equipment financing, working capital, business lines of credit and term loans.
The partnership provides MAZO customers with access to equipment protection and claims administration after deal activation. The integration streamlines the customer experience while helping businesses limit operational disruption when financed assets are damaged or lost.
The deal will support MAZO’s growing equipment finance portfolio by simplifying the insurance process, James Rudolf, chief commercial officer at Acquis, said in the release.
The partnership will strengthen MAZO’s small-business financing platform while helping streamline portfolio administration and maintain a high-quality customer experience, John Pfister, chief executive of MAZO, said in the release.
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