Abrigo, a compliance, credit risk and lending solutions provider, has bolstered its loan origination and management platform by adding equipment and vehicle financing capabilities.
Austin-based Abrigo acquired Integrated Financial Solutions (IFS), the developer of IFSLeaseWorks, according to a Jan. 23 release. IFSLeaseWorks is a cloud-based platform that automates lease and loan origination and administration, supporting processes from structuring and pricing to billing and remarketing. This move aligns with Abrigo’s strategy to provide financial institutions with greater efficiency through automation across front- and back-office operations.
The partnership leverages growing demand in the U.S. equipment leasing and software market, which expanded 7% annually in the second quarter of 2024, according to the Equipment Leasing and Finance Foundation.
IFSLeaseWorks has been praised by the likes of Navitas Credit Vice President of IT Marcel Gilbert, stating that the platform’s efficiency enabled significant growth while maintaining a “lean workforce,” according to the release.
The partnership will give IFS a “bigger opportunity to share these capabilities with the market and continue innovating for our clients,” Chief Executive Mitch Kaufman stated in the release.
Financial advisor Krall and Co. and law firms Rutan and Tucker and DLA Piper facilitated the deal.
The third annual Equipment Finance Connect at the JW Marriott Nashville in Nashville, Tenn., on May 14-15, 2025, is the only event that brings together equipment dealers and lenders to share insights, attend discussions on crucial industry topics and network with peers. Learn more about the event and register here.
