TORONTO, March 3, 2020 /CNW/ - LendCare Capital, a leading Canadian point-of-sale finance and technology company, announced today that they have signed a partnership agreement with powersports manufacturer, CFMOTO Canada. CFMOTO manufactures leisure vehicles that are distributed in over 70 countries with a vast powersport dealer network across Canada and are a world leader in the production of liquid-cooled engines for quad and side-by-side vehicles.
"It was an obvious strategic and collaborative partnership for both companies," said Ali Metel, CEO, LendCare Capital. "By combining the resources and reach of a world-renowned leisure manufacturer with the #1 non-prime powersports lending company in Canada, we will be able to extend specialized financing opportunities to more Canadian consumers."
LendCare will provide financing solutions, customized to CFMOTO's Canadian-based dealer network, enabling their customers to finance CFMOTO products, seamlessly at the point-of-sale.
"Building relationships with well-established Canadian companies like LendCare, creates new opportunities for both our brand and dealer network to capitalize on better serving our Canadian customers," said Rodolphe Arenales, General Manager, CFMOTO Canada. "We are proud to have LendCare as a financing partner and look forward to what our companies will accomplish together."
CFMOTO Canada and LendCare bring a wealth of experience in the leisure industry and have spent a combined three decades servicing Canadian businesses and consumers.
About LendCare Capital
LendCare is a Canadian consumer finance and technology company, which enables over 6000 businesses to increase their revenue by providing full credit spectrum financing at the point-of-sale. For over a decade, LendCare has cleared a path to provide fast, reliable and affordable financing options for the Powersports, Auto, Retail, Home Improvement and Health sectors, while processing over $4 billion in loan applications to date. With a dedicated team of finance experts and well-established partnerships with merchants, top dealerships and brokers, LendCare bridges the gap between credit score and customers living their best life.
Founded in 1989, CFMOTO designs and manufactures recreational sports vehicles. It has an annual production capacity of 800,000 engines and 600,000 vehicles distributed in over 70 countries.
For further information: LendCare Media Inquiries: Jackie Bain, Head of Marketing, [email protected], 1-866-291-4045 ext. 1801, Related links: www.lendcare.ca; CFMOTO Media Inquiries: Daniel Fortin, Marketing Coordinator, [email protected] | 1-877-463-3940, Related links: CFMOTO.CA
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