Who we are.
Equipment Connect brings businesses together with equipment vendors and institutional funders in a single digital marketplace.
Seeking to address the issues facing SMEs in accessing asset finance and managing their ongoing equipment lifecycle, Equipment Connect brings innovation to an equipment market burdened by complex, legacy processes and redundant technologies.
A diverse team with experience across credit risk, financial markets and asset financing, we are passionate about the ability of technology to support the SME market and its contribution to the economy.
What makes us different
A three sided marketplace with a pioneering finance service.
After submitting a finance request in just 90 seconds, all finance offers are received in the platform. View and sign documents digitally, before managing all of your documentation online using our portal.
The Equipment Connect platform has been engineered from the ground up to specifically address the requirements of SMEs and equipment vendors. Our technology is constantly developing to meet customer needs and ensure an enhanced digital experience.
Our core values are...
Clarity
Convenience
Flexibility
Meet the team
Eamonn McMahon
Founder and MD
Eight years in asset-backed finance across various functions of investment banking. Most recently a VP at Imperial Capital.
Experience with securitisations and direct financing of granular SME risk.
Grace Kneafsey
Business Development Manager
Five years experience in finance and tax at Big 4 firm, completing ACA and CTA qualifications.
Leading business development nationally, based in the West Midlands.
Trevor Sewell
Head of Tech
Trevor is a full stack engineer who drives the development of our platform in a robust and agile manner.
Experience working as a senior engineer for clients such as Liberty Insurance, Condé Nast and the Economist Business Intelligence Division.
Leigh Baker
Advisor
Twenty years plus experience in SME credit modelling and risk analytics with both large incumbent institutions and challenger banks.
Significant leasing experience gained during the delivery of multiple key projects for LeasePlan UK.
Pierre Decla
Advisor
As CFO of GE Capital Industrial Finance Europe, Pierre led the creation of captive finance across Europe for the healthcare equipment business.
Pierre holds a Master in International Business Management from EM Strasbourg and an Executive MBA from HEC Paris.
Dr Manish Patel
Advisor
Dr Patel is CTO and Co-founder of two successful fintech business, Epicuri and Digital Algorithmic Solutions.
Dr Patel previously worked at investment banks such as Lehman brothers and Barclays Capital where he managed application development.
We support you
Whilst technology is the core of our business, real-time, direct customer contact is imperative to us.
Rise, 41 Luke St, Hackney, London EC2A 4DP
020 3950 1545
[email protected]
All registered users will be assigned a direct line to one of our expert customer team, who are also available on the direct contact points here.
FAQs
SME:
- How long will it take for me to secure finance on your platform?
- Typically less than three business hours are required to source a financing offer from our funders. On rare occasions this may not happen and our team will work hard to ensure you are presented with an alternative solution.
- Why should I use asset finance over a normal loan?
- Two reasons: Firstly, asset finance typically affords the borrower better terms than an unsecured loan because the funding is lower risk. Secondly, asset finance, particulary leasing, helps to keep your credit lines 'clear'. Your primary bank will often not consider the lease as 'overhanging' debt.
- How do I receive the funds?
- For your convenience and security and to ensure speedy delivery of your new equipment, the funds are sent directly to the account of the equipment supplier. You will be kept up to date every step of the way.
Equipment Supplier:
- What are the advantages for an Equipment Supplier in using the Equipment Connect platform?
- Equipment Suppliers benefit from faster, more diverse sources of asset finance for the customers. This helps ensure an easier sale and that the customer will be able to acquire the best equipment possible.
- Are we party on the agreement?
- We consider equipment suppliers partners and we work closely with them having developed our platform with their feedback in mind. Nonetheless we are not offering vendor finance and the obligor is always the business taking on the asset finance. While equipment suppliers must accept our terms and conditions they are not part of the financing agreement.
- Is there any cost to using the Equipment Connect platform?
- No there is no cost for the equipment supplier. By using the technology there are in fact, efficiency and time savings to be achieved. Furthermore we plan to offer our partner equipment suppliers data and analysis.
- Must we commit to exclusively using the Equipment Connect platform?
- No. While we expect the equipment suppliers to become increasingly comfortable with our range of funders and powerful technology we understand that equipment suppliers may wish to have alternative partnerships in place.
General:
- Is Equipment Connect approved by the FCA?
- No. Equipment Connect is a technology platform that empowers businesses to source funding on heavy equipment and machinery. We do of course adhere to UK law and offer the highest level of transparency to our users. All our documents are presented in plain English.
- How is our data protected on the Equipment Connect Platform?
- Equipment Connect have invested considerable time and money ensuring the best possible protection for your data is in place. We are registered with the Information Commissioner's Office (ZA 284955), have a data policy in place and ensure strict segregation of personal data.
- Can I source operating leases or short-term rentals on the platform?
- No. Funders on our platform exclusively offer Finance Leases (minimium two years), Hire Purchase Agreements and loans secured on the equipment and machinery.
Complaints Procedure
We appreciate your custom and its important that you are satisfied with the service you receive from our platform.
All complaints are handled with care and will be reviewed by the CEO.
Should you have any cause for complaint, please contact us in the first instance by email ([email protected]), phone (020 3950 1545) or in writing to Equipment Connect, Rise, 41 Luke St, Hackney, London EC2A 4DP, UK. You will receive a full response within 5 working days.
Should you remain dissatisfied we have an arbitration procedure in place that we can suggest.