About LeaseQ

LeaseQ is a marketplace and finance technology platform company that connects businesses, equipment sellers, and finance companies to make selling and financing equipment easy, fast, and cost effective. The LeaseQ Platform is a free, configurable and customizable cloud based SaaS solution with a suite of on-demand software and data solutions for the equipment financing industry. The LeaseQ platform has been purpose-built to deliver 3 major benefits to equipment financing today:

  • Instant, Competitive Quotes - With one application, LeaseQ borrowers can comparison shop for rates and terms from leading lenders in a matter of seconds.
  • Funding A-D Credit - LeaseQ's access to complementary lenders, enables more borrowers to securing financing and generates more deals for sellers.
  • Timely Funding - Borrowers and lenders can expedite their equipment financing timelines with LeaseQ's business process optimization (BPO) that's built into the platform - reducing turnaround times from weeks to hours.

LeaseQ Serves Three Users

1
Businesses Seeking Equipment Financing – the LeaseQ website enables any business seeking equipment financing to link to leading finance companies, shop for financing, compare finance plans and rates, choose the best financing option, lock-in financing rates, and begin the finance process easily in a few minutes.
2
Equipment Dealers - LeaseQ enables equipment dealers to take control of the entire sales process (including financing) and close a sale while the business customer is still in the dealership. We provide a lead management and financing processing system that allows the dealer to link with financing companies, banks, and other financing sources on behalf of a business seeking financing, get instant financing quotes in 60 seconds, and easily manage all the paperwork required to secure financing on behalf of the customer.
3
Finance Companies – LeaseQ significantly lowers the cost of sales by delivering highly qualified financing applications to financing companies. A free underwriting engine, real-time-credit processing capability and BPO management system enables financing companies to create an Nth number of risk tiers with variable financing pricing for each vertical market segment, generate instant financing quotes, and manage the financing application and financing closing process all online.

 

Mission

Be the marketplace for equipment financing.

Values

  • Integrity – We establish and maintain the highest ethical standards, worthy of the equipment industry's most trusted third party.
  • Transparency – We illuminate the process of financing equipment and conduct business openly and honestly.
  • Accountability – We are accountable to businesses seeking financing; dealers selling equipment; finance companies that are funding equipment; our shareholders; and each other.
  • Passion – We tap into what we love and fulfill our potential for: our community, our customers, our co-workers and ourselves.
  • Teamwork – We are committed to collaboration and communication among business partners and associates and understand that nothing great and true is developed without teamwork.
  • Excellence – We strive to uphold high standards in the services we provide, the solutions we deliver, and the attitude by which we conduct ourselves and continually seek ways to improve in each of these areas.

 

Management

Nelson Russell, President and CEO

Nelson Russell is President and CEO of LeaseQ. He joined the company after serving on the board since 2017. Mr. Russell spent most of his career with State Street Bank & Trust, where most recently he was Senior Managing Director in the Global Markets Division overseeing securitization activity in North America. Between 1994 and 1998, Mr. Russell had over-lapping roles as Credit Officer providing credit enhancement for securitizations, Risk Manager for all commercial-paper conduit activity, and Manager of Conduit Administration. From 1985 until 1992, Mr. Russell managed M&A and private placement transactions for State Street Boston Capital Corp. in a number of industries, with a concentration in the financial services industry. Prior to joining State Street, Mr. Russell was an Officer at Bank of America in New York lending to financial institutions. Mr. Russell graduated Phi Beta Kappa with a B.A. from Colby College and holds an M.B.A. from the Darden School at the University of Virginia.

John Caruso, VP of Funding Operations

John is VP, Funding Operations at LeaseQ. With more than 35 years of experience in financial services, he is responsible for developing LeaseQ’s funding team, and expanding the network of lenders on the LeaseQ platform to provide coverage for all equipment types, geographies, and credit classes. Prior to LeaseQ, John was a Senior Director at EMC Corporation, managing an active $4.5 billion financing portfolio and global lending relationships. He also has extensive experience in program development and implementation, credit analysis, collection management, complex deal structuring, funding and new business development.

Jamshed Khan, CTO

With more than 20 years of experience in financial services, technology solutions and management consulting, Jamshed is responsible for LeaseQ technology strategy, solutions design, development and implementation. Prior to LeaseQ, Jamshed was Managing Partner at The Trieste Group, a financial services and technology firm providing high-end analytics, financial engineering and technology solutions. He has had senior leadership roles at Ameriprise Financial, Fidelity Investments, Putnam Investments, Deutsche Bank, and Wellington Management Company where he led teams that developed and delivered technology solutions for trading, portfolio management, quantitative services, risk management, CRM, data, application and infrastructure services. As a management consultant he worked on large strategic solutions for organizations such as the U.S. Department of Treasury and MFS Investment Management. Jamshed holds a Master of Science degree in Nuclear Physics from University of Karachi, Pakistan and a Master of Science degree in Applied Physics from University of Massachusetts at Boston.

Shekhar Yadav, Director of Engineering

As the Director of Engineering at LeaseQ, Shekhar leads all software development and integration including development of the LeaseQ platform and a growing list of equipment finance tools. A seasoned team leader with successful start-up companies, he has a proven track record building highly-scalable, cloud based SaaS systems. Prior to LeaseQ, Shekhar was Principal Software Engineer at VideoIQ, Inc., Affectiva and at Lycos, where he spent the first 10 years of his career.

Chris Powers, Senior Director of Application Development

In his role as Senior Director of Application Development, Chris leads engineering on the Noesis platform and the Mechanical & Electrical equipment vertical. He has spent the last 20 years creating and contributing to tech startups. He served as CTO of Managing Energy Inc. and helped build the platform from the ground up; upon its acquisition by Noesis, he served as Senior Director of Application Development and was responsible for platform architecture, development and integration. Chris graduated from the University of Waterloo and holds a Bachelor of Applied Science in Mechanical Engineering.

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