AutoQuotes Launches AQ Pay, Powered by Currency

JACKSONVILLE, Fla. - May 7, 2020 - PRLog -- AutoQuotes, the technology leader in the Foodservice Equipment and Supplies industry, has partnered with Currency, a California-based FinTech company, to enable equipment dealers to streamline the payments and financing process for their customers within the AQ platform. Aligning the industry's most comprehensive product database and configure, price, quote (CPQ) software with Currency's advanced transaction and financing capabilities, AQ Pay allows customers to make payments easily from AQ quotes and invoices, simplifying the payments process, expediting transaction time, and helping dealers get paid more quickly. An upcoming phase will also include instant lease financing that will accelerate and simplify financing in the industry.

The new payment and financing technology is embedded directly onto AQ's quotes and invoices, completely digitizing the payment process, which was previously extremely fragmented. The new state-of-the-art functionality allows buyers to choose to instantly pay via credit, debit, or ACH Bank Transfer from anywhere, reducing the friction caused by traditional paper billing and invoicing.  AQ dealers can also take advantage of AQ Pay for online transactions in an e-commerce environment or in-store at point of sale, improving the quote-to-order process for dealers and their customers with one seamless platform.

"AQ remains focused on building tools that reduce friction for AQ customers and the FES industry," said Jim Contardi, CEO of AQ. "We've partnered with Currency to create a tool that facilitates a simplified, modern payment process and provides an improved customer experience on both sides of the sale."

"Currency is thrilled to be partnering with AutoQuotes to improve transactions in the Foodservice Equipment and Supplies Industry exponentially," said Currency President, Jered Takeuchi. "The exciting partnership is just in the early phases and is expected to add additional functionality to allow buyers to finance their purchases at the point-of-sale as well, which is Currency's core service. The integration of Currency's broad payments and financing solutions into AQ Pay is a game-changer for the FES industry."

Interested AQ customers can learn more and schedule a demo by visiting the AQ website at www.AQ-FES.com/product/aq-pay/.

About AutoQuotes:

AutoQuotes, LLC is the leading provider of technology solutions and services for the foodservice equipment and supplies industry, including an online platform for quotation and design applications. With offices in Atlanta and Jacksonville in the U.S. and Birmingham in the U.K., the company serves customers throughout the Americas, the United Kingdom, and Europe. AQ is a portfolio company of Luminate Capital Partners. Learn more at www.aq-fes.com.

About Currency:

Currency provides merchants and customers with a seamless digital experience throughout the equipment buying process, whether online in an eCommerce environment, in-store at the point-of-sale, or embedded into the merchant's invoicing software. Within each of these environments, customers select their preferred method of payment – credit/debit card, ACH, or financing. Currency can handle small to large transactions providing customers with enhanced purchasing power at their fingertips. For merchants, transactions are easily managed inside the merchant portal for easy tracking and reporting. No other solution like this exists in the equipment marketplace.