Mitsubishi HC Capital Canada, a subsidiary of Mitsubishi HC Capital America, a non-bank, non-captive finance provider in North America, is launching a new division and introducing additional financing solutions customized for Canada’s growing technology sector.
The company hired Jim Moschos as the director of the new technology finance division. Moschos and his team will provide financing options that help end-users acquire hardware, software and services. Moschos has more than 20 years of experience in managed services, technology and software across multiple industries in addition to equipment financing expertise in healthcare and clean technology.
“We provide companies with the option to finance virtually any IT product, from computers/servers and software across all industries sectors, including, but not limited to, health care, clean tech and office equipment, with flexible rates and terms,” Moschos said. “Our lease and loan solutions, as well as our ability to take assignment of receivables in the tech space, allow us to address each business’s unique situation and need.”
The company’s assignment financing solution, for example, is designed to enable customers to improve their cash flow by monetizing existing contracts. Moschos says Mitsubishi HC Capital Canada’s process works within an OEM’s or vendor’s current contract set and pays them for their products and services upfront without disrupting their existing selling processes. “Customers enjoy a seamless user experience with no additional contract documents,” Moschos said.
Customers doing business in both Canada and the U.S. also can benefit from Mitsubishi HC Capital Canada’s cross-border financing capabilities through Mitsubishi HC Capital America.
“With Jim’s guidance and expertise, we anticipate our end-user customers, as well as our OEM, dealer and value-added reseller (VAR) partners, will benefit from this expanded team and additional suite of financing solutions as they look to improve their business performance,” Kevin Hall, vice president of capital markets at Mitsubishi HC Capital Canada, said. “We’re excited to welcome Jim and are confident he will be a valuable asset to the team and make significant contributions as we strive to better serve our customers.”
