Fox Ridge Capital selects LTi’s ASPIRE platform

LTi Technology Solutions (LTi) has announced that newly formed equipment finance provider Fox Ridge Capital has selected its ASPIRE™ platform as the core technology foundation for the launch of its hybrid equipment finance business.

Fox Ridge Capital, founded by entrepreneur Tom Depping and backed by LKCM Headwater Investments, is entering the US market with a focus on delivering agile, relationship-driven financing solutions to small and mid-sized businesses.

As a start-up operation, the company said it approached technology selection with a focus on building a scalable and modern infrastructure free from the limitations of legacy systems.

Following an evaluation of potential technology partners, Fox Ridge Capital selected LTi’s ASPIRE™ platform based on its scalability, speed to market and flexibility to support future growth and operational evolution.

The ASPIRE™ platform will form the centrepiece of a broader integrated technology ecosystem designed to support the company’s launch and long-term expansion strategy.

Fox Ridge Capital is also deploying NorthTeq’s Aurora platform and implementing Microsoft Dynamics 365 Business Central through Eide Bailly to create a fully integrated operational environment.

Tom Depping, Founder and Chief Executive Officer of Fox Ridge Capital, said the company wanted to establish a strong technological foundation from the outset.

“Launching a new business gives you a unique opportunity – you’re not constrained by legacy systems or outdated processes,” he said.

“We were intentional about building our foundation the right way from day one. LTi stood out because they understand how to support high-growth organizations and bring a level of partnership that goes beyond technology.

“ASPIRE™ gives us the confidence to execute on our vision and adapt as we grow.”

Andrew Depping, Chief Technology Officer at Fox Ridge Capital, said the ability to integrate multiple platforms seamlessly was a key factor in the decision.

“LTi’s ability to align with our broader technology ecosystem – including NorthTeq, deploying its Aurora platform, and Eide Bailly, implementing Microsoft Dynamics 365 Business Central – ensures a fully integrated and operationally ready environment from the moment we go live,” he said.

LTi said the partnership reflects a broader trend within the equipment finance industry, where firms are increasingly prioritising scalable and flexible technology platforms that can deliver long-term competitive advantages.

Randy Haug, Executive Vice President and Co-Founder of LTi Technology Solutions, said modern finance businesses are seeking technology ecosystems designed for growth from inception.

“Companies can build on a modern flexible foundation without inheriting the constraints of legacy technology,” said Haug.

“Fox Ridge Capital has taken a deliberate and forward-looking approach not just in selecting ASPIRE™, but in architecting their entire ecosystem for scale.

“At LTi, we go beyond delivering technology — we’re a strategic partner to ensure their platform, and every solution connected to it, is configured to their needs.”

Fox Ridge Capital’s launch comes amid continued digital transformation across the equipment finance sector, with firms increasingly investing in integrated platforms to improve operational efficiency, accelerate customer onboarding and support scalable growth strategies.