LeaseTeq Accelerates Its Growth with Flexible and Non-Dilutive Capital
LeaseTeq Snapshot
LeaseTeq is a fully digital leasing provider in Europe. It offers attractive fully digitalized leasing solutions to both, private and corporate customers, based on a seamless and paperless leasing checkout experience. LeaseTeq combines financial expertise with the most advanced technology for a cutting-edge and omnichannel auto financing experience.
Its platform approach includes an immediate credit decision for an efficient, user-friendly, and digital customer experience along the entire life cycle. As one of the most competitive players in the Swiss market, it is currently pursuing its rapid expansion to German-speaking Europe.
The team consists of industry experts having worked for companies such as Porsche, Cembra, Credit Suisse, and Klarna among others. LeaseTeq is chaired by Robert Oudmayer, ex-Cembra Money Bank CEO, with Joscha Rosenbauer as CEO and Uwe Riepenhausen as CFO.
LeaseTeq has established unique business relationships with industry leaders such as Zurich Insurance and Tesla and is backed by top-tier investors such as Vi Partners, N&V Capital, Armada Investments AG, and AMYP Ventures AG.
Executive Summary
Lendity partners with LeaseTeq, providing non-dilutive growth funding to accelerate its expansion.
The Context
LeaseTeq gained significant recognition and adoption in the market, in part due to its convenient, innovative, and sustainable solution. Its seamless and paperless leasing checkout experience helped propel a continuous onboarding of new OEMs and car dealers.
With the growth in client base also came the need for additional capital. Given its predictable business model, LeaseTeq was looking for efficient capital. Speed of execution and flexibility were paramount for LeaseTeq to seize the market opportunities.
“Having access to non-dilutive finance, especially if it is fast and flexible, becomes a great tool in times of strong growth. Lendity’s understanding of technology companies and their financial needs made it a very smooth process”, comments Joscha Rosenbauer, co-founder and CEO of LeaseTeq.
“Having access to non-dilutive finance, especially if it is fast and flexible, becomes a great tool in times of strong growth. Lendity’s understanding of technology companies and their financial needs made it a very smooth process.”
Joscha Rosenbauer, co-founder and CEO of LeaseTeq
The Solution
Based on the top-tier partnerships LeaseTeq had secured, the high client satisfaction around its technology and the solid track record, Lendity provided non-dilutive capital that gives LeaseTeq the ability to accelerate growth while maintaining full flexibility.
“Besides the significant business traction, we were impressed with the quality of the team, the technology-first approach and the solid operating model, allowing us to execute the transaction in record time” adds Rafael Karamanian, Partner at Lendity.