Flexvelop has just announced that Seventure Partners, 4Tree Capital and Innovationsstarter Fonds Hamburg jointly invest three million euros in the Hamburg-based fintech startup. Also part of this round are four business angels - all former investment bankers - providing their expert knowledge and personal networks to help raise additional debt capital for equipment funding on an ongoing basis.
Flexvelop wants to make leasing as easy as possible
The investment will be used to expand into further online stores and partner retailers, where the new form of B2B equipment leasing can be integrated directly as a clickable payment solution. Flexvelop gives business customers the ability to rent even small business-critical equipment in seconds. This gives small and medium-sized companies the advantage of being able to work with professional equipment immediately. Furthermore, they can later flexibly decide if and when the best time to buy or return the equipment will be. The startup itself calls the whole process “flexing“.
With the fresh capital, the team is to be doubled this year from the current ten employees to around 20 people while the in-house technology is to be further developed.
