Hamburg’s fintech company Flexvelop secures €44M to expand its business equipment financing model

Flexvelop, a fintech company from Hamburg (Germany), has secured €44M to support its expansion. 

Founded in 2018, the company aims to change how businesses finance equipment by offering a flexible model similar to streaming subscriptions. Over time, it has developed into a fintech business financing provider.

The funding includes €4M in equity investment from InnoVentureFonds of IFB Innovationsstarter GmbH and Seventure Partners and €40M in institutional credit lines for asset financing. 

With this financial support, the company plans to expand its market presence, improve profitability, and strengthen its role in the industry. As part of this growth, Flexvelop is introducing a new corporate identity to reflect its transition from a startup to an established business.

A new approach to business equipment financing

Flexvelop provides a financing approach for business equipment that differs from leasing, installment plans, or bank loans. These traditional methods are often used for large investments, whereas Flexvelop focuses on everyday business equipment needs.

The company combines established business practices with digital technology to offer businesses access to equipment without long-term commitments. 

Its model, called “Flexen”, incorporates elements of traditional financing into a single system, designed to give small and medium-sized companies financial flexibility and a streamlined process for acquiring the necessary equipment.

Flexvelop was founded by Dr. Hans-Christian Stockfisch, Dr. Ephraim Robbe, Marvin Nelle, and Timo Küsel. Its team is composed of financial experts, sales professionals, programmers, and creative professionals.

Founder, Dr. Stockfisch, says, “At Flexvelop, we enable companies to invest in modern equipment without tying up capital – quickly, flexibly and efficiently. Our solutions combine Hanseatic reliability with technological innovation and set new standards for the financing of business equipment – ‘made in Hamburg’.”

The process for financing

Flexvelop provides a streamlined process for businesses to acquire equipment in three steps.

• Receive a FLEX Offer: Businesses receive an offer directly from the dealer, which can be accepted instantly through a digital process on any device.
• Complete the Digital Contract: A fully automated credit check eliminates paperwork and delays, allowing for a quick agreement.
• Manage with a Dashboard: After signing, businesses gain access to a dashboard where invoices and documents are available, and dealers receive automatic delivery instructions.

After a short minimum rental period, businesses can choose to continue renting, purchase, or return the equipment on a monthly basis. The longer the rental period, the lower the remaining purchase price.