Flexvelop

Flexvelop, a German-based company, specializes in providing BNPL solutions to business customers in sectors such as hospitality, professional tools, and office IT. The platform allows customers to rent equipment with the option of buying or returning it after use, with returned devices being refurbished by Flexvelop's partners, extending their lifecycle. Flexvelop takes on the bill and investment risk, running credit checks prior to the acceptance of rentals, and combines leasing with flexible rentals for devices between EUR 300–20,000 (~USD 300–21,300) available via its partner dealers. Further, 70% of every rental installment paid is automatically credited upon purchase, with Flexvelop covering insurance, financing, and operational costs as per customer contracts. The company also offers an API interface called Flex Technology, which enables retailers to integrate its BNPL solutions.

As of March 2023, the company was working to develop Flex Card, a card-based BNPL solution, and Flex Loop, which grants customers rewards when returning equipment.

Key customers and partnerships

Flexvelop’s partner dealers included consumer electronics retail chain expert, electronic device supplier Notebooksbilliger.de, and tableware manufacturer WMF, among others.

Funding and financials

In February 2023 , Flexvelop raised EUR 3 million (~USD 3.2 million) in funding through a joint investment from Seventure Partners, 4Tree Capital, and Innovationsstarter Fonds Hamburg.