German BNPL provider, Flexvelop, raised EUR 3 million (~USD 3.2 million) through a joint investment by Seventure Partners, 4Tree Capital, and Innovationsstarter Fonds Hamburg. 

The funds are to be utilized to expand Flexvelop’s online stores, employee headcount, and partnerships with retailers. The company is also seeking to integrate its B2B equipment lease offering as a clickable BNPL checkout solution and develop its in-house technology. 

Flexvelop provides online payment solutions to business customers for sectors such as hospitality, professional tools, and office IT. The platform allows users to rent equipment, providing customers with the option of buying or returning the equipment after use. If users decide to return the equipment, it is processed sustainably within its circular economy.

Analyst QuickTake: Flexvelop offers a unique B2B solution that sets it apart from other players in the industry. Its approach centers on providing payment flexibility for rented equipment integrated with its circular flow economy, with returned devices being refurbished by Flexvelop's partners, thereby extending their life cycle.