Overview

Clicklease offers equipment leasing financing for small businesses by partnering with equipment vendors. It provides instant approvals and same-day funding to increase vendor order value while giving customers affordable payment options. Unlike traditional lenders, it approves customers regardless of credit status, improving vendor cash flow and web conversions. Its goal is to help vendors grow sales and cash flow while giving customers fast, transparent financing options; revenue comes from interest and fees on leases.

Simplify's Take

What believers are saying

• $63M Series A funding from Sandlot Partners accelerates technology and team expansion.
• Partnerships with Firefly and 7,000+ vendors expand addressable market across equipment categories.
• Flexible 12-60 month terms with tax-deductible payments preserve small business cash flow.

What critics are saying

• Inclusive lending to subprime borrowers drives 60-80% default rates, eroding profitability.
• CFPB regulatory crackdown on no-credit-check approvals forces costly underwriting changes.
• Economic recession spikes small business failures, causing 20-30% portfolio losses on leases.

What makes Clicklease unique

• Instant approvals with proprietary AI technology eliminate traditional 40% rejection rates.
• Same-day funding and vendor direct payment accelerate cash flow for partners.
• No hard credit pull or documents required expands addressable market to underserved businesses.

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Funding

Total Funding

$73M

Above

Industry Average

Funded Over

2 Rounds

$63,000,000

Series A

Aug 2021

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.

Series A Funding Comparison

Above Average

Industry standards

Ind Avg. $15M

$3.7M

$5M

$8.2M

$15M

$30M

$63M

View all funding stages