Overview

Clicklease operates in the equipment leasing market, focusing on providing affordable payment plans for small businesses. The company partners with equipment vendors to offer financing solutions that help increase the vendors' average order value significantly. Clicklease differentiates itself from traditional lenders by approving all customers, regardless of their credit history, which is a major advantage since traditional lenders often reject a large percentage of applicants. The application process is designed to be quick and efficient, with instant decisions and same-day funding, which enhances cash flow for vendors and improves web conversion rates for businesses. Customers can also track their applications throughout the process, ensuring transparency. The goal of Clicklease is to empower small businesses and support equipment vendors by offering a fast, inclusive, and reliable financing service.

Simplify's Take

What believers are saying

• $63M Series A funding will accelerate technology investment and team expansion.
• Growing demand for flexible payment solutions boosts Clicklease's market potential.
• Digital transformation in finance enhances Clicklease's tech-driven leasing approach.

What critics are saying

• Increased competition from fintech companies may erode Clicklease's market share.
• Rising interest rates could reduce demand for Clicklease's payment plans.
• Regulatory scrutiny may lead to higher compliance costs for Clicklease.

What makes Clicklease unique

• Clicklease approves any customer, regardless of credit, unlike traditional lenders.
• Same-day funding improves vendor cash flow, setting Clicklease apart from competitors.
• Instant application decisions increase web conversion rates by up to 30%.

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Funding

Total Funding

$71M

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

$63M

$100M

View all funding stages