Industry: Diversified financials
Sector: Vehicle leasing
SIC Code: 75150000 PASSENGER CAR LEASING
Country of Origin: Switzerland |
Target Areas: Worldwide
Company is an independent, non-bank vehicle leasing provider based in Switzerland.
Company targets corporate/ SME and individual clients, both being segments that, due to tightening credit conditions in Switzerland, are currently experiencing difficulties with regards to obtaining fleet financing. This creates an opportunity for providers of alternative leasing/ financing solutions, an observation confirmed by strong and sustained demand since Company launched a pilot project to test its service offering in 2016.
Geographically, the primary focus is the Romandie (French-speaking) region of the country, where there are currently no local competitors with a comparable service offering.
Capital required: EUR CHF 5-7 M in debt and/ or equity
Company’s founders launched a pilot project, financed with own funds, in 2016. The pilot confirmed demand for its service offering and the economic viability of same.
Since operations commenced, more than 1,200 client requests for fleet funding have been received, either by e-mail, via Company’s website or by phone. Accordingly, Company has a solid and available pipeline in place.
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