Lease-per-use

The challenge

Currently, leasing contracts are established in fixed amounts for fees. This inflexibility is problematic. Especially in current times, the pandemic has shown people are not able to pay these fixed amounts all the time. In addition to that, leasing companies experience the rise of non-performance loans (NPL) to which extent write off their loans. On the manufacturer side, they also experience low sales due to hesitation to buy new assets from their clients. Regular financing also becomes an obsolete option because their clients do not want to add more burden to their balance sheet liabilities.

The solution

Lease per use enables flexible leasing contracts that follow the financial condition of the business as end-user. This means businesses can purchase critical assets for production without a high upfront fee and get financing based on the utilization/output of the assets. Using big data through IoT sensor technologies and non-destructive testing sampling, we bring one-stop scalable data management and usage-based financing solution to help increase revenue and optimize the NPL ratio of leasing companies.