Update

Seed B financing round

February 16, 2023
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Hamburg, Feb. 16, 2023 - Seventure Partners, 4Tree Capital, Innovationsstarter Fonds Hamburg and four business angels jointly invest three million euros in the fast-growing FinTech startup Flexvelop.

In addition to the institutional investors, the four business angels - all of them former investment bankers - are of strategic value with their expert knowledge and personal networks in order to continuously raise additional debt capital for equipment financing. The investment is used to expand into further online stores and partner retailers in order to integrate the new form of B2B equipment leasing there, directly as a clickable payment solution.

"Despite a difficult economic environment, the Flexvelop team was able to convince us with a mature platform, strong traction and Hanseatic charm. We see huge potential in B2B equipment leasing and look forward to actively accompanying the next growth steps and contributing our know-how as well as our contacts."

Dr. Andreas Schenk, Venture Partner DACH at Seventure Partners (Lead Investor)

Flexvelop enables business customers to flexibly rent individual small items of equipment as well as larger collective orders in seconds - "flexing" for short. This means that young, small and medium-sized companies in particular can work with professional equipment without any detours and later decide flexibly whether and when is the best time to buy or return it.

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The Hamburg-based company takes over the invoice and thus the investment risk. In this way, Flexvelop combines the classic advantages of leasing with the freedom of a continuously flexible rental and the familiar speed of an online order. If the customer decides to return a device, a specialized service provider sustainably refurbishes the returned product and feeds it into the recycling economy.

Flexvelop is already present at retailers for catering equipment, office IT and tools. At partner retailers such as Notebooksbilliger.de, WMF or the consumer electronics store EXPERT, "Flexvelop" is already a recommended payment option for tradespeople. In the future, the fully automated payment solution is to be increasingly integrated into the check-out process of online stores in addition to the store floor in order to exploit the scaling potential that presents itself.

After in-house IT development and a successful market entry in 2020, the startup was now able to convince several institutional investors to invest in the team and the innovative business model of Flexvelop, despite the difficult market environment. With the fresh capital, the team is to be doubled this year from the current ten employees to around 20 people and the in-house technical solution is to be further developed.

"Since Flexvelop's inception, we have followed the startup's development with great interest. The team won us over after demonstrating the agility to quickly and purposefully adjust the business model's focus to meet new market needs. We see tremendous demand in B2B equipment leasing and look forward to supporting the team as they continue to grow."

Stefanie Hoehn, Sen. Investment Manager of the Innovationsstarter Fonds Hamburg

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The prerequisites for further growth were created with the move to new office premises. The company has found a new home in the city-famous and listed remise "Halbmondhaus" on Elbchaussee.

"With a full tank and fresh vitamin B, we can now tap further credit lines, meet the high demand and pursue our growth targets unabated. In particular, the strategic added value of our new shareholders makes this round so valuable for us."

Dr. Hans-Christian Stockfisch, CEO Flexvelop GmbH

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Other contributions:

July 13, 2023

On the road

Flexvelop X La Marzocco

๐‚๐š๐ง ๐ฒ๐จ๐ฎ ๐ฌ๐ฆ๐ž๐ฅ๐ฅ ๐ญ๐ก๐ž ๐œ๐จ๐Ÿ๐Ÿ๐ž๐ž ๐ข๐ง ๐ญ๐ก๐ž ๐š๐ข๐ซ? The most important selling point for a barista is his coffee. For the best coffee you need the best espresso machine. Now you can flex it!We are proud to annouce our partnership with the world class company La Marzocco.
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February 16, 2023

Update

Seed B financing round

Hamburg, Feb. 16, 2023 - Seventure Partners, 4Tree Capital, Innovationsstarter Fonds Hamburg and four business angels jointly invest three million euros in the fast-growing FinTech startup Flexvelop.
Learn more >
January 26, 2023

Update

Inauguration ceremony

๐˜ผ๐™— ๐™Ÿ๐™š๐™ฉ๐™ฏ๐™ฉ ๐™ฌ๐™ž๐™ง๐™™ ๐™ช๐™ฃ๐™ฉ๐™š๐™ง ๐™๐™š๐™š๐™ฉ ๐™œ๐™š๐™›๐™ก๐™š๐™ญ๐™ฉ ๐Ÿš€ ๐Ÿง‘๐Ÿš€Not far from the Elbe, so close that you can smell the fish, we have found a home. Next to shining neon signs, packed under thatch, you can meet us in the remise "half moon".
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December 20, 2022

Update

Come to us. Stay yourself.

From code to sales, from full-time to working student:in. You can find more information at www.flexvelop.de/careerWas. For some, this is a new concept, but for us it's everyday life: new work, work-life balance or remote working should no longer be something special.
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November 18, 2022

On the road

EVO Workshop

To infinity and beyond, baby! #evorockets ๐Ÿš€๐Ÿš€๐Ÿš€โ€ Marvin was on the road again. This time in Cologne at the annual SMI Team Meeting of EVO Payments International GmbH.
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November 10, 2022

Technological innovation

WMF Shop API

We launched our API ๐Ÿ’ช And what do you do after such a success? Right. First drink coffee โ˜•๏ธ Because we are very happy to welcome WMF Professional Coffee Machines - DACH as a great partner in our network.
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October 27, 2022

On the road

Payment Summit

At the Payment Summit in Hamburg, Marvin and Hans had the opportunity to discuss "Flexing - Leasing in Checkout" together with Gardy Kanzian, MBA from expert SE.
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October 27, 2022

On the road

Frankfurt spring

Marvin Nelle as a guest at the Frankfurt Spring. In his luggage: our brand strategy. With "Flexen", we have created a thoroughly provocative term that raises dust and sticks.
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October 10, 2022

Technological innovation

Update 2022

We have ventured into #refactoring over the last few months. I.e. we removed 25,000 lines of code in the engine room ๐Ÿงน and added 23,000 fresh lines ๐Ÿ‘ฉโ€๐Ÿ’ป to keep our lead.ย 
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June 23, 2022

Design

Website redesign

The new design for our homepage focuses on customers and dealers. The clear goal is the simple transport of all important information on the subject of flexing. All added values are transparent at a glance.
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May 27, 2022

Technological innovation

Does BNPL offer any added value at all?

Attention, conversation grenade: BNPL is nothing more than "old wine in new bottles"! In our opinion, "Buy now. Pay later." is innovation without added value, or added value without innovation.
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May 27, 2022

On the road

A visit to expert

At Expert's annual general meeting and internal trade fair, we were once again able to present our solution and finally meet and get to know many "experts" in person after a long period of abstinence from Corona.
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May 27, 2022

On the road

Federal Association of German Leasing Companies e.V.

"Ah Flexvelop - there they are!", "May I introduce you?", "Have you met...?". Our impressions of the annual general meeting of the Bundesverband Deutscher Leasing-Unternehmen e.V. (Federal Association of German Leasing Companies).
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May 27, 2022

On the road

Franchise Forum 2022

"Perfect!" - This was the initial reaction in many conversations with franchisors at Franchise Forum 2022 in Berlin.
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