Leading technology and equipment finance providers, Lease Group, has announced the onboarding of its 1000th partner, as its channel solution sees a steady take-up of suppliers.
Lease Group, a channel-only funding service for suppliers in telecoms, IT, AV and energy sectors, saw its partner-base double from 500 suppliers to 1,000 between the beginning of 2020 and the end of 2022.
The funder, who runs a predominantly online solution, says its growth can be attributed to the increase in demand for finance since the pandemic, its expansion into new sectors and the speed and ease at which it makes funding available for suppliers and their customers.
Initially trading as Lease Telecom, and supplying finance for the telecoms sector only, the company rebranded to Lease Group at the end of 2019, opening its services to other sectors and suppliers.
Lease Telecom still operates as a brand under Lease Group, alongside Lease AV, Lease ICT and Lease Energy, and remains the UK’s leading B2B funder of telecoms and smartphones, with a 500-strong partner-base.
Simon Fabb, Director at Lease Group, comments:
“We are absolutely delighted to reach the 1,000 partner milestone. This achievement not only highlights the growth in demand for flexible payment options, but it also tells us that we are doing something right.
“Whilst we are still the market’s leading funder of telephony, and Lease Telecom remains very much a spearhead for the Group, we’ve welcomed and fostered new partnerships in other sectors where high upfront costs have traditionally been a barrier for suppliers looking to get deals over the line.
“Renewable technologies, such as EV charging points and solar panels, have been a key driver for our growth, with over 100 renewable energy suppliers joining Lease Group’s partner-base in 2022 alone.”
The continued evolution of ‘as-a-service’ offerings in the IT and AV channels have also accelerated the company’s channel growth, as suppliers look to offer more attractively priced and sustainable methods of taking the latest tech to market.
“Deploying as-a-service in a way that financially benefits both the supplier and end-user, without compromising on the buying experience, is critical in today’s want-it-now culture.
“The key to running a successful finance programme is to develop a solution that approves finance at a far quicker speed than a traditional bank loan. Our partners have access to our suite of white-labelled finance tools, including instant quote generation, online credit decisions and real-time order tracking. All of which makes offering monthly payment options on the latest tech effortless.”