Vi Partners led the Series A round of LeaseTeq, a company on a mission to offer the world’s most convenient and smart way to lease any car, anywhere. We are looking forward to partnering with LeaseTeq’s proven team, which is on a journey to transform the leasing industry by digitising legacy processes to unlock previously unseen user experiences.

What is LeaseTeq:

LeaseTeq is at the forefront of the leasing industry’s digital shift starting with German-speaking Europe. The company is creating an enhanced and fully digital leasing experience for both the car buyer and seller, incl. OEMs, dealers & partners. End customers enjoy a dramatically reduced time to contract - down to just 15 minutes - while still upholding the highest standards of client qualification.

Dealers, on the other hand, benefit from a simplified, one-step leasing process, which is efficient and seamless, boosting satisfaction.

The Industry-Proven Team:

The team brings together a diverse array of expertise, all aligned with LeaseTeq’s mission. The team consists of industry experts having worked for companies such as Porsche FS, Mercedes Pay, Volkswagen, Cembra, Banknow/CS, ekonoo or Amazon. The founders Anna, Human and Joscha have gained experience amongst others together at Porsche in customer, product, marketing, or sales related functions. The management is extended by Christophe as CTO and Michel as CPO with combined experience at Mercedes Pay as well as Uwe as CFO with experience at Cembra and Banknow. Their combined experience makes them exceptionally well-equipped to tackle the market's complexities. Together, they stand ready to set new standards in their industry.

Enabling New User Experiences:

LeaseTeq streamlines the car leasing process for all parties involved. It provides a comprehensive B2B SaaS solution to car sellers while also catering to end customers across the B2B and B2C segments.

The platform supports the entire lifecycle of a car lease, offering options for initiating a lease, early termination, or purchase, as well as lease conclusion. For sellers, specifically dealers, the company simplifies transactions by allowing the prefilling of a potential buyer’s information. This enables buyers to conveniently drive away with their new car immediately after completing the digital contract at the dealership. Alternatively, contracts can be filled out and finalised digitally elsewhere.

All interactions are facilitated through a user-friendly digital customer portal, ensuring a completely paperless process. As part of our Due Diligence conversations, the dealers using LeaseTeq told us that their experience of selling with LeaseTeq is ten times better than with the legacy competition.

An Industry Ripe for Major Disruption:

The leasing industry in Europe is large and profitable however has been slow to innovate. Similar to the changes banks underwent a decade ago, the industry requires a significant transformation. LeaseTeq is expanding rapidly to become a pan-European leasing platform, currently the preferred digital partner of Tesla and extending its portfolio fast to capture other known brands. As a tech-first car leasing company, LeaseTeq delivers solutions enabling sales consultants to focus on the customer, leaving financial matters out of the purchase experience, thus enhancing the brand experience by a seamless customer journey.

A Vast and Growing Market:

Leasing is becoming the dominant financing mechanism to purchase vehicles. By the end of the decade every second car is expected to be leased. The European vehicle leasing market size is expected to be around EUR 60 Bio. by 2025. LeaseTeq’s competitors (banks or leasing providers) are disadvantaged by legacy IT systems, sluggish innovation capabilities and slow leasing processes: taking up to 5 days for closing a contract. LeaseTeq is the only provider in Europe offering a fully digital experience with automated decision.

The Fast Lane of transformed Leasing:

We are excited to back LeaseTeq's vision of transforming car leasing into the most user-friendly and clever experience globally. In Switzerland, a nation celebrated for its financial industry prowess, standout FinTech ventures are unique. LeaseTeq, since its inception two years ago, has achieved impressive growth within the Swiss market and is now poised to extend its reach throughout Europe.

We are convinced by LeaseTeq’s innovative approach to revolutionise the car leasing sector.

About Vi Partners:

Vi Partners is the longest-established Swiss Venture Capital firm. For more than 20 years, Vi Partners has been supporting innovative Technology and Healthcare companies, investing over CHF 350m in 66 startups. Vi Partners-managed funds are backed by Switzerland’s most visible companies and institutions, including ETH Zurich, ABB, Buhler, Credit Suisse, Hilti, McKinsey, Nestlé, Schindler, Sulzer, Suva and ZKB as well as the European Investment Fund and many other institutional investors.