Lendscape and Findustrial Forge Partnership to Innovate Pay-Per-Use Financing Solutions

October 21, 2024

Lendscape, the global leader in secured business finance technology, has announced a strategic partnership with Findustrial, specialists in pay-per-use and as-a-service financing models. This collaboration will offer flexible, data-driven financing solutions based on actual asset usage, unlocking new revenue streams for lenders and manufacturers.

By integrating Lendscape’s next-generation asset finance technology with Findustrial’s expertise in pay-per-use models and its digital platform that connects lenders, manufacturers, and businesses, the partnership offers a comprehensive, “plug-and-play” platform for providing pay-per-use financing.

The API-first solution allows providers to offer equipment financing based on actual usage rather than fixed monthly payments, meeting surging market demand for usage-based and sustainable finance models. This is especially valuable in industries such as green energy, manufacturing, construction, and automation, where asset utilisation fluctuates and directly influences end-client revenues.

The partnership offers numerous benefits for lenders, manufacturers, and clients:

  • Flexibility: Providers can tailor and automatically adjust financing based on their clients’ needs and usage data
  • Scalability: The cloud-native platform scales effortlessly with business growth
  • Speed to market: Lendscape and Findustrial’s combination of technology and expertise ensures quick setup and deployment
  • Efficiency: A single platform optimises and simplifies operations
  • Visibility: Clients can track asset use through an online portal

Steve Taplin, Managing Director of Lendscape, commented: “Pay-per-use models are revolutionising the  industry , offering a true ‘win-win’ for all involved. Lenders and manufacturers can turn fixed costs into flexible, sustainable revenue streams, while their clients only pay for what they actually use - boosting satisfaction and loyalty. Plus, these models provide all parties with valuable data on the environmental and social impact of asset use.  We’re thrilled to partner with Findustrial in bringing the benefits of usage-based finance to a broader audience.”

Günter Hehenfelder, CEO and Founder of Findustrial, added:

"This partnership marks a pivotal step in advancing flexible, data-driven financing models. By combining our pay-per-use expertise and digital platform with Lendscape’s advanced technology, we’re delivering a unique, all-in-one solution for developing, delivering, and managing Equipment-as-a-Service. We’re excited about collaborating with Lendscape and empowering businesses to embrace sustainable, innovative financing  that fuels long-term growth.

***ENDS***

About Lendscape

Lendscape is the world's leading technology provider for all forms of secured finance.

With over 45 years of experience and in-depth industry understanding, our dynamic team has designed, developed, and delivered secured lending technology to over 40 markets and some of the worlds' most prestigious banking and financial services providers.

Lendscape supports a range of working capital and asset finance solutions such as factoring, invoice discounting, supply chain finance, asset-based lending as well as asset finance and many other forms of specialist finance.

To learn more, visit www.lendscape.com.

About Findustrial 

Findustrial is a leading provider of advanced financing models like Pay-per-Use and Equipment-as-a-Service, tailored to the needs of machinery manufacturers and their customers. These solutions minimize the investment risks for customers of manufacturers and ensure access to the latest technology while supporting the transition to data-driven business models.

By offering financing options such as loans, leasing, or rental models, Findustrial enables manufacturers to meet the investment needs of their customers. Backed by innovative financing partners, expert knowledge, and a digital platform, Findustrial delivers flexible, sustainable solutions to meet the needs of today’s market.

 

To learn more, visit www.findustrial.io

 

For further information, please get in touch with our press contact:

Email:   Lenore.Gibson@lendscape.com

Tel:        +44 (0) 20 8780 6885