Siemens Financial Services (SFS) has partnered with Lease Group, an independent equipment and technology financier, to offer quick and easy credit decisions through Lease Group’s online financing platform.
In a press release, the group said that by leveraging the Application Programming Interface (API) capabilities offered by SFS, Lease Group can typically provide its customers with credit decisions within five seconds.
Go deeper with GlobalData
The collaboration was initially driven by SFS’s interest in smartphone financing when Lease Group sought an optimal funding partner capable of financing a diverse range of equipment while supporting its lean business model.
This new integration ensures that credit decisions are definitive, with SFS providing approved deals. Technology vendors using the platform can track their orders from documentation to signature to payout, offering full transparency.
Simon Fabb, Co-Founder & Group Marketing Director at Lease Group, commented: “With SFS, we don’t need to pitch or explain what we sell; they already have a knowledge base in multiple industries. Coupled with great support, service, and account management, it is a really good fit for our business growth path.
“More often than not, Siemens also manufactures the equipment we’re financing, such as EV chargers. This is especially helpful when a supplier approaches us about a new product or emerging technology. Speed is critical in these situations, and we’re able to provide a quick decision on whether we can offer financing or not.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataJames Twineham, Account Development Manager – Broker Finance at Siemens Financial Services, added: “It’s a delight to work with a fellow tech expert and support Lease Group in competing with some of the bigger players in the field. Lease Group is an excellent example of how businesses can gain a serious edge by leveraging finance and digital solutions. The near-perfect approvals rate speaks for itself.”
