The API (application programming interface)-first solution allows businesses to offer clients equipment financing. Credit: PeopleImages.com – Yuri A/Shutterstock.

UK-based Lendscape has formed a strategic partnership with Findustrial to offer pay-per-use financing solutions, aiming to reshape the asset finance sector with flexible and data-driven options.

This collaboration combines Lendscape’s asset finance platform with Findustrial’s EaaS expertise to provide a “plug-and-play” solution for lenders and businesses.

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The partnership is aimed at unlocking new revenue streams by delivering flexible financing solutions that adjust payments based on actual asset usage.

The integration of Lendscape’s asset finance platform with Findustrial’s pay-per-use and EaaS models offers a comprehensive solution for companies seeking to innovate in the asset finance sector.

The cloud-native and API-first solution allows businesses to offer clients equipment financing that reflects asset utilisation, a crucial feature for industries like manufacturing, construction and automation where usage can significantly vary.

This model ensures that clients pay for what they use, rather than a fixed monthly rate.

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The pay-per-use financing model offered by Lendscape and Findustrial is highly adaptable, catering to leasing, credit or rental options.

This flexibility will allow businesses to match payments with the actual benefits derived from asset usage, potentially increasing customer satisfaction and fostering loyalty.

Furthermore, leasing rates can be automatically adjusted in response to changes in usage, ensuring cost efficiency.

With this partnership, Lendscape and Findustrial are poised to serve a wide array of industries, from machine tools to robotics and recycling systems.

Headquartered in London, Lendscape has more than 190 employees. It has regional offices in California, Sydney and Singapore.