Finloup is a technology company.
Finloup has raised $1.0M across 1 funding round.
Finloup has raised $1.0M in total across 1 funding round.
Finloup is a Greek fintech company founded in 2020, specializing in technology leasing for businesses, enabling access to smartphones, laptops, tablets, and other devices through flexible subscription models without high upfront costs.[1][2][4] It serves freelancers, small businesses, startups, and medium enterprises by solving cash flow constraints, rapid device obsolescence, and asset management burdens, while promoting sustainability via circular economy principles like upgrades, trade-ins, and reduced e-waste.[1][2][4][5] Key features include Open Banking for quick approvals, f-protect damage coverage, Mobile Device Management (MDM) software, and options for returns, upgrades, or purchases at lease end, with plans starting at €44/month for devices like the iPhone 16 Pro (excl. VAT).[2][5]
The company pivoted from a consumer-focused Buy-Now-Pay-Later (BNL) service launched in 2021 to B2B leasing around 2022-2023, enhancing ESG profiles for clients and aligning with Europe's growing device-as-a-service market, projected to capture 11% of e-commerce by 2025 per Deloitte.[1][3]
Finloup originated as a 2019 team project by four founders, officially launching in 2020 in Athens, Greece, with Antonis Prentzas as CEO and Marios Noutsos as CFO.[1][3] It pioneered Greece's first BNL service in April 2021 using open banking for credit assessments, joined Eurobank’s EGG startup program that year, and raised about €100k from angel investors.[3][6] Facing regulatory hurdles and market entry challenges, it gained early traction before pivoting in the past 18 months (as of recent reports) to B2B technology leasing, emphasizing sustainability and ESG benefits for businesses over consumer credit.[1][3]
This shift built on its fintech expertise, partnering with retailers and focusing on circular models to address technology access gaps.[1][3][4]
Finloup rides the device-as-a-service (DaaS) and fintech leasing wave, fueled by Europe's push for circular economies, ESG mandates, and rising e-commerce (11% market share by 2025).[1][4] Timing aligns with post-pandemic remote work demands, supply chain disruptions, and sustainability regulations, enabling businesses to access premium tech amid inflation and cash squeezes without ownership risks.[1][2] It influences Greece's startup ecosystem as an early BNPL pioneer now scaling ESG tech adoption, fostering greener practices and potentially exporting its model abroad amid EU green tech incentives.[3][6]
Finloup is poised for expansion with international ventures, product diversification, and revenue growth via MRR acceleration and strategic partnerships, building on its pivot to sustainable DaaS.[3] Trends like AI-driven MDM, stricter ESG reporting, and DaaS market maturation will shape its path, potentially evolving it from a Greek trailblazer to a European fintech leader in circular tech leasing.[1][3][4] This positions it to redefine business tech access, echoing its founding mission of fair, innovative consumption in a resource-conscious world.
Finloup has raised $1.0M in total across 1 funding round.
Finloup's investors include 99 Startups, ALLVP, Alpha4 ventures, Canaan Partners, Coatue, FasterCapital, Global Founders Capital, Latitud, monashees, Hans Tung, Picus Capital, Silence.
Finloup has raised $1.0M across 1 funding round. Most recently, it raised $1.0M Seed in May 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| May 1, 2022 | $1.0M Seed | 99 Startups, ALLVP, Alpha4 ventures, Canaan Partners, Coatue, FasterCapital, Global Founders Capital, Latitud, monashees, Hans Tung, Picus Capital, Silence, Torch Capital, Xochi Ventures, Y Combinator, Anna Yuan, Ariel Lambrecht, David Vélez, Justin Mateen, Karim Atiyeh, Manolo Atala, Michael Levinthal, Mik Attisani, Oliver Jung, Philippe Teixeira da Mota, Ricardo Weder, Sahin Boydas, Sergio Furio |