London fintech, Ooodles, secures $12 million for expansion.
Ooodles, a London-based fintech company, has recently secured $12 million in funding. The investment round was led by Smart Lenders Asset Management and aims to support the company's growth and expansion plans. Ooodles offers a unique device-as-a-service rental solution for tech hardware, catering specifically to SMEs in the UK. The company intends to utilize the funds to expand its circular offering across the UK and prepare for international expansion.
Founded in 2021 by Leonardo Poggiali, Ooodles provides SMEs and professionals with a flexible and convenient rental solution for tech hardware.
The FCA-regulated platform allows users to access high-quality laptops, phones, and other IT tech on a monthly rental basis. The end-to-end platform handles all aspects of the rental process, from credit approvals to inventory management and upgrades.
Initially launched as a B2C rental service for consumers and individual professionals, Ooodles has seen organic growth and expanded its offerings to address the needs of SMEs. The company now plans to further enhance its services by incorporating AI technologies. Additionally, Ooodles has ambitious plans to expand its operations beyond the UK and enter international markets.
| Business Name | Ooodles |
| Website | www.ooodles.com |
| Location | London (UK) |
| Market | Fintech |
Team
| Role | Name |
|---|---|
| Founder | Leonardo Poggiali |
Investors
| Role | Name |
|---|---|
| Investor | Smart Lenders Asset Management |
