Ooodles Raises $12 Million for SME Device Rentals
Ooodles, an innovative fintech company based in London, UK, has successfully raised $12 million in funding to enhance its offerings for small and medium-sized enterprises (SMEs). This significant round of investment was led by Smart Lenders Asset Management and will primarily be utilized to expand Ooodles' circular device-as-a-service rental solution throughout the UK. As the company gears up for its international launch, the additional funds will play a crucial role in solidifying its footprint in the competitive tech rental market.
Founded in 2021 by entrepreneur Leonardo Poggiali, Ooodles is designed to provide a flexible and user-friendly device-as-a-service rental solution tailored specifically for SMEs and professionals.
The platform is fully regulated by the Financial Conduct Authority (FCA), ensuring compliance with commercial hire regulations and safeguarding the interests of its users. By offering monthly rentals for high-end laptops, mobile phones, and other essential IT equipment, Ooodles makes it easy for businesses to access state-of-the-art technology without the hefty upfront costs typically associated with purchasing such devices. Their fully-digital platform streamlines the process from credit approvals to inventory management, allowing businesses to focus on what they do best—growing and succeeding.
Originally launched with a focus on business-to-consumer (B2C) rentals, Ooodles has quickly adapted and evolved to serve the unique needs of SMEs, marking its expansion into this vital market segment. The company has plans to further enhance its services by incorporating artificial intelligence technologies, positioning itself for growth and versatility in an ever-changing landscape. As Ooodles prepares to extend its offerings and explore international opportunities, it remains committed to delivering a comprehensive, hassle-free rental experience that empowers businesses to thrive.
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