LeaseFetcher

LeaseFetcher is a UK-based car leasing comparison platform that simplifies the process of finding and comparing leasing deals from accredited providers, catering to both individual and business clients. Founded in 2017 and headquartered in Glasgow, UK, LeaseFetcher offers a platform for car leasing comparisons. The company was established by Will Craig, who has a background in entrepreneurship. The most recent funding round was a Seed round in August 2017, where the company raised GBP 0.

3 million, led by Digital Impact with participation from Scottish Enterprise. LeaseFetcher specializes in providing a comprehensive car leasing comparison platform that consolidates offers from BVRLA-approved UK leasing companies. The platform allows customers to search for and compare leasing deals on brand-new cars based on criteria such as contract length, mileage, budget, and vehicle specifications. It serves both individual consumers and businesses, enabling effective budget management through fixed monthly payments, and ensures all lease agreements include road tax and are backed by the manufacturer's warranty.

Its offerings cater to personal contract hire (PCH) for individuals and business contract hire (BCH) for corporate clients. LeaseFetcher operates on a commission-based revenue model, generating income through partnerships with lenders and leasing companies. The company introduces clients to a limited number of financial providers who may offer leasing options, earning a commission when users enter into agreements with these partners. The transactions are structured around fixed monthly payments determined by factors such as the initial rental amount and chosen vehicle specifications, ensuring a steady revenue stream through its broker arrangements.

LeaseFetcher plans to utilize the GBP 0. 3 million raised in the Seed round to enhance its platform and expand its product offerings. The company is exploring new geographic markets for potential expansion, focusing on regions within the UK and possibly considering international markets in the future. With the growing demand for car leasing solutions, LeaseFetcher aims to launch additional features on its platform by the end of 2023 to better serve its clients.