Clicklease provides financing solutions to equipment sellers and their customers. The company’s goal is to speed up digitization in the face of old-world business systems and practices. Services offered from Clicklease have disrupted the commercial micro-ticket equipment finance space and aim to deliver instant approval and same-day funding.
The release noted that Clicklease has enabled payment solutions for small- and medium-sized businesses (SMBs) across the credit spectrum. The idea is to make commercial equipment finance a value-added sales tool, improving on what the company said used to be a cumbersome process.
The new funding round comes with a leading investment by Sandlot Partners.
“We are absolutely thrilled that Sandlot has decided to invest in Clicklease,” said Bart Longson, founder and CEO of Clicklease. “These funds will allow us to accelerate our investment in our already industry-leading technology, expand our team and improve our products to create the best experience for customers and our equipment selling partners.”
“We couldn’t be more pleased to partner with Bart and Clicklease,” said Sandlot Managing Partner Casey Baugh. “This deal well represents Sandlot’s investment strategy to back exceptional founders running exceptional businesses.”
In other B2B news, the streamlining of payments has been continuing. Payoneer Chief Operating Officer Keren Levy told PYMNTS that the orchestration of payments has been happening for some time, but is only now taking off worldwide. She said that in the course of the last 18 months, there has been a second wave of payment orchestration, where more merchants have been in need of global and digital services. Those companies have begun realizing they need a better system for global payment solutions.
This comes as payment methods grow every day and regulatory schemes might change depending on what jurisdiction one is in.
“This is where the orchestration plays a role — in helping those merchants build something that intermeshes between the different providers and gives them some level of flexibility when they want to ride those trends of being more global,” Levy explained.