"Don't buy, rent", a new generation renting service of consumer technology, fully in line with the lifecycle of everyday technology. Integrated at the point of sale of established e-commerce.
0% of minimum goal raised
Minimum Target £ 84,000 |
Minimum investment amount £ 30,000 |
Maximum Target £ 775,000 |
Maximum investment amount £ 775,000 |
Wiserentr is a company incorporated in Spain and seeking to initially cover Continental European and also the UK.
Wiserentr founder and CEO Carlos Sanchez pitching at one of Angels Den's events.
Fully digital renting service of consumer technology integrated at the point of sale of existing e-commerce distributors. Users will find the option to rent the product they are interested in instead of buying it or financing it. Users can decide the length of the rental contract.
The service includes an insurance covering incidents and theft as well as flexibility to cancel, extend or even purchase the product at the end of the rental period.
It solves two problems:
1- The mismatch between the way we consumer technology and the price we pay to acquire it. Most devices such as smartphones, tablets or laptops have a fairly long life yet we replace then fairly frequently (smartphones are replaced in average every 21 months in Europe), hence we do not amortise the full price we pay for them. Wiserentr allow clients to only pay for a fraction of the cost which corresponds to the rental period hence saving a significant amount of money.
2- Rental ensures collection and life extension or recycling, which helps to create a circular economy around technology.
The model has two primary sources of income:
1- the renting margin itself, which is calculated in the same way and interest would be.
2- a share of the insurance premium included in the rental
In all gross margin range between 10 and 15% after discounting all transaction costs and also cost of risk. This makes renting a hing margin business much more profitable than consumer finance.
Fully digital renting service of consumer technology integrated at the point of sale of existing e-commerce distributors. Users will find the option to rent the product they are interested in instead of buying it or financing it. Users can decide the length of the rental contract.
The service includes an insurance covering incidents and theft as well as flexibility to cancel, extend or even purchase the product at the end of the rental period.
It solves two problems:
1- The mismatch between the way we consumer technology and the price we pay to acquire it. Most devices such as smartphones, tablets or laptops have a fairly long life yet we replace then fairly frequently (smartphones are replaced in average every 21 months in Europe), hence we do not amortise the full price we pay for them. Wiserentr allow clients to only pay for a fraction of the cost which corresponds to the rental period hence saving a significant amount of money.
2- Rental ensures collection and life extension or recycling, which helps to create a circular economy around technology.
The model has two primary sources of income:
1- the renting margin itself, which is calculated in the same way and interest would be.
2- a share of the insurance premium included in the rental
In all gross margin range between 10 and 15% after discounting all transaction costs and also cost of risk. This makes renting a hing margin business much more profitable than consumer finance.