About

FlexCar provides Greek customer the opportunity to lease cars in a flexible way without any guarantees and commitments. Customers usually require a car for their personal usage and as a status symbol versus their customers, business partners and importantly their employees, so they will prefer to have a newer car rather than a used one and they value FlexCar as a “modern” brand for the same reason. It is worth explaining that due to the high usage of leasing cars by the executives of the large companies and multinationals in Greece, leasing as a concept is considered to be a premium solution and carries high social status as compared to ownership and ease of access in terms of underwriting and ease of entry in terms of unbureaucratic procedures and minimal down payment coupled with the tax benefits make FlexCar an obvious choice.

Solution & Product

Customers usually require a car for their personal usage and as a status symbol versus their customers, business partners and importantly their employees, so they will prefer to have a newer car rather than a used one and they value FlexCar as a “modern” brand for the same reason. It is worth explaining that due to the high usage of leasing cars by the executives of the large companies and multinationals in Greece, leasing as a concept is considered to be a premium solution and carries high social status as compared to ownership and ease of access in terms of underwriting and ease of entry in terms of unbureaucratic procedures and minimal down payment coupled with the tax benefits make FlexCar an obvious choice.

Innovation & Scalability

Τhe total market of 5 million cars, and the addressable market is conservatively speaking the older half of the fleet, which is over 15 years old , and our customer groups which make up approximately 1/5rd of the adult population. If we assume a proportional car ownership rate, and assume the older half of the fleet will renew in the next 10 years, with one third of them choosing a lease (which arguably for them is the best choice) that would yield a market of ~300.000 cars

Traction & achievements

So far as Company, we had reached a lot of goals such as the monthly growth is increasing approximately by 25% , Company's fleet is increasing as well in a monthly basis and the number of customers have been quadrupled. The most important milestone is that during COVID company's growth has not been effected on the contrary as we stated above the growth is increasing steadily.

Team & Why Us

FlexCar's team is consisted in with experienced professionals. Sales department members have a lot of previous experience in sales and this is justified from the enormous sales that they achieve. Receivables team has a lot of previous experience considering the large amount of cash that the Company collects. Operations, Finance and IT teams are consisted from ex-big4 professionals and they apply their previous work experience in order to the Company recognize and settle every issue that arises.

Funding Needs

Following 2020 significant growth, FlexCar needs funds in order to expand its activity in Greek Market and to continue providing Greek Customers its best quality services.