Beequip finances heavy equipment (used and new) for the construction, infra, agri and logistics sector. SMEs are the engine of the Dutch economy. Beequip allows Dutch companies to grow through the use of leasing solutions for various classes of equipment, such as excavators, cranes and barges. Beequip has provided € 1 billion in leases in the last 5 years.
Beequip has seen a surge of equipment lease applications. While this is great for business, it’s not necessarily great for their customers. Each lease application requires manual checks – a timely process resulting in delays, and ultimately a scale-up challenge for the company. On average, it took Beequip 35 minutes to assess each lease application. This was too long, and it was quickly recognized that this formed a bottleneck for further growth. The speed of client acceptance needed to be increased reliably.