Flecto (formerly Rnters) provides a customizable SaaS platform that simplifies and digitises equipment rental operations, including inventory, reservations, customer management, payments, guarantees and access to professional insurance. The product enables companies to create online rental stores and rent items such as photographic and video gear, sound and light systems, game consoles, computers, drones and bicycles. The company transitioned from a peer-to-peer marketplace to a B2B SaaS to address equipment-rental industry needs and help brands offer rental alternatives to buying. With the new funding, Flecto plans to expand its reach into France, Italy and the U.K. The article notes the broader opportunity in a circular-economy market valued at €36 billion in Western Europe. Financially, Flecto has raised €1.2 million in the latest round and previously took €200,000 in May 2020.

Total raised

$1M

Funding rounds

1

Latest round

Equity

Latest activity

Jun 2022