Splend
Financials
Estimates*
USD | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|
Revenues | 12.4m | 18.1m | 18.1m | 18.1m | 12.0m | 16.2m |
% growth | - | 46 % | - | - | (34 %) | 35 % |
Date | Investors | Amount | Round |
---|---|---|---|
$3.0m | Series A | ||
$220m | Debt | ||
$7.2m Valuation: $50.4m | Early VC | ||
* | AUD150m | Late VC | |
* | AUD20.0m | Grant | |
Total Funding | CAD164m |
Related Content
Recent News about Splend
EditSplend is a UK-based startup that operates in the vehicle rental market, specifically targeting professional drivers such as those working for ride-hailing platforms like Uber. The company offers a unique business model, the 'Flexi own subscription', which allows drivers to rent a car on a weekly basis with the option to eventually own the vehicle. This model is particularly attractive to drivers who do not have the capital to purchase a car outright but wish to own their vehicle in the long run.
The company's pricing structure is clear and affordable, with weekly payments starting from £199. The range of vehicles offered includes both standard and electric models, catering to the increasing demand for eco-friendly transport options. Splend's service is designed to be hassle-free, with cars being PCO-approved and ready to go, making it an ideal choice for both new and experienced PCO drivers.
Splend generates revenue through these weekly subscription fees. The company's competitive edge lies in its flexible terms and the ability to 'try before you buy', which reduces the financial risk for drivers.
In summary, Splend is a flexible vehicle rental and purchase solution for professional drivers, offering a range of affordable, ready-to-go vehicles on a subscription basis.
Keywords: Vehicle Rental, Professional Drivers, Flexi Own Subscription, Affordable, Weekly Payments, PCO-Approved, Flexible Terms, Try Before You Buy, Range of Vehicles, Subscription Revenue.