A brand new firm is trying to do for B2B {hardware} gross sales what a rising variety of firms have been doing within the shopper sphere, by making it simpler for companies to pay for gear in instalments by leases and subscriptions.
Whereas firms akin to Klarna and Affirm have been pushing fee providers that assist shoppers procure items with out having to pay for the whole lot up entrance, Berlin-based startup Topi launched out of stealth final December with $4.5 million in funding to do one thing related for B2B transactions. On the time, Topi was considerably imprecise by way of what its precise product could be, however the firm right now introduced its first product in partnership with German electronics retailer Gravis, and unveiled a recent $45 million in fairness and debt financing.
{Hardware}-as-a-service
At its most simple degree, Topi is promoting a hardware-as-a-service enterprise mannequin, permitting retailers to lease out their gear akin to smartphones, printers, PC displays, espresso machines, robotic arms, or no matter industry-specific equipment they focus on. Whereas it’s true that many retailers supply financing choices already that permit companies to stagger their funds, this isn’t sometimes built-in straight into the checkout course of — and that, successfully, is what Topi is bringing to the desk.
Topi fee strategies
The issue, finally, is that firms can spend hundreds of {dollars} up-front on bodily items which are important to their operations, leaving them with restricted capital for different business-critical purchases. On high of that, merchandise that they purchase is perhaps outdated or out of date in only a few years.
In tandem, with companies throughout the economic spectrum tightening their purse strings because of financial pressures, retailers shall be on the lookout for new methods to encourage their prospects to proceed spending cash, even when it means on barely completely different phrases.
Topi primarily brings collectively the assorted parts {that a} vendor may want to supply {hardware} subscriptions, together with insurance coverage, logistics, and refinancing suppliers, in order that retailers can simply construct leases into their current on-line channels utilizing Topi’s APIs. So for instance, an electronics retailer may supply a €1,000 MacBook Air for a month-to-month payment of €26.25 payable over three years with a full guarantee included, after which the client can resolve to improve to the most recent MacBook mannequin, return the gadget, or pay the rest of the stability to personal the laptop computer outright. Sooner or later, Topi can even supply Klarna-style instalment fee choices for purchasers who know upfront that they wish to personal the product on the finish.
It’s value noting that Topi additionally helps up-front purchases, so {that a} buyer can resolve to lease an iPhone on the checkout for a two-year interval, whereas shopping for a laptop computer outright. Topi is pitched as a modular platform, in order that retailers can decide and select which parts they need — they will choose simply month-to-month billing and credit score checks, to the complete shebang together with refinancing companions and insurance coverage.
Moreover, whereas the Topi branding is distinguished at checkout with the inaugural product, the corporate mentioned that it plans to supply a white-labeled model that permits companies to incorporate their very own brand.

Topi: Like a Klarna for B2B transactions
Entry over possession
A fast peek throughout the patron know-how sphere reveals a gentle transition from possession to entry. That is evidenced in fields akin to music, the place subscription streaming providers from the likes of Spotify and Apple Music now outweigh bodily format or obtain gross sales. And the so-called round financial system is driving demand for shopper electronics leases that features smartphones, and even vehicle subscription providers.
There’s proof of this shift elsewhere within the B2B area too, with Munich-based Klarx specializing in development gear leases. So it’s clear there’s a motion away from possession, one thing that Topi cofounder Charlotte Pallua mentioned different retailers should pay attention to in the event that they’re to remain forward of the curve.
“If conventional retailers wish to keep aggressive and never lose their prospects to these retailers, they might want to begin providing subscriptions as a fee possibility,” Pallua informed TechCrunch.
Pallua earlier labored as a method and enterprise growth supervisor at Apple within the San Francisco Bay Space, the place she led a group tasked with exploring the feasibility of {hardware} subscriptions — Apple has but to launch such a service, however experiences proceed to floor that the Cupertino firm remains to be trying to bolster its recurring income through such subscriptions. Pallua met her cofounder Estelle Merle whereas at Harvard Enterprise College in Boston, and the duo cemented their friendship out in Silicon Valley the place Merle labored briefly at Tesla throughout her MBA earlier than touchdown at German mobility startup Through.
A 12 months on from its basis, Pallua and Merle at the moment are able to launch their companies in partnership with Gravis, an Apple licensed reseller which has 40 bodily shops in Germany along with its on-line retailer. Gravis was a key accomplice as Topi iterated its product by its pilot part.
“We’re excited that our enterprise prospects can now simply subscribe to their IT gear in real-time on the level of transaction, with out tedious processes and bureaucratic paperwork,” Gravis managing director Jan Sperlich mentioned in an announcement. “In our pilot part, round half of our prospects that rented {hardware} by Topi got here again for extra merchandise.”
However arguably extra vital than all of that, Topi isn’t simply targeted on enhancing entry to {hardware} or serving to firms’ cashflows — they see sustainability as a core underlying promoting level behind its product.
“In gentle of local weather change, being sustainable is more and more vital for firms,” Pallua mentioned. “Used units must be given a second life or correctly recycled — a drawer stuffed with outdated units ought to not exist.”
Topi’s funding spherical constituted $15 million in fairness and $30 million in debt, with backers together with Index Ventures, Creandum, TriplePoint Capital, and undisclosed angel traders.