TFC’s leasing solution helped a customer transition from the start-up phase to a mature global company.
Customer Background:
- Global developer of mobile games
- Start-up company
- 1,000 employees
- Private equity backed company
Financing Challenge:
In order to support the development of the mobile game apps, our customer had a need to significantly invest in their technology infrastructure. This large investment allowed the company to monitor hundreds of thousands of players in its real-time mobile games. Due to the fact that this customer was an early start-up and backed by private equity investors, it did not gain interest from traditional lenders. Being in the early start-up phase, they were looking to conserve cash by leasing their technology equipment.
TFC’s Solution:
Since TFC is independent from a parent manufacturer, we were able to provide a solution to the customer that was not tied into the purchase of a specific solution. TFC allowed the customer to shop each of the major manufacturers and consider the solution that best fit their needs.
TFC effectively helped the CIO and his team streamline acquisition, asset information and disposal. These improvements included:
- Quarterly installation and documentation
- Reduction in the number of annual lease agreements
- Order management provided by TFC Relationship Manager
- Newfound flexibility to change platforms with ease
By taking the time to fully understand their story, TFC was able to establish several millions of dollars in lease lines of credit that the customer needed for their growth, allowing the customer to invest over $40MM in their marketing since 2014.
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