Latest tech idea funding news for you, with Helvetia backing a longer lifespan for phones and laptops. The savings in mineral resources, mining, long distance manufacturing, distribution and retail is potentially huge – all we have to do is upgrade and recycle gadgets instead of throwing them away, or allowing software and phone retailers to render them useless via system updates and non-supported apps.
inki.tech has secured funding from Helvetia Venture Fund, the investment arm of the Swiss insurer group Helvetia, tasked with investing in businesses that will shape the future of the insurance industry. Alongside Helvetia, other financial backers include Autonom and The Mavers.
Having raised over €6m to date, with added support from equity and debt financing. inki.tech pioneers Integrated Insurance in Devices-as-a-Service (DaaS) to create an all-inclusive experience for companies looking to transform the way they manage their team’s laptops, phones and tablets.
The concept of DaaS emerges as a pivotal framework for facilitating this transition, enabling companies to align with the heightened demands for efficiency, sustainability, and agility. The funds raised will drive inki.tech’s international expansion – targeting Western Europe while solidifying its leadership in CEE. With a new NL-based structure, the company is poised for global innovation and is aiming to completely transform device ownership for enterprises. As businesses increasingly prioritize smart cash flow management and eco-friendly practices, they are shifting towards circular economy models, favoring renting assets over buying them.
“To meet growing demands for sustainability, efficiency, and agility, businesses must transform. DaaS offers a vital framework for this shift. inki.tech’s solution seamlessly blends risk management and sustainability, driven by a team deeply committed to the circular economy and backed by insurance expertise.” said Stefano Saeger, Principal at Helvetia Venture Fund.
In light of this, inki.tech has built a DaaS 2.0 offering, with Integrated Insurance and integrated security. This innovative approach, a new InsurTech vertical, fundamentally alters the classical DaaS value proposition and brings complete risk transfer for clients, from accidental damage to residual value risk. In inki.tech’s case, insurance and device security are not a mere add-on (as with most other DaaS providers), they are quintessential components, with the goal of changing the risk landscape for the entire portfolio.
EXTENDING LIFESPANS ON GADGETS
Through this new approach to the risks associated with the devices It connects the clients’ risk transfer and cost predictability needs with the goal of extending the device lifecycle. Each device comes with full-cover insurance as standard, assuring clients of no unexpected expenses or hassles due to device loss or damage and risks including drops, spills, thefts and accidental loss. Together with inki.tech’s integrated device security, it significantly reduces internal device fleet management time
“Integrated insurance has multiple benefits for our value proposition to clients. It not only extends the lifespan of devices through proper maintenance but also lowers the total cost of ownership. By bundling insurance, we eliminates the high cost of acquiring insurance and mitigate adverse selection risk, resulting in cost savings for clients.”, said Liviu Huluță CEO & Cofounder of inki.tech
inki.tech’s platform allows clients to effortlessly manage device logistics, repairs, and decommissioning remotely across borders. They also have the option to upgrade (and downgrade) their devices at any time. This has proven useful to clients in the face of the regular new product launches from companies such as Apple or Samsung.
An important benefit of DaaS is its positive impact on the environment. By redeploying older devices instead of leaving them unused in drawers, it extends their lifecycle, reducing businesses’ carbon footprint and e-waste. inki.tech’s Integrated Insurance, enabling proper maintenance and repairs, doubles device lifecycles. For companies aiming to maximize their green impact through sustainable laptop and phone use, inki.tech’s DaaS offering offers unmatched peace of mind.
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