3stepIT, a provider of circular technology services, has expanded into the small and medium business (SMB) sector through the acquisition of platform provider LeaseCloud, one of the fastest-growing Nordic fintech companies.
The acquisition will allow 3stepIT to broaden access to its circular technology lifecycle management model, which has traditionally been available primarily to medium and large enterprises.
LeaseCloud’s equipment subscription platform is designed to seamlessly integrate with hardware distributors and vendors’ portals, providing SMBs with access to leasing as a payment method for B2B e-commerce.
Through advanced automation, an intuitive interface, and direct access to funding with residual value, 3stepIT’s channel partners will be able to streamline credit decisions and reduce administrative burdens for their SMB clients, facilitating access to circular technology without the need to tie up capital.
The platform also offers SMBs a transparent overview of equipment and costs, helping them manage expenses effectively while maintaining flexibility. It enables businesses to upgrade or downgrade leased equipment as needed, ensuring they always have the right tools to do their best work. Additionally, LeaseCloud assumes the risks associated with technology ownership, such as equipment damage or theft, allowing SMBs to focus on growth.
The service is now being rolled out in Sweden, Denmark, Finland and Norway.
Jakob Lagander, CEO of 3stepIT, said: “Making circular technology accessible to tech users everywhere is central to 3stepIT’s mission.
“While large enterprises often have the resources to implement efficient tech lifecycle solutions, small and medium-sized businesses (SMBs) often face significant challenges accessing end-to-end technology management programs. By tailoring solutions to their needs, we want to eliminate barriers to circular technology adoption and ensure that organisations of every size can optimise their technology investments.”
Martin Björnström, founder of LeaseCloud AB, said: “Small businesses expect the same speed and simplicity as consumers when managing their IT needs.
“With LeaseCloud, we’ve built a service that makes leasing as easy as buying online – fast, flexible, and hassle-free. Now, together with 3stepIT, we can bring this solution to even more businesses across the Nordics.”
