Kafene

Consumer leasing with flexible payment options

New York City, New York, United States

About Kafene

Kafene provides lease-to-own options for various products such as furniture, appliances, electronics, tires, and wheels, targeting consumers who seek financial flexibility without the need for upfront payments. Customers can apply online without a credit check, ensuring that their credit score remains unaffected. Upon approval, which can reach up to $5,000, customers can lease products from their preferred stores with customized payment options tailored to their needs. Kafene stands out from competitors by offering a straightforward application process and flexible payment plans, along with a strong focus on customer satisfaction, including accommodating changes in payment schedules. The company's goal is to provide an accessible and affordable leasing solution that empowers consumers to acquire the products they need without the burden of immediate payment.

New York City, New YorkHeadquarters
2019Year Founded
$74.9MTotal Funding
DEBTCompany Stage
Fintech, Consumer GoodsIndustries
51-200Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
401(k) Retirement Plan
Unlimited Paid Time Off
Gym Membership

Risks

Increased competition from fintech companies could erode Kafene's market share.
Regulatory scrutiny on lease-to-own agreements may impact Kafene's business model.
Economic downturns could lead to higher default rates, affecting revenue and profitability.

Differentiation

Kafene offers a no-obligation return policy, unlike traditional debt products.
Their AI-based underwriting provides personalized and efficient customer experiences.
Kafene's app-based point-of-sale solutions cater to mobile-first consumer behavior.

Upsides

Partnerships with large retail groups expand Kafene's market reach and customer base.
Recognition as a top startup employer enhances Kafene's reputation and attracts talent.
Recent funding rounds enable Kafene to scale operations and reach more consumers.

Funding

Total raised$74.92 M
Latest valuation$63.00 M
StageDEBT