equipal
Equipal is a fully automated online platform that streamlines asset finance for businesses, letting directors register in 30 seconds, verify identity digitally, and receive same-day pay-out to suppliers via Faster Payments. The platform offers pre-built equipment packages across six industries, automatic document generation with e-signing, and a unified dashboard for tracking equipment, finance, maintenance, and insurance. Rates start from 4.5% flat / 8.75% APR on up to £500,000 of finance.
- Financial Technology
- Software Only
Funding
Funding not disclosed
Founders
Founder details are not available yet.
Product
Problem
Traditional asset finance is time-consuming and paperwork-heavy, requiring directors to navigate lengthy applications, manual verification, and slow approval cycles that delay access to essential equipment. This administrative friction disrupts business operations and slows growth for companies needing machinery, vehicles, and other capital assets.
Solution
Equipal provides a fully automated online platform that streamlines the entire asset finance journey from registration to pay-out. Directors can register in 30 seconds, verify their identity digitally, review pre-built equipment packages or structure custom solutions, and request finance on terms that suit their business. The platform automatically generates all contractual documents for electronic review and signing, then pays suppliers via Faster Payments for same-day delivery of funds. A unified dashboard gives borrowers a single view of equipment, outstanding finance, maintenance schedules, and insurance, removing the need to chase updates or manage multiple spreadsheets.
Target Audience
Primary customers are busy directors and business owners across engineering, construction, recycling, leisure, printing, and transport sectors who need fast, convenient financing for equipment and assets, as well as equipment vendors seeking to offer embedded finance to their customers.
Features
- Fully automated application flow with identity verification completed entirely online
- Pre-structured equipment finance packages for engineering, construction, recycling, leisure, printing, and transport sectors
- Self-service package customization allowing directors to structure finance on their own terms
- Automatic document generation with in-app electronic signing
- Same-day pay-out to suppliers via Faster Payments
- Unified customer dashboard tracking equipment, finance outstanding, maintenance schedules, and insurance
- Vendor tools for introducing clients to finance, building deeper relationships, and accessing free resources