The startup provides financing solutions for eco-friendly personal mobility options through a streamlined digital application process and customizable repayment plans. This service targets the financial barriers that hinder consumer adoption of sustainable transportation alternatives.
Funding
$1.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Consumers often face financial barriers when trying to adopt eco-friendly personal mobility options like e-bikes and bicycles. Traditional financing options may be limited, require credit cards, or offer inflexible repayment plans, hindering the widespread adoption of sustainable transportation.
Solution
Easyride, by Fundbox Asia, provides accessible financing solutions for consumers looking to purchase eco-friendly personal mobility devices. Through the Easyride mobile application, consumers can shop for e-bikes and bicycles at partner merchants and pay over time with payment plans extending up to 36 months. The application streamlines the financing process by allowing users to register quickly using Singpass and offering flexible installment plans to individuals, even those without credit cards. By scanning a QR code or inputting an invoice number, customers can select their preferred installment option and payment method, making sustainable transportation more financially attainable.
Target Audience
The primary target audience includes consumers in Southeast Asia seeking financing options for e-bikes, bicycles, and related accessories to promote eco-friendly personal mobility.
Features
- Mobile application for iOS and Android platforms
- Registration via Singpass for streamlined onboarding
- Financing plans up to 36 months
- No credit card required
- QR code and invoice number scanning for purchase integration
- Bill history to organize applications, bills, and invoices
- Contact sharing for referrals and alternative contacts