Knave offers a white-label, pay-per-use mobility solution that enables retailers and manufacturers to launch digital rental and subscription programs without the need for inventory management or IT integration. By handling financing, operational tasks, and providing user-friendly web and app interfaces, Knave allows businesses to create a new revenue stream while optimizing their balance sheets.
Funding
$249.5M 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
Retailers and manufacturers face significant challenges when launching rental or subscription programs, including financing inventory, developing IT infrastructure for subscription management, and handling complex operational tasks like training, contract modifications, and repairs. These challenges require cross-functional project management and impact multiple departments, creating a barrier to entry for pay-per-use business models.
Solution
Knave offers a white-label, pay-per-use solution that enables retailers and manufacturers to launch digital rental and subscription programs without upfront investment or complex IT integration. Knave handles the financing of rental inventory, provides white-label web and app interfaces, and manages operational tasks such as invoicing, payments, and claims. This turnkey solution allows businesses to quickly generate additional revenue, optimize their balance sheets by avoiding inventory on the balance sheet, and build a digital customer journey without straining internal resources. Knave purchases and insures the products rented by the retailers' customers, and intermediates all financial flows.
Target Audience
Knave primarily targets retail distribution networks and industrial brands seeking to offer rental and subscription programs to their customers without the capital expenditure and operational overhead typically associated with these models.
Features
- White-label web and app interfaces customizable to the retailer's brand identity
- Comprehensive financing of rental inventory and insurance of assets
- Management of all financial flows, including payments and invoicing
- Handling of operational tasks such as contract modifications, check-ins/check-outs, and damage repairs
- Integration with existing retail networks without requiring IT system integration
- Support for various rental durations, from short-term to long-term subscriptions
- Digital customer journeys tailored to specific business needs