Tenet

Tenet provides an online financing platform for electric vehicles that offers the same competitive interest rates for new and used cars, with no hidden fees or dealer markups. Loans are approved and funded in 1–2 days, up to five times faster than traditional banks, and rate checks are credit‑soft. The service works for purchases from dealers or private sellers and includes budgeting tools to help buyers match financing to their budget.

Traction 10/10

New York, United States · HQ

Founded 2021943K+ followers

Blockchain & Cryptocurrency
Clean Technology
Financial Technology

Updated 5 months ago

Funding

Raised to date

$10MRaised 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.

Funding rounds are not available yet.

Founders

2 founders

Alex Liegl

CEO/Cofounder

Andreas Wallendahl

Co-founder/COO

Product

Problem

Consumers seeking to purchase Tesla or other electric vehicles often face slow loan approvals, higher rates for used EVs, hidden dealer fees, and limited financing options that restrict where they can buy.

Solution

Tenet offers a streamlined financing platform that provides the same competitive rates for both new and used electric vehicles, eliminating traditional bank and dealer markups. Users can obtain loan offers in 1–2 days, up to five times faster than conventional lenders, with no impact on their credit score during rate checks. The service works for purchases from dealerships or private sellers, and includes tools for rate pre‑approval, budgeting, and loan calculation without hidden fees. By handling the entire loan process online, Tenet reduces paperwork and accelerates funding, enabling buyers to secure financing quickly and transparently.

Target Audience

Primary customers are individual consumers looking to purchase or lease a Tesla or other electric vehicle, whether through a dealership or a private sale, who value speed, transparency, and consistent financing terms.

Features

Same interest rates for new and used EVs, removing price discrimination based on vehicle age
No hidden fees or dealer markups; all costs are disclosed up front
Rapid loan approval and funding within 1–2 business days
Credit‑soft rate checks and pre‑approval tools that do not affect the applicant’s credit score
Flexible use across dealer sales, private‑party transactions, and both new and used vehicles
Online calculator and budgeting tools to match financing options to the buyer’s budget