Topi provides a hardware‑as‑a‑service platform that lets businesses rent brand‑new laptops, tablets, smartphones and accessories on fixed monthly terms, turning capital expenses into fully tax‑deductible operating costs. The service includes credit checks, billing, insurance, device upgrades and end‑of‑term options, while retailers integrate Topi’s checkout module to receive upfront hardware value and avoid default risk.
Funding
$54.1M 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.
MBFounders
Product
Problem
Businesses often face high upfront costs and cash‑flow constraints when acquiring IT hardware, leading to under‑utilised budgets, outdated equipment, and complex procurement processes.
Solution
topi offers a hardware‑as‑a‑service platform that lets business customers rent brand‑new laptops, tablets, smartphones and accessories on fixed terms of 6, 12, 24 or 36 months. The retailer integrates topi’s plug‑and‑play checkout module, after which topi handles credit checks, monthly billing, insurance and end‑of‑term logistics. Customers benefit from predictable, fully tax‑deductible OpEx payments, regular device upgrades and the option to purchase, upgrade or return at lease end, while retailers receive the full hardware value upfront and avoid default risk.
Target Audience
Primary customers are B2B buyers in small and medium‑sized enterprises needing IT equipment, and IT retailers or OEMs looking to offer subscription‑based sales to business clients.
Features
- Real‑time digital risk assessment and instant approval engine
- Seamless integration across e‑commerce, telesales and point‑of‑sale channels via API or hosted checkout
- Fixed monthly pricing that includes residual value, making payments fully deductible operating expenses
- Automatic device upgrade cycle with brand‑new equipment and circular‑economy take‑back of used units
- End‑of‑term options (return, upgrade, or purchase) presented transparently at checkout
- Full support for the entire product catalogue, accessories and services