Alychlo joins capital increase Lizy

LIZY, the Belgian market leader in second-hand leasing, turns five and is celebrating in style. After expanding into France and tripling its turnover by 2023, the scale-up is now raising EUR 11.5 million in fresh capital. With that injection, the company is aiming for market leadership in Europe. “The demand for affordable electric leased cars continues to grow, a gap in the market that LIZY is filling,” it says.

Since 2019, Brussels-based scale-up LIZY has been making leasing easier and cheaper for the self-employed and SMEs. These can enter into a fully digital leasing contract for quality second-hand cars with them. The formula works: the company quickly became the Belgian market leader in second-hand leasing and expanded into France. Moreover, thanks to its digital approach, LIZY emerged unscathed from the corona pandemic: the number of employees even doubled in two years.

All this inspires confidence among investors. LIZY enters its fifth anniversary with a 4 million euro capital increase, backed by a consortium of existing investors: Alychlo, D’Ieteren Automotive and NewAlpha. In addition, new partner Welvaartsfonds is getting on board with a debt financing of 7.5 million.