Tecfys

Circular subscription for electronic devices

Investment overview

Impact category

Green economy

Investment type

Loan

Yearly interest

6.05

Term

months

Risk level

B-

Tecfys is a home appliance and electronic device subscription company. Customers pay for the use of technology products in exchange for a convenient monthly fee for a set time, with the option to purchase the products.

This campaign aims to finance working capital for Tecfys to expand its business. The funds will be used to:

Purchase more subscription and leasing equipment - including computers, printers, screens, office furniture, water fountains, vending machines, and ATMs.
Refinance a package of ongoing subscription and leasing contracts and keep expanding their client base.

What is the impact?

Direct

Reduction of electronic waste by improving equipment management: through the subscription model, Tecfys contributes to reduce e-waste by ensuring longer lifespan of electronic equipment with preventive maintenance and reconditioning, and promoting successive uses with a focus on optimizing the equipment’s life cycle. After reaching the end of their useful life, Tecfys manages the remanufacturing and recycling of products to be reintegrated into production processes. Currently, Tecfys has over 440 products in subscription model, being used in average for almost 4 years and 90% of them reaching the optimal point for recycling. Furthermore, by offering refurbished equipment to clients, natural resources are saved.
Promotion of circular economy: by extending the lifespan of electronic equipment through maintenance and refurbishment, and enabling successive uses by different clients through their subscription models, Tecfys allows equipment to remain in use, changing the “buy-use-throw away” paradigm for a circular one. After refurbishing, Tecfys donates the equipment to NGOs that will continue to use it until it reaches the optimal point for recycling, which is also overseen by Tecfys.
Awareness for more sustainable consumption habits: Tecfys notifies clients about the proper usage time for the equipment, managing its collection and sending it to refurbishment and further use by NGOs and/or remanufacturing and recycling. Tecfys' clients are informed about the environmental impact of decisions when buying new technology, estimating around 110 kgs of CO2 being avoided by the use of reconditioned products instead of new ones.

Indirect

Supporting social organizations with technology: Tecfys donates functioning equipment to NGOs after it has reached its optimal point to reconditioning, enabling its use until the end of the life-cycle and supporting the generation of social value by each organization.

Contribution to the Sustainable Development Goals
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About the Promoter

About

TECFYS PAY S.L.

GOTECFYS S.L. is a Spanish company founded in 2019. Gotecfys is a parent company that employees the promoter's team and holds 100% of Tecfyspay's shares. Tecfyspay owns all assets, revenues and funds, and Tecfys is their brand and the name of the platform.

Tecfys is a platform that facilitates access to technology and household appliances for individuals and companies in exchange for a convenient monthly fee.

Their service includes the transport of the equipment, installation, and a repair guarantee for the duration of the contract. At the end of the contract, the individual or company can choose to keep the equipment or replace it with a new model. In the second case, Tecfys takes care of recovering the old equipment and repairing it, if necessary, to give it a second life, or recycling the parts to create new equipment and be sustainable.

The promoter operates on a circular economy model that is flexible to fit different needs in terms of products, monthly price, and subscription duration.

Promoter website

https://tecfys.com/

Team
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[{"id":318,"promoter_id":352,"name":"Miquel Manzanas","description":"He is the Ex CEO & Co-founder of PropCrowd & HiGuests. Miguel Manzanas is also an Industrial Engineer with an Executive MBA in ESADE with more than 10 years expertise in Startups.","link":"https://www.linkedin.com/in/miquel-manzanas-aa35162a/","role":"CEO","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/67e/ffc/b3c/67effcb3c337d936414478.jpeg","avatar_id":185244},{"id":327,"promoter_id":352,"name":"Dimon Bortnyk Darovanets","description":"More than 8 years of experience in financial consulting, controlling and tax, managing multidisciplinary teams, as well as advising international companies.","link":"https://www.linkedin.com/in/dimon-bortnyk-darovanets-b5978b136/","role":"CFO","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/67f/011/141/67f0111419134014048688.jpeg","avatar_id":185255},{"id":328,"promoter_id":352,"name":"Sofia Castelli","description":"Has a degree in Psychology and more than five years of experience in the operations area. During this time, Sofia focused on continuously improving processes and negotiations, always looking for the best practices. Sofia offers an outstanding balance of social skills and business strategy when approaching any project.","link":"https://www.linkedin.com/in/sofiacastellitorres/","role":"Operations Manager","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/67f/658/8c0/67f6588c072f1660018530.jpeg","avatar_id":185810},{"id":329,"promoter_id":352,"name":"Fernando Alonso","description":"Degree in Economics from the Complutense University of Madrid and MBA from the Autonomous University of Madrid with more than 13 years of experience in the financial sector. Fernando worked in banking both at BBVA and Bankinter, and later took financial and commercial control of El Corte Inglés and Chep, managing a European team of more than 10 people. Fernando has more than 7 years of experience as Commercial Director at Liqui.do and TecfysPay. He focuses on continuous automation and on helping companies acquire the equipment to grow their business through a platform with proprietary algorithms.","link":"https://www.linkedin.com/in/fernando-alonso-luna-45255482/","role":"Sales Director","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/67f/659/55c/67f65955cd53e276695596.jpeg","avatar_id":185811}]

Business Model
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