KWIPPED, an online B2B equipment rental marketplace, will be launching an equipment leasing program. KWIPPED’s proprietary platform technology currently facilitates equipment rentals between businesses, organizations and professionals that need to rent specialty equipment and a global network of pre-qualified suppliers.

According to Wellington Souza, CTO, KWIPPED will begin offering customers the option to rent or lease equipment before the end of April. KWIPPED offers renting and will soon begin offering leasing of a vast array of equipment spanning more than 20 industries including: lab and medical, electronic and environmental test, audio-visual, surveying, construction and more.

“We built our online rental platform to serve up multiple supplier options for organizations that need short-term access to highly specialized equipment, but may not have the desire or capital to purchase it. However, there are many organizations that need equipment for longer periods of time, or even permanently, but still can’t or don’t want to purchase it outright. Equipment leasing fills that gap by offering longer terms at monthly rates that are typically lower than rental rates. Ultimately, whether it’s short or long term needs, KWIPPED is enabling businesses and professionals to easily obtain the equipment they need through affordable, non-purchase options,” explains the company’s Founder and CEO Robert Preville.

KWIPPED has partnered with multiple leasing companies that specialize in equipment leasing within the various specific business industries the company serves. Preville says, “Suppliers with expertise in specific asset classes have the ability to assess risk with more precision, which results in the lowest possible rates for KWIPPED customers. We’re leveraging technology to intelligently match customer applications with just the right equipment leasing providers. By making it easy and efficient for professionals to compare offers and identify the best option, we are essentially becoming the “Lending Tree” of equipment leasing.”