Smart Lenders AM has signed an exclusive arrangement with Pony via its Lending Smart Fund 1. Pony is an online lender in the mobility sector operating in 21 different cities in France and Belgium. It finances scooters, bicycles, and other mobility items. The credit is “Pay as you Go.”
Smart Lenders notes that it has supported Pony since 2023.
The company explains that the model is unique as individuals can buy vehicles and, as they wish, privatize them or allow others to rent them on a pay-per-use basis. Pony manages the logistics, charging, and maintenance and shares the revenue from each rental with the owners.
The company aims to triple its fleet over the next two years and is seeking to expand to all French cities with more than 50,000 inhabitants.
Paul-Adrien Cormerais, CEO and Founder of Pony, says the partnership enables the financing of the vehicles while aiding the transition to a “more ecological mobility.”
Erich Bonnet, Chairman of Smart Lenders, said they were proud to support the company and its unique model.
The partnership with Pony comes after having already signed an agreement to finance the activity of the following firms:
- Silvr, European platform in non-dilutive financing of VSEs and SMEs based on their future revenues
- Student Finance, an impact platform for financing professional training
- Triple Dragon, specializing in financing the video game and mobile application industry
- Ooodles, specializing in the financial leasing of high-end technological equipment
Smart Lenders invests in marketplace loans having reviewed platforms in both the US and Europe. The goal is to achieve a high-yielding short-term investment with a competitive risk/reward for their investors.
Smart Lenders AM, approved and regulated by the Autorité des Marchés Financiers (AMF).