Everphone secured a €15 million corporate loan from Commerzbank and KfW to finance additional workplace devices for its Device-as-a-Service business.
The company plans to use the proceeds to purchase new laptops, smartphones, tablets, and other workplace devices that are provided to corporate customers’ employees under long-term rental arrangements.
The financing represents an important shift in Everphone’s capital structure.
For the first time, the company is using a corporate loan based on its overall creditworthiness rather than financing secured against individual pools of devices.
The transaction builds on Everphone’s roughly 10-year relationship with Commerzbank, which serves as its primary bank.
KfW is participating through its Venture Tech Growth Financing program.
The participation marks KfW’s second financing involving Everphone following an earlier transaction in 2023 and 2024.
Everphone said the new financing structure significantly reduces its refinancing costs.
The interest margin is approximately 20 basis points lower than under its previous financing.
Because financing costs represent a major component of unit economics in Device-as-a-Service, the company said the reduced margin directly improves profitability.
Longer financing terms are also expected to allow Everphone to purchase larger device volumes at lower unit costs.
This is particularly important for replacement devices, which Everphone provides to customers at no additional charge when hardware fails.
The lower financing costs contributed to Everphone reporting positive earnings before taxes for the first time in August 2026.
KEY QUOTES:
“Everphone demonstrates how technology, the circular economy, and a scalable business model can be combined. We are delighted to contribute with our purchasing financing to enabling Everphone to capitalize on its growth opportunities and expand its market position further.”
Mirjam Kuppe-Klötzer, Senior Specialist Corporate Lending at Commerzbank Corporate Clients
“Especially during the growth phase, scale-ups need financing solutions that combine speed and predictability. This is precisely where we come in with KfW’s Venture Tech Growth Financing together with Commerzbank, supporting Everphone in positioning itself as an integral tech and sustainability partner for its customers.”
Jochen Eichmann, Head of Venture Tech Growth Financing at KfW
“Profitability in Device-as-a-Service is achieved at the unit economics level, and financing costs are one of the biggest items there. Our corporate finance team has set up several facilities in recent years, reducing the interest margin with every round. The structure with Commerzbank and KfW represents the biggest step yet for inventory.”
Veronika von Heise-Rotenburg, CFO of Everphone
