Everphone, a Berlin-based Device-as-a-Service provider supplying workplace smartphones, laptops and tablets to corporate customers, has secured €15 million in refinancing from Commerzbank and KfW. The financing will support purchases of new devices for long-term corporate rental contracts.
The new facility carries an interest margin 20 basis points below the previous financing structure, reducing inventory financing costs.
Moving to Corporate Financing
The agreement marks Everphone’s first corporate loan for equipment inventory, replacing asset-based financing backed by individual device pools. Financing is now based on company creditworthiness.
Commerzbank has worked with Everphone for around ten years and serves as the main banking partner. KfW previously provided financing in 2023 and 2024 and is participating through Venture Tech Growth Financing.
“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, KfW
Reducing Device Financing Costs
Lower interest costs are expected to improve unit economics across Everphone’s Device-as-a-Service model. Longer financing terms also support larger purchasing volumes and lower per-device costs, including replacement equipment provided to customers following device failures.
“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, Everphone
Reaching Positive Earnings
Reduced financing costs contributed to Everphone recording positive earnings before taxes for the first time in August 2026, marking a profitability milestone for the Berlin-based company.