Lenkie
17 Case Studies
A Lenkie Case Study
Unplugged, a fast-growing startup offering off-grid cabin escapes, faced a significant challenge scaling its business. Due to a surge in post-COVID demand, its cabins were constantly fully booked, forcing the company to turn away customers. Unplugged needed a fast and flexible funding solution to finance the construction of new cabins and capture this growth, but as a new business, it lacked access to traditional capital.
Lenkie provided a solution by using Unplugged's booking data to quickly underwrite a cash advance, delivered within four days. This funding allowed Unplugged to immediately begin construction on new cabins. As a result, the company expanded to six locations, more than doubled its monthly revenue, and achieved a 55% return on capital. Lenkie's flexible repayment terms and ongoing relationship provided Unplugged with the instant capital needed to prepare for future demand.
Hector Hughes
Co-Founder