Cinch Raises $28.8M to Power Sustainable Device-as-a-Service

Cinch, Asia’s leading Device-as-a-Service (DaaS) platform, has secured $28,800,000 in new investment capital from investors. This significant funding round underscores confidence in Cinch's innovative model, which aims to transform how businesses and consumers access and utilize technology. The company provides affordable, flexible access to premium technology, effectively decoupling it from the traditional financial and environmental costs of ownership. The platform operates through a fully integrated subscription model, designed to streamline technology management. For enterprises, Cinch simplifies device procurement, financing, and lifecycle management, optimizing operational efficiency. Consumers benefit from flexible and affordable access to quality refurbished devices, broadening access to essential technology without the burden of high upfront costs. This dual approach solidifies Cinch’s position as a pivotal player in the evolving DaaS landscape across Asia. The newly raised capital is strategically allocated to fuel Cinch's ambitious growth trajectory. The company plans to deploy these funds to expand its operational footprint across key Asian markets and further enhance its DaaS platform. This investment will support technology development, improve service delivery, and scale customer acquisition efforts, ensuring Cinch can meet the increasing demand for its sustainable and flexible technology solutions. A core tenet of Cinch's mission involves embedding circular economy principles directly into the technology ecosystem. By extending device lifespans and actively reducing electronic waste, the company aligns its business objectives with critical sustainability goals. This approach not only provides economic benefits but also contributes significantly to environmental preservation. This investment marks a crucial step in Cinch's journey, enabling it to accelerate its mission of making technology more accessible, affordable, and sustainable throughout Asia, positioning it for continued expansion and impact in the DaaS sector.