Celebrating another transformative year for Leasepath.
Westlake Village, CA (February 23, 2023) — Leasepath, the cloud-first Intelligent Workplace Finance Origination (LOS) and Customer Engagement (CRM) platform built for asset finance, has announced another year of exceptional growth, marking the third consecutive year of total revenue growth at or above 45% annually. Leasepath also added several new customers and booked over 400 new user seats on its market leading solution for Lease and Finance Originations on Microsoft Dynamics 365 for Sales, the world’s leading CRM platform.
“ARR (annual recurring revenue) from SaaS sales grew by 51% in 2022,” said Jeffrey Bilbrey, CEO, “and we invested every bit of that back into the company by hiring more teammates, continuing significant R&D spend on new IP coming this year, and providing training and professional development to all our teammates.”
To keep up with unprecedented growth, Leasepath also increased its team size by 40% in 2022, adding new teammates in delivery, development, quality assurance, operations, and customer success. “Sustaining such compound annual growth presents distinct challenges, so we’ve really focused on building Best Practices to bolster our efficiency and improve our focus on delivery excellence. We are grateful to all our customers that worked hand-in-hand with us to achieve so much implementation success this past year,” said Michael Baez, VP of Customer Strategy and Professional Services.
Leasepath’s continued growth and commitment to providing cutting-edge technology solutions for equipment finance and leasing businesses is a testament to its unwavering dedication to serving its clients with distinction.
About Leasepath
Leasepath is the Intelligent Workplace platform for Customer Engagement (CRM) and Origination (LOS), purpose-built exclusively for the equipment finance industry. Leasepath is powered by the Microsoft Power Platform to provide a proven, cloud-first solution complete with configurable, dynamic, automated solutions for pricing, amortization calculation, asset management, tax, documentation, and integration with mission critical applications like e-mail, e-signature, and KYC credit and data providers. Leasepath is the preferred choice for equipment finance businesses to win more deals, risk less, and profit more. One of the Inc. 5000’s fastest growing companies in the US, Leasepath serves Banks, Independent Finance, Captive Finance, and Brokers across North America, the United Kingdom, and Australia. Learn more about Leasepath by visiting www.leasepath.com.
