Lease It

What Lease It does

Lease IT Public Company Limited (ticker: LIT) is a Thailand-domiciled, non-bank financial institution founded on August 25, 2006 as the financial arm of SVOA Group and listed on the Market for Alternative Investment (MAI). The company lends to Thai SMEs whose customers include government agencies, state enterprises, and large private companies, addressing the structural cash-flow gap that arises from long public-sector payment terms (30-90+ days) and the difficulty SMEs face obtaining collateral-based bank financing. Headquartered in Bangkok's Yannawa district with 51-100 employees, it operates a relationship-led model anchored by assigned Business Growth Advisors.

The product platform comprises nine financing instruments: factoring (converting bills and work-acceptance certificates into cash within 24 hours at up to 90% of document value), project backup finance (up to 70% of contract value), bid bond and E-bidding guarantees for government tenders, letter-of-credit facilities (issued through partner banks for cross-border procurement), leasing and hire purchase (1-5 year terms), supplier finance, short-term business loans, and a consumer BNPL application called Ulite. Pricing is transaction-based with a stated maximum interest rate of 1.25% per month on factoring and project finance, and minimum rates as low as 0.9% per month disclosed on the corporate website; credit limits extend to 50 million THB per relationship with no collateral required for most products.

Revenue is generated primarily through interest, transaction fees, monthly guarantee fees, and lease/BNPL installment charges. Distribution runs through direct sales, a 16-line call center, online self-service applications, and the Ulite mobile app. The company reports cumulative disbursements above 75,000 million THB to over 6,000 SME customers, FY2568 net profit of 11 million THB with revenue up 57% year-over-year, and Ulite app downloads exceeding 1.8 million.

Name

Lease It

Legal name

Lease IT Public Company Limited (บริษัท ลีซ อิท จำกัด (มหาชน))

Website

https://leaseit.co.th

Company type

Public

Founded year

2006

Operating status

Operating

Headcount range

51–100 employees

Short description

Lease It is a Thai non-bank lender that provides factoring, project finance, bid bonds, leasing, and letter-of-credit facilities to SMEs serving government agencies, state enterprises, and large private companies, plus a BNPL consumer app called Ulite.

Ownership category

akta.pro rank

Product category

Non-Bank Financial Services

NAICS

Commercial and Industrial Machinery and Equipment Rental and Leasing (5324), Passenger Car Leasing (532112)

SIC

Finance Lessors (6172)

akta.pro primary industry

SME Equipment & Asset Finance (Leasing, Fleet, Capex) (FSABABAH)

akta.pro secondary industry

Leasing & Lease Buyout Financing (FSAKADAC)

Keywords

• SME lending
• Hire purchase financing
• Factoring services
• Bid bond services
• BNPL applications

Headquarters

HQ city

Chong Nonsi

HQ country

Thailand

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Factoring (Account Receivables Purchase): Short-term lending service where businesses sell their accounts receivable (invoices, work acceptance certificates) to Lease It in exchange for immediate cash, typically up to 90% of the document value within 24 hours. Revenue generated through interest and fees charged on the advanced amount. Maximum interest rate of 1.25% per month.
2. Project Backup Financing: Working capital loans for SMEs executing government or large corporate contracts. Provides up to 70% of project value to fund procurement, raw materials, and labor. Revenue from interest income at rates up to 1.25% per month.
3. Bid Bond & E-Bidding Guarantee: Issuance of bid bond guarantees for SMEs bidding on government procurement (G-Procurement) tenders. Revenue generated through monthly fees based on the bid bond tenure and value.
4. Leasing & Hire Purchase: Asset financing where Lease It pays the full value of assets (machinery, vehicles, equipment) to sellers, and customers repay in equal monthly installments over 1-5 years. Revenue from interest/lease payments.
5. Letter of Credit (L/C): International trade financing facility enabling SMEs to open L/Cs for importing goods. Revenue from L/C issuance fees and associated charges.
6. Supplier Finance: Supply chain financing program that enables suppliers to receive immediate payment upon invoice submission, while buyers extend payment terms. Revenue earned through financing fees.
7. Ulite BNPL (Buy Now Pay Later): Consumer installment service via the Ulite app, allowing purchases up to 50,000 baht without a credit card across 10,000+ brand items. Revenue from merchant fees and installment charges.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels8 records

Core offering

Lease It provides non-bank financial services to Thai SMEs, including factoring, leasing, hire purchase, project backup finance, bid bonds, letter of credit, and supplier finance. The company also operates Ulite, a consumer BNPL mobile application that offers installment-based purchases. SME loans are segmented by industry vertical including trading, advertising, transportation and logistics, labor outsourcing, and food and beverage.

Product overview

Lease It is a Non-Bank financial services provider (Public Company Limited) listed on the Stock Exchange of Thailand's mai market. The company operates a platform of 9 distinct SME financing products and services, primarily targeting businesses that serve government agencies, state enterprises, and large private companies. The core products include: (1) Factoring - converting bills to cash within 24 hours; (2) Project Backup Finance - up to 70% of project value; (3) Bid Bond & E-Bidding - government procurement bid guarantees; (4) Letter of Credit - international trade financing; (5) Leasing & Hire Purchase - equipment and vehicle financing; and (6) Supplier Finance - supply chain financing. Additionally, the company offers specialized service packages for different industry verticals (trading, transportation, logistics, labor outsourcing, food & beverage, advertising). The subsidiary brand Ulite provides BNPL installment services through a mobile application. Products are accessible to SMEs with approval typically within 3-7 days and maximum credit limits of 50 million baht.

Differentiator

Problem solved

Functional benefit

Products and services

• Factoring

Named customers7 records

Segments8 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered minor and core.

• Thai Private Sector Collective Action Against Corruption Council (CAC)minorOthers · 31 December 2025CAC (Collective Action Against Corruption) is a Thai private sector initiative certified by the CAC Council. Lease It became an official member on December 31, 2025, committing to anti-corruption business practices.
• SVOA GroupcoreStrategic or Co-development PartnerSVOA Group is the parent company and founding entity of Lease It. Lease It was established on August 25, 2006 as the financial arm (Financial Arm) of SVOA, originally providing loans and financial services to SVOA's supplier network. SVOA Group continues to be the controlling shareholder, with founder Jack Min Singh Entanakorn serving as chairman of the group.
• LIT Service Management Co., Ltd. (บริษัท ลิท เซอร์วิส แมเนจเม้นท์ จำกัด)coreStrategic or Co-development PartnerLIT Service Management is a subsidiary of Lease It Public Company Limited, providing complementary service operations within the Lease It group structure.
• Ulite Digital Co., Ltd. (บริษัท ยูไลท์ ดิจิตอล จำกัด)coreStrategic or Co-development PartnerUlite Digital is a subsidiary providing Buy Now Pay Later (BNPL) services through the Ulite mobile application, enabling installment purchases without credit cards. The app has been downloaded over 1.8 million times with sales exceeding 600 million baht, expanding Lease It's reach into consumer finance.
• Thailand Greenhouse Gas Management Organization (TGO / อบก.)minorOthersThailand Greenhouse Gas Management Organization (TGO) is a public organization that certified Lease It's Carbon Footprint for Organization (CFO), validating the company's carbon footprint measurement and commitment to sustainable growth.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• AEON Thana Sinsap (Thailand) Public Company Limited: Leading Thai consumer finance and hire-purchase company, listed on SET. Provides personal loans, credit cards, and hire-purchase for vehicles and electronics. Comparable in consumer lending and vehicle leasing business.
• Krungthai Card Public Company Limited: Thai consumer finance company affiliated with Krungthai Bank. Offers credit cards, personal loans, and hire-purchase financing. Comparable in SME and consumer lending with established brand presence in Thailand.
• Sri Ayudhya Capital Public Company Limited: Thai financial services holding company with leasing and hire-purchase operations. Offers vehicle leasing, equipment leasing, and consumer finance. Comparable in core leasing business targeting SME and consumer segments.
• Ngerntong Lor Public Company Limited: Thai non-bank lender providing vehicle title-backed loans and SME financing. Targets self-employed and SME borrowers with relationship-based lending. Comparable in SME-focused non-bank lending with similar customer demographics.
• JMT Network Services Public Company Limited: Thai non-bank financial services company specializing in debt purchasing, NPL management, and factoring. Direct peer in the accounts receivable and factoring business with overlapping SME customer base.
• Ratchthani Leasing Public Company Limited: Thai hire-purchase and leasing company listed on SET. Offers hire-purchase financing for vehicles, machinery, and equipment to individuals and SMEs. Directly comparable business model in leasing and hire-purchase segments.

Others

• SVI Public Company Limited: Thai electronics manufacturing services company with related-party connections to SVOA Group ecosystem. Comparable as a related/affiliated entity operating in Thai SME commercial space within the same broader corporate network.

Broad incumbents

• SVOA Public Company Limited: Parent conglomerate and original financial arm host of Lease It. SVOA is a Thai IT conglomerate that founded Lease It in 2006 to serve its supplier network. Comparable due to direct ownership relationship and shared customer base in IT/SME verticals.
• Tisco Financial Group Public Company Limited: Thai financial services holding company with banking, securities, and hire-purchase operations. Offers hire-purchase for vehicles and equipment to retail and SME customers. Comparable in SME equipment finance but with broader financial services portfolio.
• Kiatnakin Phatra Financial Group: Thai commercial bank and financial services holding company offering SME lending, hire-purchase, and securities services. Comparable in SME lending targeting Thai mid-market, but with broader portfolio and bank-licensed funding.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/leaseitpcl
• TikToktiktok.com/@leaseit.official

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lease It