Grenkeleasing Ag Baden

What Grenkeleasing Ag Baden does

Grenke AG (formerly grenkeleasing AG, ticker GLJ) is a German publicly listed financial services group headquartered in Baden-Baden, operating in more than 30 countries via 125+ own locations. Founded in 1978, the company built its franchise on small-ticket leasing — financing relatively low-value equipment such as IT hardware and software, telecommunications, copiers, medical technology, and eBikes — for small and medium-sized enterprises that have limited access to traditional bank financing. Underlying the offering is a proprietary credit scoring methodology (Scoring-Verfahren) tuned to SME small-ticket risk, supported by digital contract processing (eContract), electronic signature workflows, and an internal Asset Broker remarketing operation in Germany, France, and Italy that handles end-of-lease asset recovery and secondary-market resale.

The business is organized around three integrated pillars: (1) small-ticket leasing as the core revenue and origination engine — annual new business reached approximately EUR 3.3 billion in 2025 with Q1 2026 new leasing of EUR 786.4 million (+4.2% YoY) — (2) grenke Bank AG, which provides free business checking accounts and deposit products to SME clients, and (3) factoring services via grenkefactoring GmbH (now under divestiture as of 2025). Distribution combines a direct field-sales branch network (29 German branches and international subsidiaries) with a specialized dealer (Fachhandelspartner) channel that bundles Grenke financing into vendor sales motions. Revenue is generated through recurring leasing installments on a portfolio that serves over 680,000 active customers, interest spread on banking deposits, transaction fees in factoring, and asset remarketing proceeds; refinance access is further strengthened by EUR 1 billion in cumulative ESG-linked benchmark bond issuance (green in 2023, social in 2024).

Name

Grenkeleasing Ag Baden

Legal name

grenke AG

Website

https://grenke.com

Company type

Public

Founded year

1978

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Grenke AG is a German-listed financial services group (Frankfurt: GLJ) that provides small-ticket equipment leasing, banking, and factoring to over 680,000 small and medium-sized enterprises across more than 30 countries, founded in 1978 and headquartered in Baden-Baden, Germany.

Ownership category

akta.pro rank

Product category

Commercial Leasing

NAICS

Commercial and Industrial Machinery and Equipment Rental and Leasing (5324), Sales Financing (52222), Savings Institutions and Other Depository Credit Intermediation (522180)

SIC

Finance Lessors (6172)

akta.pro primary industry

Leasing & Lease Buyout Financing (FSAKADAC)

Keywords

• Small-ticket leasing
• SME equipment financing
• Business banking services
• Receivables factoring
• Sustainable leasing solutions

Headquarters

HQ city

Baden-baden

HQ country

Germany

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Small-Ticket Leasing: Core business segment financing IT equipment (PCs, notebooks, servers, screens), software, telecommunications, copiers, medical technology, and eBikes for SMEs. Nearly all contracts have full amortization requirements. Revenue generated through leasing installments paid over contract terms.
2. Banking Services: grenke Bank offers business accounts (grenke Business - free of charge), savings products, and fixed-term deposits. Revenue from interest spread and banking fees.
3. Factoring: Factoring solutions to help SMEs maintain liquidity by selling receivables. Managed through grenkefactoring GmbH subsidiary.
4. Asset Brokerage: Remarketing of lease returns through own asset brokers in Germany, France, and Italy. Revenue from sale of refurbished equipment and valuation services.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

grenke AG provides small-ticket leasing of IT equipment, software, telecommunications, copiers, medical technology, and eBikes to small and medium-sized enterprises, complemented by business banking products (free business accounts, savings, fixed-term deposits) through grenke Bank AG and formerly factoring services through grenkefactoring GmbH (sold in 2025). Revenue is generated primarily from recurring leasing installments, interest income on banking products, and transaction fees on asset remarketing via in-house Asset Broker operations in Germany, France, and Italy.

Product overview

Grenke operates as a diversified financial services provider with three core business pillars: Leasing (small-ticket equipment financing for SMEs), Banking (business accounts and deposit products via Grenke Bank AG), and Factoring (receivables management via grenkefactoring GmbH). The company was founded in 1978 in Baden-Baden, Germany, and operates in over 30 countries with more than 125 locations worldwide. The product portfolio centers on providing financial breathing space for SMEs through flexible leasing solutions, supplemented by a sustainability-focused offering including Green Economy Objects financing and the proprietary Grenke Sustainability Index (GSI) for ESG scoring of lease contracts. Recent strategic initiatives include the Green Bond and Social Bond financing programs and the Asset Broker service for circular economy principles.

Differentiator

Problem solved

Functional benefit

Brands

• grenke Business Solutions: Sales and business development entity operating in Germany with 29 branches nationwide
• grenke digital
• Green Economy Objects
• grenke Sustainability Index (GSI)
• House of Benefits
• grenke Integrity Line

Products and services

• Small-Ticket Leasing
• Grenke Bank (Business Accounts, Savings, Deposits)

Quantifiable outcome

• Leasing new business grew 4.2% to EUR 786.4 million in Q1 2026
• +3 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature4 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Intesa Sanpaolo Rent ForYoucoreStrategic or Co-development Partner · 1 January 2025Acquired in 2025, this subsidiary of Italy's largest bank (Intesa Sanpaolo) expands Grenke's presence in the Italian market and strengthens its European footprint in small-ticket leasing.
• Santander Consumer Bank AGminorOthers · 1 April 2024Source of Grenke's current COO, Isabel Tufet Bayona, who was previously Chief Transformation Officer and Generalbevollmächtigte at Santander Consumer Bank AG before joining Grenke in September 2025. This is an executive talent pipeline rather than a commercial partnership.
• Asset Brokers (Germany, France, Italy)coreStrategic or Co-development PartnerOwn asset broker operations in three core markets enable systematic remarketing of lease returns, refurbishment, and resale. These internal operations are central to Grenke's circular economy approach.
• BDL - Bundesverband Deutscher Leasing-Unternehmen e.V.minorOthersIndustry association membership. Grenke participates in the German leasing association for industry representation, networking, and regulatory engagement.
• DAI - Deutsches Aktieninstitut e.V.minorOthersIndustry association membership. CEO Dr. Sebastian Hirsch serves on the board of the German Stock Institute.
• DIRK - Deutscher Investor Relations Verband e.V.minorOthersProfessional association membership for investor relations professionals, supporting best practices in capital market communications.

Scale indicators9 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Deutsche Leasing: German-headquartered mid-ticket and large-ticket leasing specialist serving Mittelstand customers. Direct competitor in German SME equipment financing and a benchmark for domestic scale, though Deutsche Leasing skews larger-ticket than Grenke's small-ticket core.
• BNP Paribas Leasing Solutions: European leader in equipment and asset finance for SMEs and corporates. Closely comparable to Grenke on small-ticket vendor finance, multi-country presence, and the integration of leasing with broader banking services within the BNP Paribas group.
• DLL Group: Rabobank-owned global vendor finance and leasing specialist with a deep small-ticket equipment financing book across multiple asset classes. Most directly comparable to Grenke in business model (vendor/dealer channel, SME focus, multi-asset) and geographic footprint.
• CHG-MERIDIAN: German technology lessor specializing in IT, industrial, and healthcare equipment with a strong remarketing operation across Europe. Comparable to Grenke on small-ticket IT/healthcare leasing and on the circular-economy / asset-brokerage model.
• Siemens Financial Services: Captive finance arm of Siemens offering equipment financing for industrial, IT, and healthcare assets. Comparable on the asset-class overlap (IT, medical technology, industrial equipment) and dealer/vendor channel structure, though with a more captive customer base than Grenke's open dealer network.

Regional players

• LeasePlan: Large European vehicle leasing and fleet management player. Comparable leasing / asset-management operations but focused on auto fleets rather than the IT, medical, and small-business equipment categories where Grenke operates.

Broad incumbents

• TARGOBANK (Banque Populaire group): German consumer and SME bank with equipment leasing and credit offerings. Overlaps with Grenke Bank on SME banking and competes in dealer financing, but as a broad incumbent rather than a specialist small-ticket lessor.
• Santander Consumer Bank: Major European consumer/SME finance provider with sales financing and leasing products. Comparable customer segment and channel-led origination; relevant as both competitor and source of senior executive talent (current COO).

Emerging players

• Ascentium Capital: US-based equipment finance specialist serving SMEs and middle-market customers across IT, office, and specialty equipment. Comparable small-ticket leasing model but U.S.-centric, illustrating the digital-native direction the category is moving toward.
• NFS Leasing: Independent equipment lessor focused on SME and middle-market transactions in the U.S. and select international markets. Comparable on small-ticket vendor-finance model with a digital, faster-origination positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@grenkegroup
• Facebookfacebook.com/GRENKEDeutschland
• LinkedInlinkedin.com/company/grenke-ag

Compliance10 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries6 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 Grenkeleasing Ag Baden