Everphone Secures 15 Million Euros in Refinancing from Commerzbank and KfW

The Berlin-based Device-as-a-Service company Everphone has restructured the financing of its device inventory ahead of schedule. Commerzbank and KfW are providing the company with a total of 15 million euros for this purpose. For the first time, the financing is not based on individual device pools but rather on a corporate loan secured by the company’s creditworthiness. At the same time, the interest margin has decreased by 20 basis points compared to the previous financing arrangement.

Everphone will use the capital to finance the purchase of new smartphones, laptops, tablets, and other workplace devices. These will then be leased to companies under long-term Device-as-a-Service contracts and used by their employees.

First-Ever Financing Based on Corporate Creditworthiness

The change in financing structure is an important step for Everphone. Until now, the company had relied on asset-based financing to fund its device inventory, in which the financed devices or device pools serve as the basis for financing. The new corporate loan, however, is based on the company’s creditworthiness.

For a business model like Everphone’s, access to debt capital is particularly important. The company must first purchase devices before the acquisition costs are recouped through customers’ ongoing rental payments. The faster the business grows, the greater the capital requirements for the device inventory become.

Commerzbank and KfW Provide 15 Million Euros

The new financing is being provided jointly by Commerzbank and the state-owned development bank KfW. According to Everphone, it has been working with Commerzbank for ten years. The bank also serves as the company’s primary bank.

Scale-ups, especially during their growth phase, need financing solutions that combine speed and predictability.

Jochen Eichmann, Head of Venture Tech Growth Financing at KfW

KfW is participating through its Venture Tech Growth Financing program. The development bank had previously participated in financing rounds for Everphone in 2023 and 2024. This marks KfW’s second financing commitment to the Berlin-based company.

Lower Financing Costs Improve Unit Economics

In addition to the new structure, the terms are particularly important for Everphone. According to the company, the interest margin is 20 basis points lower than in the previous financing arrangement.

In a Device-as-a-Service model, financing costs have a direct impact on the profitability of the individual leased devices. The more affordably Everphone can finance smartphones, laptops, and other hardware, the lower the cost of capital will be over the respective lease term.

CFO Veronika von Heise-Rotenburg therefore describes the new structure as the biggest step to date in financing the device inventory. She notes that the corporate finance team has established several facilities over the past few years, gradually reducing the interest margin in the process.

The new terms are also expected to enable Everphone to purchase in larger volumes. This, in turn, could lead to lower unit costs when purchasing devices. This applies, among other things, to replacement devices, which the company provides to its customers free of charge in the event of defects.

Everphone Reports Positive EBT for the First Time

Alongside the refinancing, Everphone announced another financial milestone. According to the company, it achieved a positive earnings before taxes (EBT) for the first time in August 2026. The more favorable financing terms are said to have contributed to this development. However, Everphone does not provide specific details on the amount of the earnings or the current revenue trend in the announcement.

Furthermore, a single month of positive EBT does not yet equate to sustained profitability over a full fiscal year. Nevertheless, this step is significant for a capital-intensive business model.

Cost of debt becomes a growth factor

The new financing also highlights a distinctive feature of the Device-as-a-Service model: growth depends not only on acquiring additional customers, but also on the terms under which the necessary device inventory can be financed.

For Everphone, the switch to a corporate loan therefore means more than just additional liquidity for new hardware. Financing based on the company’s creditworthiness, combined with a lower interest margin, can increase the scope for further growth. The key question now is whether Everphone can sustain the positive EBT—achieved for the first time in August—over a longer period. The new €15 million financing at least creates more favorable conditions on the cost side for this.