Fintech company Clicklease, which provides payment solutions in the commercial equipment space, announced it has closed $63 million in Series A funding led by Sandlot Partners.

"We are absolutely thrilled that Sandlot has decided to invest in Clicklease," said Bart Longson, founder and CEO of Clicklease. "These funds will allow us to accelerate our investment in our already industry-leading technology, expand our team and improve our products to create the best experience for customers and our equipment selling partners."

With a simple and convenient user experience, Clicklease enables innovative payment solutions for small and midsize business customers across the credit spectrum. Clicklease will continue to deliver on its vision of making commercial equipment finance a value-added sales tool rather than a painful, slow and unreliable process.

Headquartered in Salt Lake City, UT, Clicklease is disrupting the commercial micro-ticket equipment finance space with its best-in-class technology and proprietary algorithm, delivering instant approval decisions and same-day funding.

"We couldn't be more pleased to partner with Bart and Clicklease," said Casey Baugh, Sandlot Managing Partner. "This deal well represents Sandlot's investment strategy to back exceptional founders running exceptional businesses."

Sandlot Partners is an independent private investment firm. Since its 2020 inception, Sandlot has invested and manages more than $200 million.