Swissquote Teams Up With Tesla to Launch Car Leasing Deal

Swiss leader in online banking and brokerage services provider Swissquote has teamed up with worlds’ biggest electric car manufacturer Tesla.  The two firms will launch car leasing services as they both seek to increase exposure in the credit sector.

“Swissquote is expanding its activities in the credit sector.”

The brokerage company said that it will launch a new digital leasing offering to for its Swiss clients to purchase Tesla cars. The new deal will also assist Swissquote in its plan to tap into evolving trends in the automotive sector.

The partnership with Tesla is critical to capturing the growing interest in electric cars in Switzerland and Europe.

“Swissquote is focusing on a market trend that is moving decisively towards electric cars.”

Swissquote added that leasing has become a popular option in Switzerland when buying new cars. Swiss clients will now be able to access a simplified online leasing process for purchasing electric cars from Tesla.

“Customers can now benefit from an enhanced digital experience that enables swift processing of their leasing requests.”

Swissquote Partners with PostFinance

In related Swissquote news, the firm also entered into another major partnership with PostFinance last month. As the two leading online financial services providers in Switzerland, the two firms extend their partnership with a joint venture.

“The two companies plan to launch a digital banking app and have signed a letter of intent,” the statement read.

Swissquote also said that the joint venture would help the firm to develop its wide range of digital banking services. Innovative drive in digital banking services inspired the two partners to launch the “Banking & Beyond” product in 2021.

Swissquote and Tesla Record

Swissquote and Tesla are among top companies that have reaped massive gains amidst the Coronavirus pandemic. In the first of 2020, Swissquote reported impressive performance with net revenues estimates at over CHF 160 million. The firm also expects a pretax profit of CHF 100 million in 2020.

Meanwhile, Tesla shares surged 4% on December 1^st as Dow Jones added the company to its S&P index. The news immediately resulted in the purchase of nearly $73 billion worth of Tesla shares.

Swissquote was founded in 2000 and offers financial services with innovative solutions and analysis tools.  The firm also offers various low-cost online trading services, Forex, and Robo-advisory and Mortgages.  The firm is headquartered in Gland Switzerland with regional offices in Bern Zurich, Dubai, London, Hong-Kong and Malta.