Ridero raises $2.7M to help lenders offer used-car leases
Brock Thompson and Natalie Williams raised the pre-seed from RiverPark Ventures, NY Ventures, and others to let lenders offer used-car leases and balloon loans.
By RuntimeWire Staff · Published
Primary source: PR Newswire Business Technology
Why it matters
Vehicle affordability now turns on financing structure as much as sticker price, with the typical new-car payment at $776 in September 2026. If Ridero can give regional banks and credit unions a way to offer used-car leases and balloon loans, dealers could gain a lower-payment product to sell and lenders could gain volume they currently leave to a handful of specialists. Under Ridero's October 5th, 2026 partnership with AFG, lenders can launch or expand leasing with AFG's residual expertise and guarantees, without taking on residual risk.
Ridero co-founder Brock Thompson and co-founder Natalie Williams have raised $2.7 million in total pre-seed funding to build the financial infrastructure that lets lenders and dealers offer leases and balloon loans on used cars.…
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