Gowago grows by 150 percent in the first quarter

Zurich – Gowago’s online car leasing business grew by 150 percent in the first three months of 2024 compared to the same quarter of the previous year. The company records 8,000 additional customers. Its artificial intelligence calculates the price and residual value of 18,000 vehicles online.

Gowago grew by 150 percent in the first quarter of this year compared to the same period last year. According to a press release, the market share of the brand-independent company, which was founded in 2017, also increased to 3.5 percent of the entire leasing industry. According to Gowago, the influx of over 8,000 customers contributed to this positive development.

Gowago handles everything digitally, from the selection to the signing of the contract. Artificial intelligence developed in-house calculates monthly installments and residual values for over 18,000 new and used cars directly on the platform. In all this, Gowago works together with Migros Bank and Baloise Insurance. The company also reportedly has a 4.8-star customer satisfaction rating on Google, the highest among Swiss leasing providers.

"It's great to see that our work is bearing fruit and that the growth curve is continuing upwards," said co-founder and CEO Rutger Verhoef. "With our offers and services, we give customers a completely transparent overview of the monthly costs of their personal mobility without any surprise additional charges."

According to Verhoef, Gowago has further intensified its customer focus. The company is therefore in the process of building more user-friendly tools: "We want to further expand our market share and be the leader in vehicle financing in Switzerland." ce/mm

View full article