US online auto retailer Vroom has announced a $146 million Series G funding round led by AutoNation, a national dealership with over 360 outlets.
Vroom offers thousands of low-mileage, reconditioned vehicles with delivery directly to consumers.
It will use this new round of investment to invest in key technologies and processes, expand marketing and develop its management team.
Dec 12, 2018
US online auto retailer Vroom has announced a $146 million Series G funding round led by AutoNation, a national dealership with over 360 outlets.
Vroom offers thousands of low-mileage, reconditioned vehicles with delivery directly to consumers.
It will use this new round of investment to invest in key technologies and processes, expand marketing and develop its management team.
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Digital small business lending pioneer iwoca has connected leading banks Barclays and HSBC to its platform through Open Banking.
The finance company now has connections to three of country’s largest banks after it completed the first ground-breaking agreement with Lloyds Bank in November.
As a result of the expansion, 60% of iwoca’s customers can now make use of Open Banking services, under which customers can give verified third-parties secure access to their bank data to speed up the lending process.
Dec 12, 2018
Digital small business lending pioneer iwoca has connected leading banks Barclays and HSBC to its platform through Open Banking.
The finance company now has connections to three of country’s largest banks after it completed the first ground-breaking agreement with Lloyds Bank in November.
As a result of the expansion, 60% of iwoca’s customers can now make use of Open Banking services, under which customers can give verified third-parties secure access to their bank data to speed up the lending process.
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Volkswagen has revealed radical plans that will mark the end of the fossil fuel era, as it focuses solely on developing electric vehicles with the next decade.
As part of a €11 billion development programme, Volkswagen will spend €9 billion on its electrification offensive.
Other funds will be spent on digitalization, introducing autonomous driving capabilities and expanding its mobility services.
Dec 12, 2018
Volkswagen has revealed radical plans that will mark the end of the fossil fuel era, as it focuses solely on developing electric vehicles with the next decade.
As part of a €11 billion development programme, Volkswagen will spend €9 billion on its electrification offensive.
Other funds will be spent on digitalization, introducing autonomous driving capabilities and expanding its mobility services.
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EE, part of BT Group, one of the world’s biggest communications companies, is targeting millions of UK SMEs with a new connected car service that goes live this week.
EE Auto Mate uses a plug-in telematics device combined with the BT Group’s ‘big data’ analysis capabilities to provide automated, cost-effective insights to companies about vehicle use and performance.
Dec 12, 2018
EE, part of BT Group, one of the world’s biggest communications companies, is targeting millions of UK SMEs with a new connected car service that goes live this week.
EE Auto Mate uses a plug-in telematics device combined with the BT Group’s ‘big data’ analysis capabilities to provide automated, cost-effective insights to companies about vehicle use and performance.
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Product awareness is a critical foundation of business growth and it is especially important in the finance sector.
Growing small businesses often use their bank as the first source for finance, but all too often this avenue can be a dead-end when dealing with risk-averse high street lenders.
SMEs often perceive this as the end of their search for funding, as they aren’t aware of key alternatives that could drive future expansion.
Dec 11, 2018
Product awareness is a critical foundation of business growth and it is especially important in the finance sector.
Growing small businesses often use their bank as the first source for finance, but all too often this avenue can be a dead-end when dealing with risk-averse high street lenders.
SMEs often perceive this as the end of their search for funding, as they aren’t aware of key alternatives that could drive future expansion.
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Charities will benefit from donations worth thousands of pounds following initiatives from D&D Leasing and Hitachi Capital.
D&D Leasing, the multinational equipment and loan provider, is supporting humanitarian organisation WE by setting aside a proportion of the monthly income from every finance contract it funds or originates, throughout the life of the contract.
Funds raised will support WE’s programme in Kalinjar, India, to improve access to education, clean water, healthcare, food and income opportunities.
Dec 10, 2018
Charities will benefit from donations worth thousands of pounds following initiatives from D&D Leasing and Hitachi Capital.
D&D Leasing, the multinational equipment and loan provider, is supporting humanitarian organisation WE by setting aside a proportion of the monthly income from every finance contract it funds or originates, throughout the life of the contract.
Funds raised will support WE’s programme in Kalinjar, India, to improve access to education, clean water, healthcare, food and income opportunities.
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UK remarketing company Aston Barclay has developed a new auction briefing service for users of Alexa, the cloud-based digital assistant from online retail giant Amazon.
Customers can obtain details of the UK auction company’s programme by asking the digital assistant for a ‘flash briefing’, after setting up the auction alerts feature.
Alexa will automatically announce auction activity at key sites over the next 24 hours either via the Amazon Echo smart speaker or via smartphone when the Alexa app is installed. Aston Barclay believes the innovation is a first in the remarketing industry.
Dec 10, 2018
UK remarketing company Aston Barclay has developed a new auction briefing service for users of Alexa, the cloud-based digital assistant from online retail giant Amazon.
Customers can obtain details of the UK auction company’s programme by asking the digital assistant for a ‘flash briefing’, after setting up the auction alerts feature.
Alexa will automatically announce auction activity at key sites over the next 24 hours either via the Amazon Echo smart speaker or via smartphone when the Alexa app is installed. Aston Barclay believes the innovation is a first in the remarketing industry.
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UK vehicle rental and leasing industry ready to adapt to challenges of 2019
First Asset Finance appoints Patrick Sherrington as managing director
BNP Paribas Personal Finance targets UK auto finance market through iVendi partnership
There is more to asset finance than a slick interface and computing power
