Cazoo revenues accelerate by 600% as it heads for US float

Digital used car retailer Cazoo has announced a 600% increase in second quarter revenues, and says it is on track to hit $1 billion by the end of the year, while it has confirmed plans to float on the New York stock exchange this autumn. The public listing will be via AJAX, a publicly-traded special purpose acquisition company (SPAC) into which Cazoo has merged. The deal is set to value Cazoo, founded by the tech entrepreneur who launched property site Zoopla, at $7 billion.

Cazoo revenues accelerate by 600% as it heads for US float

Aug 03, 2021

Digital used car retailer Cazoo has announced a 600% increase in second quarter revenues, and says it is on track to hit $1 billion by the end of the year, while it has confirmed plans to float on the New York stock exchange this autumn. The public listing will be via AJAX, a publicly-traded special purpose acquisition company (SPAC) into which Cazoo has merged. The deal is set to value Cazoo, founded by the tech entrepreneur who launched property site Zoopla, at $7 billion.

Study finds digitization critical to creating post pandemic “new normal”

As Covid-19 restrictions start to lift and UK businesses begin their recovery, digitization and new technologies will be key drivers for a post-pandemic economy which will look very different from before, according to analysis by McKinsey. The consultancy says its assessment of the trends at play in the US - an advanced economy that is now largely open - can to some degree be seen as a bellwether of what is to come, and cautions that “the next normal won’t be a return to the norms of 2019”.

Study finds digitization critical to creating post pandemic “new normal”

Jul 27, 2021

As Covid-19 restrictions start to lift and UK businesses begin their recovery, digitization and new technologies will be key drivers for a post-pandemic economy which will look very different from before, according to analysis by McKinsey. The consultancy says its assessment of the trends at play in the US - an advanced economy that is now largely open - can to some degree be seen as a bellwether of what is to come, and cautions that “the next normal won’t be a return to the norms of 2019”.

LTi partners with UK finance house Propel to transform customers’ digital experience

Lease and loan cloud solutions provider LTi Technology Solutions (LTi) has signed a “transformative” partnership with Propel, one of the UK’s largest independent finance houses, for the effective deployment and adoption of fintech innovation to transform the customer experience.

LTi partners with UK finance house Propel to transform customers’ digital experience

Jul 22, 2021

Lease and loan cloud solutions provider LTi Technology Solutions (LTi) has signed a “transformative” partnership with Propel, one of the UK’s largest independent finance houses, for the effective deployment and adoption of fintech innovation to transform the customer experience.

Bynx - Fleet Future Issue 2

A new report released today reveals the 10 key ways the automotive industry will be permanently changed by growing demand for electric vehicles, as companies shift away from diesel to new sources of power. The Fleet Future report, powered by Bynx, is available for download from today and reveals how demand for battery electric, plug-in hybrid and hybrid cars has risen so much that in the first quarter of 2021, alternatively fuelled vehicles outsold diesel in Europe.

Bynx - Fleet Future Issue 2

Aug 03, 2021

A new report released today reveals the 10 key ways the automotive industry will be permanently changed by growing demand for electric vehicles, as companies shift away from diesel to new sources of power. The Fleet Future report, powered by Bynx, is available for download from today and reveals how demand for battery electric, plug-in hybrid and hybrid cars has risen so much that in the first quarter of 2021, alternatively fuelled vehicles outsold diesel in Europe.

BP offers EV subscription service using Tomorrow’s Journey technology platform

BP is collaborating with mobility software provider Tomorrow’s Journey in a trial of an all-in-one electric vehicle (EV) subscription service for ride hail drivers in London, as the energy giant seeks to grow its mobility ambitions in this market. According to research by Statista, the worldwide ride share market is estimated to be worth $117 billion in 2021.

BP offers EV subscription service using Tomorrow’s Journey technology platform

Jul 21, 2021

BP is collaborating with mobility software provider Tomorrow’s Journey in a trial of an all-in-one electric vehicle (EV) subscription service for ride hail drivers in London, as the energy giant seeks to grow its mobility ambitions in this market. According to research by Statista, the worldwide ride share market is estimated to be worth $117 billion in 2021.

DLL targets intralogistics market as e-commerce activity soars

DLL has signalled its intention to intensify its activities in the global intralogistics market, fuelled by the current boom in e-commerce activity. The international asset finance specialist, which is active in over 30 countries, says it plans to offer investment solutions and services tailored for warehouse automation projects, such as picking systems, automated storage solutions, conveyor systems, automated guided vehicles (AGVs), automated sorting solutions, robot palletizing systems, baggage transport and sorting solutions.

DLL targets intralogistics market as e-commerce activity soars

Jul 14, 2021

DLL has signalled its intention to intensify its activities in the global intralogistics market, fuelled by the current boom in e-commerce activity. The international asset finance specialist, which is active in over 30 countries, says it plans to offer investment solutions and services tailored for warehouse automation projects, such as picking systems, automated storage solutions, conveyor systems, automated guided vehicles (AGVs), automated sorting solutions, robot palletizing systems, baggage transport and sorting solutions.

How innovation and technology are driving new mobility services

A leading expert in the future of mobility has identified five key strategies for success in the rapidly expanding sector. Heidi Bauer, Co-Founder and Chief Operating Officer of Otoz Mobility, the mobility and digital retailing arm of NETSOL Technologies, sets out her vision of the future during an interview with the International Asset Finance Network’s Edward Peck and David Betteley.

How innovation and technology are driving new mobility services

Jul 12, 2021

A leading expert in the future of mobility has identified five key strategies for success in the rapidly expanding sector. Heidi Bauer, Co-Founder and Chief Operating Officer of Otoz Mobility, the mobility and digital retailing arm of NETSOL Technologies, sets out her vision of the future during an interview with the International Asset Finance Network’s Edward Peck and David Betteley.

NACFB teams up with tech specialist to help brokers and lenders fight fraud

With widespread reports indicating a steep increase in financial scams during the Covid crisis, the National Association of Commercial Finance Brokers (NACFB) has partnered with disruptive data analysts Red Flag Alert in a bid to help protect brokers and lenders against billions of pounds of potential fraud losses.

NACFB teams up with tech specialist to help brokers and lenders fight fraud

Jul 12, 2021

With widespread reports indicating a steep increase in financial scams during the Covid crisis, the National Association of Commercial Finance Brokers (NACFB) has partnered with disruptive data analysts Red Flag Alert in a bid to help protect brokers and lenders against billions of pounds of potential fraud losses.

Karhoo seeks to build B2B marketplace platform for mobility

Start-up Karhoo, which is backed by the Renault Group, has signalled plans to expand its mobility service offerings by offering a way for taxi and PHV fleets to connect digitally and seamlessly with customers of reputed travel and hospitality brands. With demand for taxi and PHV services dropping during the Covid-19 pandemic, Karhoo has focused its activity in the development of its geographic coverage in Europe and North America.

Karhoo seeks to build B2B marketplace platform for mobility

Jul 07, 2021

Start-up Karhoo, which is backed by the Renault Group, has signalled plans to expand its mobility service offerings by offering a way for taxi and PHV fleets to connect digitally and seamlessly with customers of reputed travel and hospitality brands. With demand for taxi and PHV services dropping during the Covid-19 pandemic, Karhoo has focused its activity in the development of its geographic coverage in Europe and North America.

Bynx - Fleet Future Issue 1

Fleet and mobility software specialist Bynx has launched a new insight series, called Fleet Future, to highlight the changes facing fleet suppliers and operators as the world emerges from lockdown. The fleet market is entering a period of unprecedented change and the series of reports will consider some of the most pressing challenges facing fleet managers and their suppliers. The first issue considers the future shape of the fleet market as the Coronavirus vaccine helps return the global economy to full strength, with the business environment changed significantly over the past year. As restrictions start to ease, there is a unique window of opportunity to change the way people work in the long term, which could alter the shape of the fleet market. Fleet Future also considers the key role technology will play in automating decision-making so that fleet suppliers can focus resources on adding value, rather than completing repetitive administrative tasks. Each issue of Fleet Future will provide insights from leading fleet experts, with the first edition featuring Arval’s Miguel Cabaca, who recently moved from his role of UK managing director to head up the leasing company’s operations in Spain. In addition, industry consultant Keith Allen looks at the growing importance of flexible fleet solutions in a changing economic environment. Gary Jefferies, sales and marketing director, Bynx, said: “Our mobility sector has been going through significant change and will continue to do so. The pandemic has accelerated this change, particularly in areas such as buyer behaviour, and the future of fleet within the sector is an area of serious consideration for the industry”. To read your copy of Fleet Future, powered by Bynx, download the first issue using the form below. hbspt.forms.create({ region: "na1", portalId: "7622636", formId: "6dac52ed-772f-4ed0-a798-ad6d41b4f2ec" });

Bynx - Fleet Future Issue 1

Mar 30, 2021

Fleet and mobility software specialist Bynx has launched a new insight series, called Fleet Future, to highlight the changes facing fleet suppliers and operators as the world emerges from lockdown. The fleet market is entering a period of unprecedented change and the series of reports will consider some of the most pressing challenges facing fleet managers and their suppliers. The first issue considers the future shape of the fleet market as the Coronavirus vaccine helps return the global economy to full strength, with the business environment changed significantly over the past year. As restrictions start to ease, there is a unique window of opportunity to change the way people work in the long term, which could alter the shape of the fleet market. Fleet Future also considers the key role technology will play in automating decision-making so that fleet suppliers can focus resources on adding value, rather than completing repetitive administrative tasks. Each issue of Fleet Future will provide insights from leading fleet experts, with the first edition featuring Arval’s Miguel Cabaca, who recently moved from his role of UK managing director to head up the leasing company’s operations in Spain. In addition, industry consultant Keith Allen looks at the growing importance of flexible fleet solutions in a changing economic environment. Gary Jefferies, sales and marketing director, Bynx, said: “Our mobility sector has been going through significant change and will continue to do so. The pandemic has accelerated this change, particularly in areas such as buyer behaviour, and the future of fleet within the sector is an area of serious consideration for the industry”. To read your copy of Fleet Future, powered by Bynx, download the first issue using the form below. hbspt.forms.create({ region: "na1", portalId: "7622636", formId: "6dac52ed-772f-4ed0-a798-ad6d41b4f2ec" });

How RCI Financial Services powered growth with Robotic Process Automation

RCI Financial Services has revealed how it drove efficiencies and improved customer service levels after an eight-week sprint to launch Robotic Process Automation in key areas of the business. In an exclusive interview with the International Asset Finance Network, held in association with Teamwill, the consulting and system integrator company that supported the transformation, senior figures within the business reveal the impact of the initiative and the key lessons that other asset finance companies could learn from their experience.

How RCI Financial Services powered growth with Robotic Process Automation

Jul 05, 2021

RCI Financial Services has revealed how it drove efficiencies and improved customer service levels after an eight-week sprint to launch Robotic Process Automation in key areas of the business. In an exclusive interview with the International Asset Finance Network, held in association with Teamwill, the consulting and system integrator company that supported the transformation, senior figures within the business reveal the impact of the initiative and the key lessons that other asset finance companies could learn from their experience.

How digitalisation transforms the cost of asset finance origination

Manual processes are making lessors uncompetitive, slow and unresponsive at a time when digital solutions are transforming the operations of rivals, a new report launched today reveals. A key example is the origination of new business, which for many companies remains mired in paperwork, processes and legacy systems that weigh heavily on decision-making, delaying approvals by days, if not weeks.

How digitalisation transforms the cost of asset finance origination

Jun 28, 2021

Manual processes are making lessors uncompetitive, slow and unresponsive at a time when digital solutions are transforming the operations of rivals, a new report launched today reveals. A key example is the origination of new business, which for many companies remains mired in paperwork, processes and legacy systems that weigh heavily on decision-making, delaying approvals by days, if not weeks.

UK lessors and brokers collaborate to drive growth

Independent UK brokers and lessors have identified three areas of focus as they look to drive growth in a post-pandemic environment. During a meeting of the International Asset Finance Network, supported by digital lending and leasing software specialist Q2, delegates focused on compliance, collaboration and communication.

UK lessors and brokers collaborate to drive growth

Jun 22, 2021

Independent UK brokers and lessors have identified three areas of focus as they look to drive growth in a post-pandemic environment. During a meeting of the International Asset Finance Network, supported by digital lending and leasing software specialist Q2, delegates focused on compliance, collaboration and communication.