Businesses need to be “future ready” post-pandemic, says Sofico UK
Businesses need to be “future ready” post-pandemic, says Sofico UKJan 25, 2022
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HPD Lendscape launches new asset finance offeringHPD Lendscape, a global provider in secured finance technology, is aiming to bring the full benefits of digital technology to lenders with the launch of Lendscape Asset Finance, a unified platform for all forms of secured lending which is designed to help banks and lenders boost productivity by streamlining everyday administrative tasks. The cloud-based contract management system offers an intuitive user interface, asset-level accounting, and the ability to manage all leases and loans on a single platform.
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Richard Branson among investors in UK-based autonomous vehicle start-upLondon-based autonomous vehicle (AV) start-up Wayve has raised $200 million from a prominent group of global financial and strategic investors for investment in further development of its artificial intelligence (AI) led approach on a global scale. They include D1 Capital Partners, Baillie Gifford, Moore Strategic Ventures and Linse Capital, as well as additional support from Microsoft and Virgin, and early-stage investors Compound and Balderton Capital, who join strategic investor Ocado Group and angel investors, including Sir Richard Branson.
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HPD Lendscape launches new asset finance offering
Richard Branson among investors in UK-based autonomous vehicle start-upDigital INNK wins funding for innovative fleet in-life vehicle services technology ecosystemAuto-tech software development house Digital INNK has secured high levels of investment interest for ViSN, its innovative technology platform for fleet in-life vehicle services, with its Series A funding round overfunding in a matter of days. The digital disrupter’s new shareholders are a composite of European and US investors comprising Family Offices and HNWs, many coming with strategically relevant relationships and sector experience. The company, which has spent more than four years developing ViSN, said the new funds will accelerate commercialisation of its ground-breaking platform in the UK and abroad.
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Bynx - Fleet Future Issue 3A new report released today reveals how Mobility-as-a-Service could enhance leasing company profits by creating new revenue streams. The Fleet Future report, powered by Bynx, is now available for download and reveals how MaaS is starting to transform business transport.
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Mobility start-up trials autonomous car-hailing serviceUK start-up Imperium Drive has begun trials of a new on-demand car-hailing service called Fetch using remote-controlled driverless vehicles. Drivers summon an unmanned vehicle via an app, which is navigated by a remote driver to their location. Once the customer has driven to their destination, they end their trip via the phone app and a remote vehicle operator takes over control and pilots the car back to base or to the next user.
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Motorway online used car marketplace accelerates to $1 billion valuationOnline used car marketplace Motorway has hit unicorn status. The UK start-up has now added $190m in a funding round led by Index Ventures and ICONIQ Growth, a leading Silicon Valley technology growth investment firm, to $67.7 million the raised in June. Existing investors Latitude, Unbound, and BMW i Ventures also participated in the latetst round, meaning Motorway is now claiming a valuation of over $1 billion.
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Auto innovators Bauer and Painter to launch Autonomy mobility platformAuto retail industry veterans Georg Bauer and Scott Painter are planning a bundled car subscription service and have renamed their latest venture, the fintech and insurtech vehicle subscription platform NextCar/NXCR, in a bid to develop a global brand. The company has acquired the Autonomy brand and IP library from Micro Focus, which it intends to leverage to build a worldwide market for its mobility offerings. The pair announced a soft launch of what was then called NextCar/NXCR via a beta-test website earlier this year offering a “sneak peek” at a new car subscription service which would enable consumers to “skip the soul-crushing car loans and still get where you're going”.
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Expert opinion - delivering Rate for Risk success in UK auto financeThe head of one of the UK’s biggest auto finance providers has outlined the key steps to success for the introduction of Rate for Risk in auto finance. Richard Jones, managing director of motor finance and leasing, Lloyds Banking Group, gave his insights on the transition during an in-depth interview with the International Asset Finance Network.
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Cazoo to partner with Ogilvie Fleet on vehicle disposalCazoo has agreed a long-term partnership with Ogilvie Fleet covering damage recharging and the disposal of more than 18,000 vehicles for the leasing company at the end of contract. The online car retailer will provide a range of end of life services to Ogilvie, including inspect and collect services across the UK and in-house technology solutions.
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Heidelberger to collaborate with Munich Re to expand “Equipment as a Service” modelHeidelberger has signed a strategic partnership with Munich Re in a move designed to significantly expand its digital usage-based subscription business. The two companies will offer subscription contracts in selected markets from the beginning of next year.
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NETSOL expands strategic partnership with CGI in EuropeWorldwide business services and enterprise application solutions provider NETSOL Technologies has announced an expansion of its strategic partnership with leading IT and business consulting services firm CGI in Europe. The agreement builds on the close collaboration between the two global IT service providers in the UK and the US and will see the two companies offering NETSOL's next-generation NFS Ascent platform to the global finance and leasing industry, supported by CGI's local business consulting, IT integration, and managed service solutions.
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GardX launches new AI-based lead management platform for automotive retailersGardX has launched a new digital solution, called Sales AI into the UK auto sector, which it says is designed to enable an automotive retailer’s sales team to focus 100% on converting appointments and qualified leads and provide consistent lead follow up. The AI-based lead management platform was first introduced in the US, where dealers have reported a 30% rise in their conversion-to-sale level and a 23% increase in appointments being set.
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Digital INNK wins funding for innovative fleet in-life vehicle services technology ecosystem
Bynx - Fleet Future Issue 3
Mobility start-up trials autonomous car-hailing service
Motorway online used car marketplace accelerates to $1 billion valuation
Auto innovators Bauer and Painter to launch Autonomy mobility platform
Expert opinion - delivering Rate for Risk success in UK auto finance
Cazoo to partner with Ogilvie Fleet on vehicle disposal
Heidelberger to collaborate with Munich Re to expand “Equipment as a Service” model
NETSOL expands strategic partnership with CGI in Europe
GardX launches new AI-based lead management platform for automotive retailers
