Specialist motor finance lender Go Car Credit has entered a new long-term lending relationship with Fintex Capital, a fintech investment firm dedicated to alternative credit.
Fintex Capital will support Go Car Credit originating c.£4m per month of car loans.
With a firm commitment to being a responsible lender, this funding enables Go Car Credit to further expand lending to their customers. This helps those who have suffered with adverse credit to finance a car, whilst simultaneously supporting in rebuilding their credit profile. Due to excellent data-based underwriting, Go Car Credit can offer this to consumers across the credit spectrum.
The partnership between both Go Car Credit and Fintex Capital is due to a shared approach and vision when it comes to data science and using the latest technology to lend responsibly.
As the cost of living continues to be a concern for many, Go Car Credit are making sure that their loans are affordable and are continuing to offer excellent customer service.
Mark Giles, Chief Executive Officer, Go Car Credit, said, “We are delighted to work with Fintex, who share our approach to data science and excellence, thereby increasing our capacity to grow in our target markets.
Robert Stafler, CEO of Fintex Capital, said, “Fintex is delighted to partner with Go Car Credit, one of the leading players in the specialist motor finance space. We were very impressed by their approach to underwriting, using the latest technology to responsibly lend to all types of consumers. We are sure this facility will quickly grow. We look forward to supporting Go Car Credit on their growth journey.”
