Automoney Motor Finance are a new name making a big impression in the UK motor finance industry. Established as a startup in 2018, their major ambition was to grow at pace from the word go - financing more loans, more quickly and helping dealerships see more sales over the line.
Automoney were facing multiple challenges as they looked to prepare themselves for this kind of growth including the need to scale rapidly without significantly expanding their workforce.
The company identified the need for a new software solution to help them achieve this, and had a very clear idea of what they wanted:
- They needed to create the economies of scale required to process more loans every day without compromising on due diligence.
- They needed a system that would give them instant credibility with dealers - vitally important for any startup.
- They were mindful of becoming saddled with legacy technology. They wanted to build an infrastructure that would stand the test of time.
Download our new case study to learn how BONAFiDEE delivered all of this and more for Automoney, helping them onboard new businesses in a far more efficient, cost-effective and compliant manner.
