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Quotevine, a provider of SaaS solutions for the asset and automotive finance industries, has received £2.2 million in funding from private-equity firm, NVM.
A provider of SaaS solutions for the asset and automotive finance industries
£2.2 million development capital
Quotevine is a technology business that provides a suite of SaaS solutions to digitise asset and automotive finance. They connect the dots for the web of partners and providers in the asset and automotive finance industries, allowing our clients to bring their operations into the digital age and keep pace with their customers’ changing expectations.
Quotevine’s team is made up of both automotive and asset finance specialists. They use our combination of technical and industry know-how to solve familiar industry problems and spot inefficiencies that have not yet been addressed.
The London based business will use the capital to fund UK growth over the next three years. Specifically, it will invest in growing its sales, developer and operations workforces so that it can fuel revenue growth alongside further development of its current suite of products to meet existing and new client demands. The product portfolio includes solutions that help businesses deal with the spectrum of legacy challenges known within the industry – from reporting, underwriting and pricing inefficiencies, to antiquated customer offerings and slow product innovation. Quotevine can currently count 1pm plc, Toyota Financial Services and MotoNovo Finance as customers.
Following this, Quotevine will focus on international growth and building further products to support their clients with revenue growth and improved operational efficiencies.