Welcome!

News Feed Item

Car Loan 4U Announces £8 Million Investment from SEP

MACCLESFIELD, England, February 5, 2014 /PRNewswire/ --

Car Loan 4U, the UK's leading online car finance specialist, today announced an £8 million investment from leading UK venture capital firm, Scottish Equity Partners (SEP). The investment will enable Car Loan 4U to accelerate its growth and build on its position as the UK market leader.

     (Photo: http://photos.prnewswire.com/prnh/20140205/667871 )

Launched in 2006, Car Loan 4U provides a market-leading online service for consumers looking for car finance, and has overseen its most successful period of growth over the last 12 months.  

Turnover has grown by more than 75% to £11m and headcount has increased to 150 employees. The company hopes to more than quadruple its annual revenues over the next four years.  

The investment will be used to build the Car Loan 4U brand and implement and expand the capabilities of Car Loan 4U's advanced technology, creating a superior customer journey.  

Car Loan 4U CEO James Wilkinson commented: "The investment from SEP represents a landmark for Car Loan 4U and will be invaluable in helping us continue our ambition of revolutionising the market, by transforming the way consumers take out car finance online.

"It comes at an exciting time in the company's history, and the extensive digital technology experience of SEP makes them the perfect partner for us to develop our strong growth. We have expansion plans across the board and in a short space of time, have evolved from a small business exploiting a gap in the market to emerge as a clear leader in our sector."

He added: "The online opportunity in the car finance industry is huge. This investment will allow us to accelerate innovations in our technology and deliver a vastly improved customer experience, as well as expanding our brand and helping us set a new industry standard for the way consumers shop online for car finance."

Andrew Davison, a Partner at SEP, will join the company's board. He said, "Car Loan 4U has been self-funded to date and we have been impressed by the fact that it has consistently grown revenues to become the UK's leading provider of online used car finance.    

"We believe there is a very large market opportunity, with seven million used cars being sold in the UK last year. This involved £8 billion of dealer-arranged finance across an estimated 845,000 deals. We are just at the beginning in terms of the use of the Internet in financial services. Our investment will enable the company to increase its brand awareness, allowing it to capitalise on the trend towards greater online loan provision."

Car Loan 4U will join SEP's expanding digital media and e-commerce portfolio which includes Media Ingenuity, operator of credit card comparison site TotallyMoney.com and the world's fastest growing international travel search company Skyscanner.

Technology investment bank GP Bullhound and lawyers DWF advised on the deal for Car Loan 4U.

For further information, please visit http://www.carloan4u.co.uk

Notes to Editor:

About Car Loan 4U

Founded in 2006 by entrepreneurs James Wilkinson and Ryan Dignan, Car Loan 4U is the UK's leading online car finance specialist.

Car Loan 4U offers a wide range of car finance deals regardless of the customer's history or circumstances to give a fast decision on loan applications for new or used cars, which can be underwritten and approved in minutes.

Based in Macclesfield and employing over 150 people, Car Loan 4U works with a panel of leading UK finance companies including Barclays and Santander.

Awards:

Entrepreneur of the Year, Ryan Dignan - JCI Manchester Young Talent Awards 2013
Team of the Year - JCI Manchester Young Talent Awards 2013
23rd fastest growing digital company in Europe - Media Momentum Awards 2013
Entrepreneur of the Year, James Wilkinson - JCI Manchester Young Talent Awards 2012

For further press information, please contact Car Loan 4U:
Dean Simmons, Email: [email protected], Tel: +44(0)7841-199-582

About SEP

Scottish Equity Partners (SEP) is a leading UK venture capital firm which invests in innovative, technology and technology-enabled, companies with significant growth potential. SEP invests in companies throughout the UK in the TMT (technology, media and telecoms), healthcare and energy sectors.

The current SEP portfolio comprises 40 high growth companies including travel search company Skyscanner, luxury fashion retailer matchesfashion.com, healthcare informatics company Aridhia and energy services company Anesco.

SEP is one of the largest venture capital firms in Europe and operates from offices in London and Glasgow. Investors in SEP's limited partnership funds include global financial institutions, alternative asset management companies, pension funds, family offices and major corporates.

For further information see http://www.sep.co.uk 
Media contact: Sarah Lee, +44(0)131-225-3875; +44(0)7766542110; [email protected]

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
SYS-CON Events announced today that GrapeUp, the leading provider of rapid product development at the speed of business, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Grape Up is a software company, specialized in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market acr...
In the enterprise today, connected IoT devices are everywhere – both inside and outside corporate environments. The need to identify, manage, control and secure a quickly growing web of connections and outside devices is making the already challenging task of security even more important, and onerous. In his session at @ThingsExpo, Rich Boyer, CISO and Chief Architect for Security at NTT i3, discussed new ways of thinking and the approaches needed to address the emerging challenges of security i...
Blockchain is a shared, secure record of exchange that establishes trust, accountability and transparency across business networks. Supported by the Linux Foundation's open source, open-standards based Hyperledger Project, Blockchain has the potential to improve regulatory compliance, reduce cost as well as advance trade. Are you curious about how Blockchain is built for business? In her session at 21st Cloud Expo, René Bostic, Technical VP of the IBM Cloud Unit in North America, will discuss th...
SYS-CON Events announced today that CA Technologies has been named "Platinum Sponsor" of SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business - from apparel to energy - is being rewritten by software. From planning to development to management to security, CA creates software that fuels transformation for companies in the applic...
In his opening keynote at 20th Cloud Expo, Michael Maximilien, Research Scientist, Architect, and Engineer at IBM, discussed the full potential of the cloud and social data requires artificial intelligence. By mixing Cloud Foundry and the rich set of Watson services, IBM's Bluemix is the best cloud operating system for enterprises today, providing rapid development and deployment of applications that can take advantage of the rich catalog of Watson services to help drive insights from the vast t...
Docker containers have brought great opportunities to shorten the deployment process through continuous integration and the delivery of applications and microservices. This applies equally to enterprise data centers as well as the cloud. In his session at 20th Cloud Expo, Jari Kolehmainen, founder and CTO of Kontena, discussed solutions and benefits of a deeply integrated deployment pipeline using technologies such as container management platforms, Docker containers, and the drone.io Cl tool. H...
There is only one world-class Cloud event on earth, and that is Cloud Expo – which returns to Silicon Valley for the 21st Cloud Expo at the Santa Clara Convention Center, October 31 - November 2, 2017. Every Global 2000 enterprise in the world is now integrating cloud computing in some form into its IT development and operations. Midsize and small businesses are also migrating to the cloud in increasing numbers. Companies are each developing their unique mix of cloud technologies and service...
Cloud adoption is often driven by a desire to increase efficiency, boost agility and save money. All too often, however, the reality involves unpredictable cost spikes and lack of oversight due to resource limitations. In his session at 20th Cloud Expo, Joe Kinsella, CTO and Founder of CloudHealth Technologies, tackled the question: “How do you build a fully optimized cloud?” He will examine: Why TCO is critical to achieving cloud success – and why attendees should be thinking holistically ab...
WebRTC is great technology to build your own communication tools. It will be even more exciting experience it with advanced devices, such as a 360 Camera, 360 microphone, and a depth sensor camera. In his session at @ThingsExpo, Masashi Ganeko, a manager at INFOCOM Corporation, will introduce two experimental projects from his team and what they learned from them. "Shotoku Tamago" uses the robot audition software HARK to track speakers in 360 video of a remote party. "Virtual Teleport" uses a...
Internet of @ThingsExpo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devic...
Recently, IoT seems emerging as a solution vehicle for data analytics on real-world scenarios from setting a room temperature setting to predicting a component failure of an aircraft. Compared with developing an application or deploying a cloud service, is an IoT solution unique? If so, how? How does a typical IoT solution architecture consist? And what are the essential components and how are they relevant to each other? How does the security play out? What are the best practices in formulating...
In his session at @ThingsExpo, Arvind Radhakrishnen discussed how IoT offers new business models in banking and financial services organizations with the capability to revolutionize products, payments, channels, business processes and asset management built on strong architectural foundation. The following topics were covered: How IoT stands to impact various business parameters including customer experience, cost and risk management within BFS organizations.
An increasing number of companies are creating products that combine data with analytical capabilities. Running interactive queries on Big Data requires complex architectures to store and query data effectively, typically involving data streams, an choosing efficient file format/database and multiple independent systems that are tied together through custom-engineered pipelines. In his session at @BigDataExpo at @ThingsExpo, Tomer Levi, a senior software engineer at Intel’s Advanced Analytics ...
While some vendors scramble to create and sell you a fancy solution for monitoring your spanking new Amazon Lambdas, hear how you can do it on the cheap using just built-in Java APIs yourself. By exploiting a little-known fact that Lambdas aren’t exactly single-threaded, you can effectively identify hot spots in your serverless code. In his session at @DevOpsSummit at 21st Cloud Expo, Dave Martin, Product owner at CA Technologies, will give a live demonstration and code walkthrough, showing how ...
SYS-CON Events announced today that Elastifile will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Elastifile Cloud File System (ECFS) is software-defined data infrastructure designed for seamless and efficient management of dynamic workloads across heterogeneous environments. Elastifile provides the architecture needed to optimize your hybrid cloud environment, by facilitating efficient...