iVendi provides finance technology for YesAuto

iVendi has signed a deal to provide motor finance technology for new and used car platform YesAuto.

Initially, integration will centre on finance calculators from iVendi based on each dealer’s own range of products, with an aim to promote affordability and control for the consumer while delivering a consistent experience across all channels.

A programme of implementation is planned over time, to sit alongside alongside developments including car configurators, new car stock, used car stock, service booking and social media.

Stuart Palombo, UK sales director at YesAuto, said: “Having the right technology is a critical part of the user experience for visitors to our portal, which we aim to make as simple and easy as possible. 

“We are very pleased to be working with iVendi on the crucial motor finance elements which form a key part of giving our users the best possible experience. Our aim is to be market-leading in this respect.”

YesAuto launched in the UK in April and has grown quickly, attracting 1.1 million unique visitors and listing 135,000 vehicles from 1,800 retailers by September.

James Tew, CEO at iVendi, added: “YesAuto clearly has substantial ambitions for the UK market backed up by hugely impressive success on a global scale. They are a major arrival in the used car sector here.

“With its combination of content and search, the site brings something new to car portals in the UK and we are very pleased to be working with them on the finance provision essentials of their proposition.

“In a post-pandemic vehicle market, being able to transact all parts of each purchase almost entirely online is essential to any retailer and, with the help of our technology, YesAuto will make this process easy for consumers.”