News - iVendi

iVendi and Tandem Motor Finance Team Up to Expand Dealer Access to Digital Finance Solutions

Written by Louise Bullock | Oct 16, 2024 2:35:32 PM

We are pleased to announce that iVendi has a new partnership with Tandem Motor Finance, a division of Tandem Bank, aimed at expanding access to Tandem’s motor finance solutions for car dealerships across the UK.

Through iVendi’s advanced point-of-sale platform, Tandem will be able to reach potentially “thousands” more vehicle retailers, offering an efficient way for them to manage finance quotations and applications for both online and showroom buyers, all while ensuring compliance.

Dave Anderson, Sales Director at Tandem Motor Finance, shared his excitement about the partnership, saying, “This is an exciting development for us, which will help us to extend our market reach and ensure more dealers become more aware of our fresh thinking approach to a rapidly changing motor finance market.

“From long, personal experience, I am very aware of iVendi’s reputation for reimagining the future of dealer finance in an increasingly digital world. Embracing their latest digital innovation is a step that will help us collaborate closely with more dealers, helping them to offer their customers seamless, tailored finance journeys and create positive outcomes for their customers and themselves.”

Tandem, known for its commitment to helping customers embrace greener, lower-emission motoring, brings together a highly experienced team, a risk-based financing approach, and a drive toward digitisation. As Anderson notes, the partnership with iVendi is designed to support dealers in navigating the fast-changing motor finance landscape: “Agility is at the heart of a dealer’s success. Our collaboration with iVendi is all about providing a new level of agility and speed for dealer finance. It will enable dealers to delight their customers and support their compliance requirements.”

James Tew, CEO of iVendi, also commented on the deal, saying, “We’re very pleased to be working with Tandem and once again with Dave. Our new platform is an ideal springboard for a business in their stage of development and should help them to place their proposition in front of potentially thousands more dealers than they would otherwise reach. It’s an exciting moment.”

This partnership represents a significant step forward in the motor finance industry, as both iVendi and Tandem Motor Finance focus on delivering flexible, digital solutions that enhance the dealer and customer experience. Through this collaboration, we aim to help more dealerships offer innovative, compliant, and customer-centric finance options, keeping pace with the evolving automotive market.