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The concept being CrediCar was born in January 2018. We conducted extensive research and commenced prototype development to build, measure and learn our proposition.
In Oct 2018, we were accepted into the NatWest Accelerator where we grew our network and met key players in the banking industry within the RBS group to discuss our business model.
We have since been named Number 4! on NatWest’s Midlands Business Power Index.
In November 2019 we were accepted as a member into Level 39 fintech network. During our time at Level 39 we networked with other fintech founders and gained valuable insight into financial institutions, software development, raising investment and collaboration with other FinTech’s to enhance our proposition.
In January 2019 we secured the appointment of Graham Wheeler (Former CEO VWFS) as a director of CrediCar.
**Graham was offered the role of Chief Executive of Advantage Finance and unfortunately had to leave CrediCar to take up that role.
In March 2019 we secured the appointment of Manjit Rana, an insurance innovator working with the top insurance companies globally to head up our insurance proposition. In March 2019 we were also featured in Motor Finance magazine.
In July 2019 we were accepted in the FCA’s Innovation Hub. The innovation hub was set up by the FCA to allow businesses with a genuine innovation to introduce innovative financial products and services to the market.
In August 2019 we were shortlisted by the Society of Motor manufacturers and Traders, Volvo and Toyota to pitch our proposition at the SMMT Future Mobility Event. Discussions followed with Volvo .
In January 2020 we secured the appointment of David Betteley as Chairman. David’s previous roles include Global Financial Services director of Jaguar Land Rover.
CrediCar has been accepted into the sixth cohort of the Financial Conduct Authority’s (FCA) Regulatory Sandbox.
The Regulatory Sandbox will allow CrediCar to test our innovative motor finance platform in the market, with real consumers, and will provide us access to regulatory expertise and a set of tools to facilitate testing.
CrediCar is pleased to have received it's first award at the Motor Finance Awards Europe 2020!
The awards were held remotely for the first time and we were unable to physically receive our award but we were crowned the winner of Digital Innovation of the Year!
We’re on a roll, we’re delighted to be shortlisted as a finalist at the Credit Strategy Car Finance Awards 2020. Well done to our superstar team!
Our partners can trust that they are dealing with a company which takes our legal and regulatory obligations seriously and puts them and their customers at the heart of our business.
Joining the CrediCar board in April 2021, Neil Smith was appointed as an Advisory member. Neil brings to the team wealth of immersive experience in the Autodealer sector having held senior positions at both Imperial Cars and Cazoo as Operations Director and Retail Operations Director respectively. #GrowingTheDreamTeam
As an expert in credit risk, machine learning and artificial intelligence, Andrew will be working closely with our partners to develop innovative AI/ML solutions which will help our partners to benefit from huge efficiencies and allow our tech to be used as an enabler for growth!
Andrew joins us from Greensill Capital where he was Head of Data Research and Machine Learning. Previously, Andrew was a data and risk consultant for several New York investment banks including Credit Suisse and Société Générale, as well as a senior quant at Gordian Knot and Director at AIG. Andrew also has a D.Phil in Astrophysics from the University of Oxford.
We are delighted that CrediCar have been awarded the Rate for Risk Innovation Award at the Asset Finance Connect UK Conference & Awards which were held in St Pauls, London on the 9th November 2021.
Our team has worked very hard on building our rate for risk decision engine module since the discretionary commission rules were introduced by the FCA in January this year. We are seeing more lenders explore rate for risk and we believe the opportunity of this in the pre-approval space will accelerate in 2022.
We look forward to creating value to the auto-finance eco-system in 2022!
Contact us anytime for further information or to arrange a demonstration.
Contact us anytime for further information or to arrange a demonstration.