Quotevine, a provider of SaaS solutions for the asset and automotive finance industries, has received £2.2m in funding from private equity firm NVM.

Quotevine said it would use the capital to fund UK growth over the next three years in its sales, developer and operations workforces.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The investment will fuel revenue growth alongside further development of its current suite of products to meet existing and new client demands.

Quotevine said its products help businesses deal with the spectrum of legacy challenges known within the leasing industry – from reporting, underwriting and pricing inefficiencies, to antiquated customer offerings and slow product innovation.

Quotevine said it currently counted 1pm, Toyota Financial Services and MotoNovo Finance as customers.

Following this, Quotevine will focus on international growth and building further products to support its clients with revenue growth and improved operational efficiencies.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

 “This investment is a big vote of confidence for Quotevine and the work we are doing. There is a big shift taking place in the asset and auto finance sector, driven by the prevalence of interesting technologies like AI and IoT. Businesses in this space have a huge opportunity to get ahead by understanding how these technologies can be adopted to drive operational value and better meet customers shifting demands and need for personalisation. We are thrilled we have NVM on board and look forward to building our business.” says Daniel Layne, founder and chief executive officer of Quotevine. 

Aaron Lawson-Clark, investment manager at NVM and incoming Quotevine board member said: “NVM is delighted to complete its investment into Quotevine. The business has a unique opportunity to disrupt digitisation in the automotive and asset finance industries. The management team has some exciting plans and we look forward to working with them on the journey ahead. Daniel and the team stood out for their ability to innovate at pace and delight customers of all sizes.”