Finance Monthly - August 2023

11 Finance Monthly. The Monthly Round-Up Fintex Capital, a fintech investment firm dedicated to alternative credit, has provided a funding line to Go Car Credit, the specialist motor finance lender. This will support Go Car Credit originating c.£4m per month of car loans as part of a new long term lending relationship. This additional funding line enables Go Car Credit to expand its responsible lending, allowing more people to buy the cars they need for work and family life. Go Car Credit’s thorough, data-based underwriting supports consumers across the credit spectrum. In the current economic climate, Fintex Capital remains committed to lending to businesses that combine best-inclass underwriting with responsible lending practices and strong customer service, such as Go Car Credit. This transaction is one of multiple facilities Fintex has recently closed as it continues to expand its lending business with opportunities across the capital stack. Mark Giles Chief Executive Officer, Go Car Credit, said: “We are delighted to work with Fintex, who share our approach to data science and excellence, thereby increasing our capacity to grow in our target markets. Robert Stafler Chief Executive Officer, Fintex Capital, said: “Fintex is delighted to partner with Go Car Credit, one of the leading players in specialist motor finance. We were very impressed by the quality of their underwriting, which leverages technology to responsibly lend to all types of consumers. We look forward to supporting Go Car Credit on their growth journey FINTEX CAPITAL ENTERS LONG TERM PARTNERSHIP WITH GO CAR CREDIT TO SUPPORT £4M OF MONTHLY ORIGINATIONS PARTNERSHIP WILL GROW GO CAR CREDIT’S LOAN BOOK THAT STANDS AT C. £60M TODA Robert Stafler, CEO of Fintex Capital

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