Independent car finance provider MotoNovo is set to use a £1.8m investment from parent company WesBank to fund a significant expansion drive.

MotoNovo, formerly Carlyle Finance, will recruit 20 field-based development managers to work across the UK and a number of F&I executives to be based at its Cardiff office.

The company also plans to enter in to a number of untapped markets and to launch a fresh raft of finance products, details of which will be released in the next two weeks.

‘Significant momentum’

MotoNovo is aiming to double their sales with the measures, propelling them in to the top three independent finance providers.

Mark Standish, chief executive at MotoNovo said: "We have gained significant momentum in the market place, which we want to leverage to increase our own sales and those of our dealer customers.

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.

"We have created a dynamic, winning culture, and we now need energetic and committed people, who want to build their career with us, to come on-board."