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3 Latest Announced Rounds

  • $3,500,000
    Seed

    1 Investors

    Technology, Information and Internet
    Dec 20th, 2024
  • $5,619,170
    Series B

    1 Investors

    Research Services
    Dec 20th, 2024
  • $8,000,000
    Unknown

    5 Investors

    Computer & Network Security
    Dec 20th, 2024
$0.00M Raised in 0 Funding Rounds in the past 7 Days - View All

Funding Round Profile

CarFinance 247

investor
United Kingdom - Manchester, Lancashire
  • 21/11/2022
  • Pre-Seed
  • $620,000

At CarFinance 247, we’re committed to doing things differently. For too long, car finance has been complicated, confusing, and cloaked in mystery. We’re lifting the lid and putting our customers in the driving seat. We’ll tell it to you straight, be honest about your options, and give you the tools you need to get the car you really want.

We’re a fast-paced, fast-growing business founded by two brothers - and our team feels like family. We’re passionate about what we do and proud to be the UK’s leading online car finance platform. Together, we push boundaries, try new things and test the limits, but we know we’ll have each other’s backs no matter what.

Our Manchester office is a vibrant, creative, and exhilarating place to work. And it’s not all hard slog, we know how to let loose and have fun together too, whether it’s competing in our office pool tournaments, running a 5K for charity, or throwing shapes on the dancefloor at our annual Awards ceremony.

We’re always on the lookout for bright, ambitious, innovative and passionate people to join us. In return, we offer competitive salaries, monthly incentives, a UK healthcare cashplan, workplace nursery scheme, charity days, company socials, on-site parking, and a bonus day off for your birthday! If you have the drive to get to the top, we’ll support you every step of the way.

Up for the challenge? Come and join the 247 family today!


Related People

Reg RixCo Founder

Reg Rix United Kingdom - Manchester, England,

My brother Louis and I founded 247 Group with a clear purpose: to help people improve their everyday lives.

With family roots in the motor industry, I set out to follow in their footsteps while also forging my own path. I’ve always had an entrepreneurial spirit and was confident that I could work hard and create my own success.

I was quick to see the opportunities that technology could afford and launched my first online used classified business, NetCars, at the age of 17. I was able to refine that proposition over the years and exited via a sale to RAC in 2006.

My experience with NetCars and knowledge of the industry revealed a gap in the market for a disruptive platform that could harness the power of technology to connect car buyers, sellers, and finance providers. That idea became CarFinance 247.

CarFinance 247 is now the UK’s leading digital car finance platform and receives more than 100K consumer applications each month. We work with a network of 4,000 independent dealerships, a panel of 16 lenders, and originated more than £500m in motor finance last year. Our workplace grew by 20% in 2021 and we currently employ over 500 industry professionals in our Manchester HQ.

In 2018, I established 247 Money, an independent lender that leverages data science and industry-leading technology to facilitate loans for a broad range of consumers. The lender currently issues over 1000 consumer loans each month and has originated more than £100m in motor finance.

I’m passionate about driving innovation in the motor industry, investing in pioneering tech, and finding and developing the best talent. Company culture and values, leadership, and mental health are causes close to my heart and I serve as Founding Chair of the Manchester Youth Zone Fundraising Board. I’m married with three children and split my spare time between the family, marathon training, and supporting the other Reds, Liverpool.