Quotevine raises £2.2m in a Series A round from NVM Private Equity to fund UK growth
NVM Private Equity led the Series A round to support workforce expansion and product development.
Quotevine supplies software-as-a-service platforms tailored to the asset and automotive finance sectors. Its technology assists firms in modernising legacy processes and handling complex financial operations.
Quotevine has secured £2.2m in a Series A financing round led by NVM Private Equity. The company plans to direct the capital towards expanding its workforce in sales, development, and operations to support domestic growth and product enhancement over the next three years.
The firm provides SaaS technology designed to help asset and automotive finance providers address operational inefficiencies and legacy constraints. Current clients include Toyota Financial Services and MotoNovo Finance.
Following the domestic expansion phase, Quotevine intends to pursue international markets and develop additional products for its client base.
From the founder
"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."
Daniel Layne
Founder and CEO at Quotevine
Use of funds
- 01Grow the team
- 02Continue product development
- 03Invest in sales and marketing
- 04Scale operations
