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CarFinance 247 set to expand team

The hunt for new talent comes as the 247 Group solidifies its position as a powerhouse in the motor finance industry, operating a digital marketplace with a wide panel of lenders alongside its in-house lender, 247 Money. 247 Money recently announced a securitisation deal worth up to £305m with backing from NatWest.
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August 10, 2021

CARFINANCE247 is boosting its workforce by 20% this summer with plans to hire more than 125 people to meet the growing needs of the company as it responds to significant consumer demand.

The Manchester-based company, part of the 247 Group, has seen strong growth post-pandemic as the UK gets back on the road again, with demand for car finance online increasing rapidly.

The hunt for new talent comes as the 247 Group solidifies its position as a powerhouse in the motor finance industry, operating a digital marketplace with a wide panel of lenders alongside its in-house lender, 247 Money. 247 Money recently announced a securitisation deal worth up to £305m with backing from NatWest.

Led by entrepreneurial brothers, Reg and Louis Rix, CarFinance 247 is now hiring across its divisions with a focus on building an enhanced sales team to support consumers looking to find and finance their dream cars. The team will be supported by additional roles in technology and data, developing a new cloud-based CRM, as the business continues to strengthen its reputation as the UK’s destination for online motor finance.

CarFinance 247 is also continuing to invest in developing new talent, offering apprenticeship opportunities across its finance, HR, and technology functions.

The roles will be based at the company’s dynamic Manchester HQ, in a boost to the city’s rapidly growing FinTech community.

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Chris Wright

Chris Wright

Chris Wright has been covering the automotive industry nationally and internationally for 30 years. Following spells with consumer titles he became News Editor of Automotive Management (AM), Editor of Automotive International, International Editor for Detroit-based Automotive News, and Editor of Dealer Update. He has also co-authored several FT Management Reports and contributes regularly to Justauto.com

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