Car Loan 4U Announces £8 Million Investment from SEP

Car Loan 4U Announces £8 MillionCar Loan 4U Announces £8 Million Investment from SEP PR Newswire MACCLESFIELD, England, February 5, 2014 Car Loan 4U, the UK's leading online car finance specialist, today announced an £8 million investment from leading UK venture capital firm, Scottish Equity Partners (SEP). The investment will enable Car Loan 4U to accelerate its growth and build on its position as the UK market leader. Launched in 2006, Car Loan 4U provides a market-leading online service for consumers looking for car finance, and has overseen its most successful period of growth over the last 12 months. Turnover has grown by more than 75% to £11m and headcount has increased to 150 employees. The company hopes to more than quadruple its annual revenues over the next four years. The investment will be used to build the Car Loan 4U brand and implement and expand the capabilities of Car Loan 4U's advanced technology, creating a superior customer journey. Car Loan 4U CEO James Wilkinson commented: "The investment from SEP represents a landmark for Car Loan 4U and will be invaluable in helping us continue our ambition of revolutionising the market, by transforming the way consumers take out car finance online. "It comes at an exciting time in the company's history, and the extensive digital technology experience of SEP makes them the perfect partner for us to develop our strong growth.