Source: Oodle Car Finance
Fintech startup Oodle Car Finance is thrilled to announce the appointment of consumer finance guru Roger Lovering as new chairman.
Oodle is focused on using technology to improve the used car market for both buyers and dealers, by providing a leading technology platform and transparent financing products for a range of borrowers.
Roger has over 25 years experience of managing consumer finance as a director of HSBC, Santander and HFC, with a proven track record of growing and driving highly efficient and highly profitable retail financial services businesses - most demonstrably in his role setting up Santander Cards from scratch.
Together, Oodle and Roger will continue to redefine the role of a lender in the used-car market, merging the search for cars and car financing into one seamless digital process; rapidly pairing customers with their perfect cars, some of the UK’s best car dealers and personalised finance, in a matter of minutes*. By bringing car dealers and buyers closer together, Oodle is endeavouring to modernise the industry and create a best-in-class consumer experience. Something their new chairman is well-versed in.
Roger has built an impressive portfolio of board roles, all of which involve growing financial service businesses. He is presently a non-executive director of Shawbrook Bank, one of the early “challenger” banks, and also a non-executive director at Amigo Loans, the market leader in guaranteed loans to consumers. Additionally, Roger is a non-executive director of, and investor in, Logical Glue, which uses Artificial Intelligence and machine learning to build better scorecards and decision-making for the consumer finance industry. He is also the current Chairman of Harrods Bank.
Roger said: “I’m really excited to join Oodle Car Finance. They have a great team with a strong entrepreneurial approach. I am looking forward to working with them to create a genuine new type of finance company in the Motor market.”
“Roger brings incredible experience and insight into our team,” Oodle Car Finance CEO, Jonny Clayton, said. “His lessons and industry stories constitute an invaluable resource as we continue to grow and meet the challenge we set ourselves of being a finance company embracing technology to drive fundamental improvements to customers experiences, in the £50 billion a year used car market. In an increasingly complex regulatory world with governance at its core, and with our ambitious growth plans, Roger will provide indispensable focus and guidance.”
Daniel Pietrzak, Member & Global Head of Principal Finance at KKR Credit, said “Roger is a fantastic appointment for Oodle, continuing KKR’s commitment to backing innovative and customer-centric specialty finance companies. We are excited by Oodle’s potential in the UK auto market, and by Roger’s ability to support its growth and strong management team.”