The point-of-sale system will enable it to offer a range of finance products to a much wider number of dealers for both online and showroom sales.
Ciara Raison, chief commercial officer at Oodle, said: “A major part of our expansion plan for the next 12 months is simply to reach more dealers and their customers, enabling them to transact with us quickly and easily. iVendi are helping us achieve just that.
“This partnership is just one example of how the motor finance industry is undergoing a digital transformation. As more dealerships embrace cutting-edge technologies, Oodle’s move to adopt iVendi’s technology places us at the forefront of the sector’s evolution, streamlining the finance process for dealers and customers alike.
“We’re going to be able to offer our motor finance products much more widely while ensuring that we maintain a very high level of compliance and continue to deliver the speed of response that is a core part of our proposition.
“Our innovative approach combines cutting edge technology, flexible financing options, and exceptional support to help dealers close more deals, faster.
“As a company, we try to make doing business with us as simple as we can for as many people as possible through providing better processes. This new development is very much in tune with that ethos.”
Oodle, which has offices in Manchester, Oxford and London, already works with over 500 dealers in the UK and has a customer base of more than 100,000 motorists.
Ciara said: “We’re already inviting new dealers to join this programme using the iVendi technology and are beginning to roll out availability of our products to them. The initial response has been encouraging and we’re excited to see how this project develops during 2025.”
James Tew, CEO at iVendi, added: “Oodle has a reputation as an innovative motor finance provider that is fast to recognise the potential of new technology and we are delighted to be working with them.”
