EV loans support record JBR Capital results
- 05/04/2023
- Posted by: Alan Feldberg
- Category: News
Automotive finance provider JBR Capital has reported record first quarter results, as well as the appointment of Simon Goodyear as new Chief Technology Officer.
The company achieved an all-time high for the number and value of proposals with origination 42% larger than it was at peak pre-Covid levels. Further, it has revealed that loans for electric vehicles increased to six per cent of JBR Capital’s loan book by the end of 2022.
Adding to its remarkable momentum, Goodyear’s appointment will help accelerate the company’s ambitions and its technology capabilities.
Nayan Kisnadwala, CEO, said: “I am delighted that Simon Goodyear is joining us as our CTO at this critical juncture of JBR Capital. We are the only independent specialised lending company for high-end cars in the UK market, providing best-in-class service to our Introducers and Clients. We have originated £82m in quarter one 2023, 42% higher than quarter one in 2022, and aspire to keep growing at an accelerated pace, with a further £1bn in the next two years. Simon brings extensive experience to JBR and will expedite our transition to becoming a technology-powered, leveraging the most innovative tools to improve client boarding, credit decisioning and in-life servicing of Introducers and clients.”
Goodyear said: “I am privileged to be joining JBR Capital to help lead and shape its ambitious future, it is a company I have wanted to be a part of for a long time. Its success and growth has been phenomenal and technology has a central role to play in continuing this. With the market-leading finance technology and innovation we are implementing, the opportunity that lies ahead for both JBR Capital and its customers is extremely exciting.”
