Blue Motor Finance reflects on another successful year.

Blue Motor Finance Limited (Blue), a FCA regulated UK based car finance provider, prides itself on its simple technology enabled approach.
The last year has been another busy one for Blue, with the focus once again being on what the company can do to make motoring simpler for its customers. At the beginning of February Blue launched its Smart Search Service, allowing customers to directly access Blue’s stock of used vehicles from its dealer network. This was followed by the Smart Search App in March.
July, saw the release of an upgraded version of Blue’s customer portal which includes new features allowing customers to access their documents, make payments, request early settlement quotations and make new loan applications.
Throughout 2023, Blue have continued to support the 2025 FinTech pledge. Launched by Zopa Bank and ClearScore, the Pledge originally wanted to create 10 million actions to connect consumers to platforms that will help them improve their financial resilience. Blue is proud to be one of the 40 companies supporting this initiative, which has already achieved over 75% of its goal and has therefore increased its target to 25 million actions.
Towards the end of the year Blue secured new multi-million pound funding from two major banks, Shawbrook and Hodge. Both deals support Blue’s continued growth and its aim to provide good customer service combined with prudent lending.
Lastly, in December Blue held a consumer forum. This is an initiative from Blue, to enhance its communication with customers and get direct feedback on the company and ideas to improve. December’s forum was a success, we all enjoyed the experience and Blue plans to hold further forums in 2024.
Tiku Patel, CEO of Blue Motor Finance commented:
“This has been another exciting year for Blue and in these turbulent times we are especially proud of what we have achieved. The release of our Smart Search Service and our upgraded portal shows Blue is committed to continually making changes to improve the customer journey and our work with the FinTech pledge, proves we are also committed to helping people outside of our own customer base. The two new funding deals that we secured this year are an indication of the confidence both banks have in Blue and we look forward to long-term relationships with both.”

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