LE Capital Partners with Carwow to Launch Integrated Stock Funding
LE Capital has announced a new partnership with Carwow that will enable dealers to fund vehicle purchases directly through Carwow Wallet using their existing LE Capital stocking facility.
The integration embeds LE Capital’s stock funding solution directly into Carwow’s digital payment platform, allowing eligible dealers to instantly fund and secure vehicles purchased through Carwow’s auctions without leaving the platform.
With more than 20,000 vehicles listed each month across six weekly auctions, the partnership is designed to streamline the vehicle purchasing process for dealers and reduce delays traditionally associated with arranging stock funding separately.
Dealers with available funds on their LE Capital facility, and signed up to Carwow Wallet, will be able to complete purchases immediately through Carwow Wallet, removing the need for manual approvals and helping dealers secure stock faster in a highly competitive used vehicle market.
George Stancliffe, CEO at LE Capital, said: “This partnership represents another important step forward for LE Capital in simplifying the stock purchasing journey for our dealers. By integrating directly with Carwow Wallet, we’re enabling dealers to access funding instantly at the point of purchase, helping them move faster and operate more efficiently.”
Matt Cockerill, VP of Performance and Trading at Carwow, commented: “This latest integration allows dealers to stay on top of a fast-moving market and secure the stock they need, when they need it. Partnering with LE Capital is part of our continued investment in Carwow Wallet and the wider platform, providing dealers with faster stock sourcing and reduced friction.”
Carwow Wallet enables dealers to make secure digital payments for vehicles, fees and associated costs through a single platform. Powered by Airwallex and featuring two-factor authentication, the platform has been designed to simplify transactions while maintaining high levels of security and compliance.
The new integration forms part of LE Capital’s wider focus on delivering fast, flexible and digitally-enabled funding solutions tailored to modern dealer workflows.
Dealers already using Carwow Wallet and holding an eligible LE Capital stocking facility can begin funding purchases through the platform immediately.
To find out more about Carwow, visit: https://carwow.co.uk/partners/auctions
