Manchester-based CarFinance 247 set to expand team by 125 in boost to regional economy

CarFinance 247’s workforce will grow by 20% in response to growth in consumer demand and to support its digital evolution

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CarFinance 247, the UK’s leading online car finance marketplace, is boosting its workforce by 20% this summer with plans to hire more than 125 people to meet the growing needs of the company as it responds to significant consumer demand.

The Manchester-based company, part of the 247 Group, has seen strong growth post-pandemic as the UK gets back on the road again, with demand for car finance online increasing rapidly.

The hunt for new talent comes as the 247 Group solidifies its position as a powerhouse in the motor finance industry, operating a digital marketplace with a wide panel of lenders alongside its in-house lender, 247 Money. 247 Money recently announced a securitisation deal worth up to £305m with backing from NatWest.

Led by entrepreneurial brothers, Reg and Louis Rix, CarFinance 247 is now hiring across its divisions with a focus on building an enhanced sales team to support consumers looking to find and finance their dream cars. The team will be supported by additional roles in technology and data, developing a new cloud-based CRM, as the business continues to strengthen its reputation as the UK’s destination for online motor finance.

CarFinance 247 is also continuing to invest in developing new talent, offering apprenticeship opportunities across its finance, HR, and technology functions.

The roles will be based at the company’s dynamic Manchester HQ, in a boost to the city’s rapidly growing FinTech community.

Reg Rix, Co-Chief Executive of the 247 Group said: “As our business continues to grow, we’re looking to build our team so we can continue to provide stellar service to all consumers. We’ve worked hard to build our company culture over the years and are looking for people who are positive, passionate, and driven to help us take 247 Group to the next level.

“While strengthening our sales division, we’re also aware that consumers are increasingly looking for a digital car buying journey. By hiring some of the brightest minds in the business to increase our technical capabilities and drive this digitisation forward at pace, we’ll soon be able to serve our consumers in ways that would have been unimaginable pre-pandemic. “

Daniel Graham, Chief Technology Officer at the 247 Group said: “Founded by two brothers, the 247 Group has never lost that family feel and we’re excited to welcome more people into this rapidly evolving business. We are proud to be able to offer 125 new roles to people in the North West, after what has been a challenging year for our region in particular. We’re looking to expand both our sales and technology teams, with a broad range of opportunities on offer. Successful applicants can look forward to a fast-paced yet supportive working environment, an extensive training programme, competitive commission structure, and scope for progression.”

* The UK's largest online car finance broker by unique users to the website. Based on Similar Web data – 1,137,647 to CarFinance 247 vs. 753,819 for nearest competitor. January to June 2023.

CarFinance 247 is a trading name of CarFinance 247 Limited. Registered office: Universal Square, Devonshire Street North, Manchester, M12 6JH. Registered in England. (Registration Number 06035525).

CarFinance 247 is authorised and regulated by the Financial Conduct Authority for insurance distribution and credit broking (Firm Reference Number: 653019). CarFinance 247 is registered with the ICO (Registration Number Z1897658).

Finance is subject to status and is only available to UK residents aged 18 and over. Written quotations are available on request.

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