Germany-based fintech Wirecard announced on Thursday it has formed a partnership with AUTO1 Group, a European digital automotive platform. According to Wirecard, the agreement was created through SoftBank’s existing partnership with Wirecard and AUTO1 Group and will cover several products in the area of digital financial services.
Wirecard reported it and AUTO1 Group will further develop digital financial services together, offering consumers services through boon, Wirecard’s consumer payment, and banking platform while professional partners will benefit from the partnership via AUTO1 Fintech, AUTO1 Group’s digital loan specialist unit. While sharing more details about the partnership, Hakan Koç, Co-founder and Co-CEO of AUTO1 Group, stated:
“As part of the continuous optimization of our service offering, we were looking for a knowledgeable partner with long-standing experience in both the financial and digital industries. We are confident that with Wirecard we can continue driving our global business forward at a fast pace by offering our various customer groups individualized digital financial solutions.”
Georg von Waldenfels, EVP Group Business Development at Wirecard, added:
“We are excited to work with AUTO1 Group, a European market leader in the used car industry. AUTO1 Group can leverage on our wide-ranging financial service offering. We look forward to working together to develop joint solutions for AUTO1 Group companies.”