Mallard Finance expands dealer reach with iVendi tech

Mallard Finance has integrated iVendi’s Finance Navigator technology into its operations, providing the company with access to a significantly broader network of vehicle retailers.

The move allows the Colchester-based motor finance provider to deliver quotes to dealers through an online tool that compares finance products from a wide range of lenders. The aim is to connect with potentially thousands of new dealerships not previously reached through Mallard’s existing distribution channels.

Edward Stevenson, managing director at Mallard, said the adoption of the tool opens a “new dealer marketplace” for the business.

“This process is fast, compliant, and gives the car buyer everything they need to make a highly informed decision,” he said. “We’re very much focussed on delivering the best possible service to as many motor retailers and consumers as possible, and this new arrangement with iVendi provides an exciting new channel through which we can pursue this objective.”

Finance Navigator is designed for both showroom and online use, providing near-instant comparisons across a panel of finance providers. Results typically appear within 10 seconds and include key information such as estimated monthly payments, indicative interest rates, and the likelihood of approval.

According to iVendi CEO James Tew, the tool offers a dual benefit: it increases dealer access to finance products while giving lenders, like Mallard, a broader platform for distribution.

“Lenders get to quote to more dealers, dealers get free access to a fast and compliant finance process, and car buyers become much more likely to access the best finance deal for their needs,” he said.

Tew also noted that some dealers are using the tool with their existing lending panels, while others are opening up to a larger group of finance providers via Finance Navigator. The product is free for dealers to use, supported by participating finance companies such as Mallard.

Mallard has worked with iVendi since 2019, and its inclusion in the Finance Navigator programme represents a shift toward a multi-lender model, reflecting changing expectations from both consumers and the finance sector.

“The era of captive motor finance is coming to an end,” Tew said. “The future lies with fast and detailed multi-lender comparisons that Finance Navigator delivers.”