SBS and Vero Technologies expand partnership with new lender deals in US and Australia

SBS, a global provider of banking software for wholesale financing and audit operations, and Vero Technologies, which builds digital operating systems for floorplan lenders, have broadened their collaboration through new agreements with US-based Auto Use and Australia’s Soda Capital. The companies said the partnerships aim to automate and modernise key portions of the lenders’ floorplan financing operations.

Auto Use, a long-standing commercial auto finance provider in the Northeast, and Soda Capital, one of Australia’s fastest-growing non-bank lenders in floorplan and distribution finance, will begin using the joint digital wholesale platform developed by SBS and Vero. The end-to-end system is designed to streamline loan workflows, strengthen risk oversight and provide real-time visibility into inventory and dealer performance.

Floorplan financing remains a growth area for manufacturers, banks and independent finance companies, but much of the sector still relies on legacy systems for onboarding, funding, risk management and inventory audits. Industry executives say these manual processes can hinder scalability – particularly for smaller lenders – and limit the ability to expand into new markets or efficiently support dealer networks.

SBS and Vero position their combined offering as a remedy to these constraints. The SBS Financing Platform handles back-office functions such as loan processing, billing and inventory auditing, while Vero’s front-end system digitises the loan lifecycle, including onboarding, credit assessment, funding, collections, title management and risk monitoring.

“This can be especially difficult for small and mid-sized lenders that have more limited resources to allocate to wholesale financing relative to larger enterprises,” said James Powell, head of asset and consumer finance at SBS.

“With Vero, our solution is uniquely positioned to support these lenders across every step of the financing journey.”

Auto Use will adopt the VeroOS and SBS platform to reduce manual touchpoints, automate funding and repayment workflows, and introduce real-time monitoring of loan and dealer metrics. The lender also plans to use the platform’s partner-management capabilities to configure customer-specific workflows and expand integrations with external systems such as title tracking and credit bureaus.

Soda Capital will use the technology to streamline loan origination, servicing and portfolio management as it scales its floorplan programs. The lender said access to integrated data and third-party connections will help improve transparency for dealers, sharpen credit-risk assessment and support more efficient capital deployment. The partnership represents Vero’s first expansion beyond the US market.

“Auto Use and Soda Capital are two leading independent financial institutions – on two different sides of the world – who understand the value of an all-in-one wholesale finance solution,” said Vero Technologies CEO John Mizzi.

The two lenders join a growing roster of financial institutions using the SBS–Vero digital wholesale platform as the companies push further into global markets.