Carplus has strengthened its lender panel through a new partnership with Marshmallow, aiming to improve access to car finance for individuals who have recently relocated to the UK.
Marshmallow, a fintech company founded in 2017, initially disrupted the insurance market by recognising overseas driving records. It has since applied this same approach to lending, using data to create more inclusive credit assessments.
By working with Marshmallow, Carplus is now able to better support customers whose UK credit history may not accurately reflect their financial situation, helping them secure finance more easily.
Roman Danaev, Founder of Carplus said: “Marshmallow has already changed how insurance works for this group, and we’re proud to be working with them to do the same for car finance. Their mission is now ours too: making car finance accessible for people who have recently moved to the UK. This partnership marks another step in our journey to help more customers across the UK get on the road.”
The partnership forms part of Carplus’s wider mission to provide access to finance for a broader range of customers. With rising migration levels, demand is increasing for financial products that consider global experience rather than relying solely on UK credit history.
