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CarNext.com and Credibom partner to offer seamless financing for online car buying in Portugal

Lisbon – March 10, 2021.  CarNext.com, Europe’s leading online marketplace for high-quality used cars, has announced a partnership with Credibom Bank, to offer its online customers in Portugal rapid, seamless, and secure credit services.

This partnership gives CarNext.com customers access to instant financing, quickly and securely. The financing process runs completely through the CarNext.com marketplace, removing the need to visit third-party pages or wait several days for approval.

According to Luis Lopes, Managing Director at CarNext.com in Portugal, “recent data from Banco de Portugal* shows that the purchase of a car already represents more than half of the consumer credit in our country, meaning that a large number of people acquires their new car with the help of financing solutions. Now, thanks to the partnership with Credibom, CarNext.com customers can apply for this same financing and receive confirmation of their request in just a few minutes, in a fully online process. Everything is done quickly and safely, an excellent example of how, with the right partnerships, we can position Carnext.com as a one-stop-shop for car purchases in Portugal.”

Miguel Couto, Head of Commercial Division at Credibom, states that “Carnext.com is a very special Partner for Banco Credibom. And for us, getting to be Carnext.com’s preferred banking partner for automobile financing in Portugal is somewhat a challenge, but at the same time something that we are very proud of”.

“Both Carnext.com and Credibom share the same customer centric vision, which is actually one of the pillars of development for Banco Credibom and our Credit Agricole Group”, adds Miguel Couto.

In this regard, Credibom and CarNext.com together developed an Application Program Interface, which would allow not only the acceleration of sales through the digital channels, but also provide a superior experience to Carnext.com customers who intend to purchase vehicles using financing.

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