Volkswagen Finance Pvt. Ltd. (VWFPL)India has recently entered into a strategic alliance with Kuwy Technology Service Pvt Ltd. by picking up a 25% equity stake in the latter.
Kuwy Technology is one of India’s leading instant lending digital platform and through this alliance which came into effect on September 3, 2019, Volkswagen Finance Pvt Ltd will now have access to Kuwy’s pan India network on car financing. The acquisition of stake is also in line with the India 2.0 strategy of VWFPL in a quest to offer better value to the consumer.
VWFPL’s association with Kuwy will help improve efficiency in processes and reduce the loan processing time making it a win-win for both dealers and customers. The alliance will also offer finance, insurance and warranty products for Volkswagen group customers on Kuwy platform.
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