NAB partners with Plenti for secured auto/EVs and renewables lending

Share

Share

NAB has agreed to enter a strategic partnership with fintech lender Plenti Group Limited.

Under the partnership, NAB plans to launch a co-branded secured automotive and electric vehicle loan product. NAB and Plenti to also develop a proposition to provide customers access to select Plenti renewable energy finance offerings.

The strategic partnership combines NAB’s trusted brand and deep customer relationships with Plenti’s award-winning consumer finance experiences, efficiency and technology.

NAB’s Executive, Personal Everyday Banking Paul Riley said: “We’re excited to launch our first products with Plenti next year, and we look forward to working with Plenti to explore ways to expand the strategic partnership further.”

“The use of electric vehicles and environmentally sustainable products in the household is becoming more common in Australian homes and we’re keen to support our customers transition to a low emissions future.”

NAB has also entered an equity investment agreement, whereby NAB may acquire or subscribe for up to 15% of Plenti’s share capital over time, through market purchases or placements based on the achievement of certain milestones.

Plenti is an ASX listed Fintech Lender founded in 2014. Plenti has spent years building an integrated and seamless technology platform and customer experience, demonstrated by its consistent growth and award-winning proposition.

Announcements

SEE ALL TOPICS

Media Enquiries

For all media enquiries, please contact the NAB Media Line on 03 7035 5015

Related Articles

  • Business

New NAB Portal Pay to simplify and streamline property payments

NAB’s new payment platform will help reduce the complexities and administration burden traditionally associated with property sales and rental transactions.   

  • 20.09.2024
  • Time to read 3 min read
  • Media Release

NAB releases Q3 trading update

NAB has today released its third quarter trading update.

  • 16.08.2024
  • Time to read 1 min read
  • Personal finance

Australians save more than $1 million with NAB cashback and rewards program

More than $1 million in cashbacks and discounts have already been claimed by NAB customers since the launch of NAB Goodies in the NAB app recently.

  • 08.08.2024
  • Time to read 1 min read

Quick links

National Australia Bank — NAB

Sometimes When The Unexpected Happens, We Realise What We Truly Value. Whether A Home, Farm, Business Or Your Passion, NAB Is Here To Support You.

Business Research and Insights

For more business news and analysis, visit NAB’s Business Research and Insights.