Financing Services, Automotive
Premiere on the car financing market: Mogo Romania introduces the 100% digital signature
October 19, 2022, 7:00:00 AM
Bucharest, 19th of October 2022
Mogo Romania, the fintech specialising in granting loans for second-hand cars, marks a new step in its digitalisation plans. The 100% e-digital signature procedure eliminates the use of physical documents from the loan application process.
The new digital system is much faster, streamlining operations and eliminating laborious bureaucracy for clients and dealers alike. This way, all information is directly transmitted to the Mogo system, reducing the analysis time for car loan applications and facilitating automation for data archiving.
”At Mogo, we constantly strive to accelerate the digitisation process for all the stakeholders involved. In the auto finance industry, we are the first to implement this technology, and we want to continue this process to meet our clients and partners with new facilities and products”, explains Ionuț Badiu, General Director of Mogo Romania.
The e-signature is an increasingly widespread process at the European level, with significant benefits, especially for companies operating in the financial sector. In addition to reducing data processing errors, it increases the efficiency of operations. It improves the client experience, who no longer has to submit physically signed documents when applying for a loan. The process also benefits the dealers or other partners because it eliminates documentation management.
”The efficiency of the sales process represents a permanent objective to us. We are aware of the importance of digitisation and, in the last year, we have registered an increase in the number of online clients. Primarily, this is why we wanted to adapt to the European trends and simplify the process of requesting the loans”, declared Andrei Constantin, Head of Sales of Mogo România.
About Mogo România
Mogo Romania has been operating since 2017, financing individuals and authorised individuals for new or used car acquisition. Until now, Mogo has financed over 12,000 customers.
About Eleving Group
Eleving Group is a fintech company with a presence in 14 countries and three continents - Europe, Asia, and Africa. According to Financial Times, the group operates in financial services and is one of the 1,000 fastest-growing companies in Europe. It currently has over 2,600 employees and over 350,000 customers, financing until now over 1 billion euros.