FinCred CF are proud to announce that we have joined the Independent Automotive Aftermarket Federation (IAAF) as a service member. The IAAF is a well-established and highly regarded association representing, promoting and lobbying for the independent automotive aftermarket and all of their members. As a service member, FinCred CF will be offering a range of commercial finance solutions, including invoice finance and asset finance, to IAAF members.
Guy Letheren, Director at FinCred CF, remarked, “We delighted to be part of the IAAF and we are thrilled at this opportunity to add value to this esteemed association. Our sister company, FinCred IS, is an existing IAAF member offering trade credit insurance solutions, so becoming part of the IAAF felt like a natural progression for our business. As an invoice finance and asset finance solutions provider, FinCred CF are excited to be able to offer the IAAF members complementary services from both of our companies.”
The UK’s Automotive Aftermarket is currently valued at about £21.1bn and the market is expected to grow to around £28bn in 2022. FinCred CF are truly excited to be part of this growing industry and we want to help IAAF members flourish by providing an accessible route to the right funding solutions for their needs. FinCred CF will also be expanding our offering by providing exclusive webinars to IAAF members which will be co-hosted by a number of banks and finance providers.
Mike Smallbone, Head of Membership and Development at the IAAF said, “We are extremely pleased to have such a valuable new addition to our growing membership. With the Automotive Aftermarket making such a strong recovery following COVID-19, it is important for our members to have access to the finance they need to facilitate their growth.”
The IAAF is not only about representation of the Automotive Aftermarket, there is a strong community amongst the expanding members. FinCred CF are looking forward to the benefits the IAAF has to offer, including networking events and insights into the IAAF’s lobbying activities to protect the automotive aftermarket.