The Beginning

Webzation was launched by founders James Tew and Richard Tavernor. 

After noticing people were changing the way they were selling vehicles online, James and Richard saw an opportunity to influence dealer, lender and consumer behaviour. They set up Webzation and went about innovating the market, and they started by creating a finance eligibility checker, the first of its kind in the motor finance sector.  

First steps: first product

Quoteware, our first online finance tool, was launched to allow dealers to present a range of finance products on their own websites.

New products and a rebrand: Hello iVendi!

We launched our new product - Car Finance Checker. This software allowed customers to find out online if they were likely to be approved for finance at the start of the sales process and became a great lead generator for dealers and lenders. This was the first of its kind and a game changer for the industry.

Webzation was rebranded to iVendi in October 2012. The change was made as the company moved away from standalone e-commerce solutions designed to handle specific elements of the car finance and buying process towards a new platform-based approach.

Our platform launched

iVendi launched its core Dealer Platform to provide a complete motor finance infrastructure for dealers, which integrated completely with iVendi's existing Quoteware and Car Finance Checker online tools.

We also brought MotoNovo's Nexus 2 to market, which provided a "connected digital journey" to 2,000 MotoNovo dealers.

Recognition grows

We won both Motor Trader and Motor Finance Awards for our platform, which was now being used by over 7,000 dealers.

A milestone year

We reached our 100 billion motor finance quote milestone, and achieved both our ISO 27001 and ISO 9001 accreditations. Our search product won the Motor Finance Award in Berlin.

Big plans

By 2020, we signed our fist major international deal with BDK, the second largest motor finance lender in Germany.

We also launched iVendi's Connected Retailing range - Engage, Convert and Transact. 

At its core, Connected Retailing is a simple but persuasive idea. We link retailers, lenders and consumers at every stage of the buying process - research, decision and purchase - through solutions that are genuinely omni-channel and equally effective both online and in the showroom.

We introduced Reserve & Collect and our innovative Digital Deal features to help dealers in lockdown.

We had a record number of used vehicle sales pass through iVendi's online platform this year, representing actual sales of more than 120,000 cars, vans and motorcycles, and facilitating £1.3 billion in vehicle sales, despite the impact of COVID-19. And we also won the Innovation and Best Service for Dealers awards at the Car Finance Awards for Digital Deal.

Expansion continues overseas

We created new business units and appointed new country directors in France and Spain as we continue our expansion overseas.

We also on Best Technology Partner at the Car Finance Awards.