REG - Manx Financial Group - Payment Assist Limited Key Partner Agreements

Manx FinancialAnnouncement

23/07/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250723:nRSW1243Sa&default-theme=true

RNS Number : 1243S  Manx Financial Group PLC  23 July 2025

FOR IMMEDIATE
RELEASE
23 July 2025

 

 

Manx Financial Group PLC

(the "Group")

 

Payment Assist Limited Key Partner Agreements

 

Manx Financial Group PLC (AIM: MFX), the holding company providing a range of
diversified financial services to the Isle of Man and the United Kingdom
announces that its wholly owned subsidiary Payment Assist Limited ("PAL") has
entered into five new key partner lending agreements in the first half of the
year. These five agreements are expected to increase annual advances by £27
million and drive additional revenue growth of over £5 million. Monthly
advances in the first six months increased by 36% to over £19 million.

 

Retail Automotive Alliance Limited

 

PAL has entered into a Key Partner Agreement with the Retail Automotive
Alliance ("RAA"). Established in 2005, the RAA is a joint venture organisation
formed to improve the collective buying ability of 32 independent franchised
dealer groups. Together, these groups generate a combined annual turnover of
£4.1 billion and employ approximately 6,800 people.

 

The RAA member network collectively ranks as the fourth largest car retailer
in the UK. Through this partnership, PAL is actively engaging with RAA members
to deploy Buy Now Pay Later ("BNPL") finance solutions across their service
and repair centres. Discussions are also underway to introduce a broader
retail finance product range, aimed at driving growth within their aftersales
operations.

 

eDynamix UK Limited

 

PAL has entered into a strategic partnership with eDynamix, the developer of
the exsto Customer Engagement Platform. exsto streamlines dealership
operations using predictive analytics and AI-driven insights, enabling smarter
decisions and seamless engagement across the customer journey. As part of this
collaboration, PAL's BNPL product has been integrated into the exstoPay suite,
enabling dealerships to offer instalment-based finance directly within their
aftersales workflow.

 

With over 1,100 UK dealership sites currently using the exsto platform, the
partnership represents a significant commercial opportunity for the scaled
distribution of PAL's BNPL products.

 

Car Care Plan Limited / Nissan Motor GB Limited

 

PAL has partnered with Car Care Plan and Nissan Motor GB to launch the Instant
Service Plan, a manufacturer-backed offering that enables eligible Nissan
owners to spread the cost of both a major and minor service over 12 equal,
interest-free monthly payments.

 

This new initiative combines Car Care Plan's long-standing service and
warranty expertise with PAL's payment technology, supporting Nissan's goal of
increasing aftersales retention among used vehicle drivers who are not already
covered by traditional service plans.

 

Fix Auto UK Limited

 

PAL has entered into a partnership with Fix Auto Collision, part of the global
Fix Network of franchisee-owned and managed vehicle body repair shops. The
partnership covers Fix Auto's 110 UK-based body shops, with PAL's BNPL finance
solutions now being rolled out across the network. These solutions help
customers manage the cost of non-insurance repairs such as dents, scuffs, and
paintwork restoration. Additionally, for insurance-based repairs, customers
can now finance their insurance excesses.

 

Revive! Auto Innovations (UK) Limited

 

PAL has partnered with Revive!, who offer a mobile service for minor bodywork
and alloy wheel damage, to integrate BNPL finance into their service offering.
The rollout is currently live across 20% of the network, with further
expansion underway. In parallel, PAL is introducing its merchant services
platform across Revive!'s franchise network, cementing the relationship and
providing end-to-end payment solutions for their customers.

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) No. 596/2014, as it forms part of UK Domestic
Law by virtue of the European Union (Withdrawal) Act 2018. Upon the
publication of this announcement, this inside information is now considered to
be in the public domain.

For further information, please contact:

 

 Manx Financial Group PLC  Beaumont Cornish Limited   Tavistock Communications Limited           Greentarget Limited
 Denham Eke                Roland Cornish/            Simon Hudson/                              Jamie Brownlee

                           James Biddle               Kuba Stawiski
 Tel: +44 (0) 1624 694694  Tel: +44 (0) 20 7628 3396  Tel: +44 207 920 3150 mfg@tavistock.co.uk  Tel: +44 (0) 20 3307 5726

 

Nominated Adviser

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated
Adviser and is authorised and regulated by the FCA. Beaumont Cornish's
responsibilities as the Company's Nominated Adviser, including a
responsibility to advise and guide the Company on its responsibilities under
the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed
solely to the London Stock Exchange. Beaumont Cornish is not acting for and
will not be responsible to any other persons for providing protections
afforded to customers of Beaumont Cornish nor for advising them in relation to
the proposed arrangements described in this announcement or any matter
referred to in it.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  AGRQLLFLEDLFBBF