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Kartesia provides €10 million financing to GT Motive

Kartesia provides €10 million financing to GT Motive

Kartesia, the European specialist provider of financing solutions for small and mid-sized companies, announces that is has provided €10 million financing to GT Motive, a leading software provider for the European automotive insurance and leasing market.

The company was born out of a strategic alliance between the European company GT Motive and America's Mitchell International, leader in the US market. The new company formed from this alliance is seeking to revolutionize the European market with its tried-and-tested communication platforms and claims management systems that currently lead the market in the US and are totally ground-breaking in Europe.

Jaime Prieto, Managing Partner at Kartesia said: “We are pleased to support GT Motive and its management team in expanding across Europe. The investment made over the last few years in the platform has resulted in superb and cost-efficient solution for automotive insurance and operational leasing providers looking to improve customer service and claims management.”

From GTMotive, CEO Angel Martinez thinks “this new funding will allow our company to keep growth momentum as we invest on new customers’ implementations and product developments to help our clients in their innovation journey. The scale we have leveraged by bringing Mitchell’s solutions to Europe would be unachievable for an insurance carrier or a leasing company by themselves. This is our core asset”.

About GT Motive

GT Motive, a Mitchell Partner Company is a European company dedicated to the development of claims management solutions, maintenance and breakdowns for the automotive sector. Its solutions provide the technology to get the best results and get you back to your daily routine following a vehicle accident or breakdown.

About Kartesia

Kartesia is an independent and privately owned specialist provider of financing solutions focused on small and middle market companies across industries in Europe. Kartesia has EUR1,100m assets under management and invested in over 80 companies in France, Germany, Northern Europe, Spain, Italy, Benelux and the United Kingdom.

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