Plenti Group Limited (ASX: PLT) and National Australia Bank Limited (ASX: NAB) have unveiled a strategic partnership, commencing with the launch of a "NAB powered by Plenti" car and electric vehicle (EV) loan. This collaboration integrates NAB's established brand and customer relationships with Plenti's acclaimed consumer finance capabilities and technology. The partnership aims to broaden consumer finance offerings for NAB's customers while diversifying revenue streams for both entities.
The innovative car and EV loan is set to debut in the first half of 2024, offering a leading car finance experience. Additionally, select Plenti renewable energy finance solutions will be made available to NAB's customers in 2024, facilitating energy bill savings and carbon emission reduction. The strategic partnership includes an equity investment agreement allowing NAB to acquire up to 15% of Plenti's share capital based on specific milestones.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
