RCI Banque takes minority share in Bulb Software Ltd
28 July 2016
RCI BANQUE TAKES MINORITY SHARE IN BULB SOFTWARE Ltd
- On June 22, 2016, RCI Banque, the financial services provider of the Renault-Nissan Alliance brands took a minority share in Bulb Software Ltd, the provider of BulbThings.
- BulbThings – a new, innovative and smart asset and fleet management app to easily track usage and costs of your physical belongings.
- This investment is consistent with RCI Bank and Services’ strategy to deliver a seamless vehicle use experience for the Alliance brands’ customers through innovative, connected and personalized services
At the end of June 2016, the fleet activity represented more than 40% of European registrations. RCI Bank and Services commits to providing Alliance customers with tailor-made financing solutions.
On June 22, 2016, RCI Banque took a minority share in Bulb Software Ltd, the provider of BulbThings, a start-up which has developed an analytics platform that allows Small Medium Business (SMB) to easily track the usage and costs of any physical asset.
The partnership between Bulb Software and RCI Bank and Services will allow more and more companies to benefit from digital opportunities in order to optimize their fleet asset management. It provides Total Cost of Ownership management and connectivity for assets sensors, through a sleek user interface and collaborative features.
The deployment of this new solution is expected to be completed by the end of 2016 in the major countries of Europe. It will enable RCI to strengthen its services offering dedicated to business customers and to consolidate its position as a leader of business financing and services for Alliance brands.
We are glad to have RCI Banque as an investor and customer. This partnership is a great opportunity for us to benefit from their industrial experience, particularly in the area of connected vehicles, since vehicles are among the highest expenses items for our customers. Deploying RCI customers will also help us fast track our European expansion and get to the next stage in terms of analytics sophistication. says Leslie Depond-Valleray co-founder and CEO of Bulb.
Our teams work every day to conceive offers adapted to the needs of companies, regardless of their business activity and the size of their vehicle fleet. This partnership will allow us to provide our professional customers with innovative, affordable and simple solutions that help them to optimize their asset management. says Gianluca De Ficchy, CEO of RCI Banque.
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About RCI Banque SA :
Created and wholly owned by groupe Renault, RCI Banque is a French bank specializing in automotive financing and services for groupe Renault customers and dealer networks (Renault, Renault Samsung Motors and Dacia) throughout the world and the Nissan group (Nissan, Infiniti and Datsun) mainly in Europe, Russia and South America. With over 3,000 employees in 36 countries, RCI Bank and Services financed over 1.3 million contracts (new and used vehicles) in 2015 and sold more than 2.9 million services. Average loans outstanding stood at €28.6 billion of funding at end-June 2016 and earnings before tax at €844 million at end-December 2015 and €431 million at end-June 2016. Since 2012 RCI Bank and Services has rolled out a deposits collection business in four countries. At end-June 2016, net deposits collected stood at €11.8 billion, or 34% of the company’s outstandings.
Find out more about RCI Banque at www.rcibs.com
About Bulb Software Ltd :
Bulb provides a platform (BulbThings) for an organisation - of any size and industry- to efficiently manage its physical assets. Using the latest Web and IOT technologies, BulbThings provides asset owners and managers the transparency required to better manage an Asset’s Total Cost of Ownership while maximising the Return on Investment on the Asset. The management team has over 50 years of experience in the industry.
For more information about BulbThings, visit http://bulbthings.com
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