Automotive retail finance and buy now pay later (BNPL) provider Payment Assist has launched a business division, offering financial solutions to businesses in the automotive sector.

The firm will now provide business loans, business credit cards, merchant cash advance, and invoice finance.

Businesses will have access to flexible funding options, allowing garages and dealerships to expand operations, invest in new equipment, and manage cashflow.

Marcus Gregory, CEO of Payment Assist, said: “This is more than just a product launch, it’s a natural evolution of how we support the industry.

“By offering broader finance solutions alongside our core BNPL platform, we’re making it easier than ever for our merchants to grow with confidence.”

To launch the business division, the firm has partnered with finance platform Groov, allowing businesses to view tailored funding options and select terms, on one online platform

Mark Hazzard, CEO of Groov, said: “At Groov, we believe in making capital both smart and accessible.

“Partnering with Payment Assist means combining deep BNPL expertise with intelligent lending technology to bring meaningful impact to automotive merchants.”