FOR IMMEDIATE RELEASE

Fena and DMS Navigator Announce Strategic Partnership to Revolutionise Payments in Automotive Dealer Management Systems

[London, 23.03.2023] - Fena, a leading provider of Open Banking payment solutions (https://fena.co), and DMS Navigator, a top dealer management system provider (https://www.dmsnavigator.com/), are excited to announce a strategic partnership that will transform the way payments are processed in the automotive industry. By integrating Fena's innovative Open Banking payments APIs into DMS Navigator's dealer management system, customers will benefit from a seamless, secure, and cost-effective payment experience.

This collaboration enables DMS Navigator to leverage Fena's technology to embed payment QR codes on invoices generated through their system, as well as send payment links and requests directly from the platform. Fena's state-of-the-art facilities will manage the collection of Open Banking payments across all invoices and payment requests, offering a streamlined process for dealerships and customers alike.

The partnership brings significant benefits to users of DMS Navigator, including low payment processing fees of only 0.3%, instant settlement of funds, and a significant reduction in fraud due to the strong authentication requirements for all payments.

Gosia Furmanik, CEO of Fena, said, "We are thrilled to partner with DMS Navigator and bring the power of Open Banking payments to the automotive industry. This collaboration is a testament to our commitment to provide efficient, cost-effective, and secure payment solutions that meet the evolving needs of businesses and their customers. By joining forces with DMS Navigator, we are taking a significant step towards revolutionising the way dealerships process payments, offering them more control and flexibility than ever before."

Simon, Managing Director of DMS Navigator, added, "Our partnership with Fena reflects our dedication to staying at the forefront of technological advancements in our industry. By integrating Fena's cutting-edge Open Banking payments APIs into our dealer management system, we are not only enhancing the payment experience for our customers but also offering them significant savings in payment costs and increased security. We are excited to work with Fena to drive innovation in our market."

About Fena:

Fena is a leading provider of Open Banking payment solutions, offering seamless and secure payment experiences for businesses and their customers. By leveraging cutting-edge technology, Fena helps businesses reduce payment costs, streamline payment processes, and minimise fraud risks. To learn more about Fena, visit https://fena.co.

About DMS Navigator:

DMS Navigator is a top dealer management system provider, offering comprehensive and innovative solutions for the automotive industry. With a focus on enhancing operational efficiency and providing best-in-class customer experiences, DMS Navigator delivers powerful tools for dealerships to manage every aspect of their business. For more information on DMS Navigator, visit https://www.dmsnavigator.com/.

For more information, please contact:

Gosia Furmanik

CEO and co-founder

Fena 

gosia@fena.co 

+447791641252