File image: IOL

CAPE TOWN - Auto Industry startup and car dealer, getWorth is receiving international investment which has expanded its total funding to R18.5 million. 

The investor was attracted by our unique product that solves many of the challenges when selling a car", says GetWorth co-founder Jamie Surkont. 

Surkont exclaimed his excitement yet reveals that the details surrounding the international investment remain confidential. 

GetWorth's robust approach has impressed customers by paying out sellers an average bonus of R40 000 over and above their trade value. 

“We have received phenomenal interest and enquiries from international auto industry players regarding the unique and innovative approach we have adopted in the local market. They were impressed by how strong the proposition is and how positive the customer response has been...", adds Surkont. T
 
According to GetWorth, the acquired funding will be utilised to improve getWorths technology and assist with working capital in order to expand the business. 

Larger premises have already been secured in the Western Cape and a noteworthy growth in staff numbers is expected over the following months.
 
Surkont contends that getWorth’s initial growth is now ready to ascend.

“A portion of the funding will go towards developing a pipeline of other new products for the used car market", says Surkont. 
 
Getworth is excited about their bridging product which will assist individuals with vehicle loans and  provide them with a solution to trade out in a responsible manner. 

“Financial wellness, transparency, the use of technology and a far better return for our clients are not concepts usually allied with the used car market.  This investor’s expertise will assist us in international markets when the time is right,” he concludes.

- BUSINESS REPORT ONLINE