SBS, Vero team up to accelerate innovation in wholesale finance

By Vriti Gothi

SBS  has partnered with Vero Technologies, a digital operating system for floorplan lending, to accelerate innovation in the wholesale finance industry. The two companies will power the digital transformation of U.S.-based Auto Use and Australia’s Soda Capital, bringing modern, data-driven solutions to independent finance companies and their dealer networks worldwide.

The collaboration underscores the growing demand for end-to-end digital platforms in floorplan financing, where many processes remain constrained by legacy systems and manual workflows. By combining the SBS Financing Platform (SFP-W) with Vero’s front-end capabilities, the solution offers lenders a fully integrated digital ecosystem covering loan origination, funding, collections, title management, inventory auditing, and risk monitoring. This approach enables finance companies to scale efficiently, optimise operations, and deliver seamless dealer experiences in a competitive, digital-first market.

For Auto Use, a trusted provider of commercial auto financing solutions with more than five decades of experience across the U.S. Northeast, the adoption of VeroOS powered by SBS marks a decisive step in modernising its floorplan lending operations. The cloud-native solution allows Auto Use to automate funding and repayment processes, streamline dealer onboarding, and achieve real-time visibility into performance metrics. As the platform evolves, Auto Use will leverage deeper integrations with credit bureaus, title tracking, and audit providers to extend automation and further enhance operational resilience.

“With Vero, our solution is uniquely positioned to support small and mid-sized lenders across every step of the financing journey so they can strengthen their operations and offer better dealer experiences,” said James Powell, Head of Asset and Consumer Finance, SBS. “Transforming lenders’ wholesale operations is most effective when modernisation happens across both their internal and customer-facing processes, but this can be especially difficult for smaller institutions with limited resources. Our joint solution addresses precisely this challenge.”

“Auto Use and Soda Capital are two leading independent financial institutions on two different sides of the world who understand the value of an all-in-one wholesale finance solution,” said John Mizzi, CEO, Vero Technologies. “By working with SBS, we’re providing these lenders with the innovative technology they need to modernise their operations, so they can focus more on what matters scaling their business and building long-standing customer relationships.”