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Thursday, May 26, 2022

NetSol Software Powers Mini USA Buying Platform

Mini USA and Mini Financial Services have selected Otoz as a preferred vendor to enable a digital buying experience at the auto brand’s dealerships.Otoz, a subsidiary of NetSol Technologies Inc. in Calabasas, provides the software to power the backend of the Mini Anywhere platform, which allowsconsumers to pick out a car, work on a trade-in, schedule to pick up the new vehicle and make payments, including the credit and contracting process. The platform went active in late May.Among the five Mini dealerships in California using the Mini Anywhere platform is Mini of Universal City in North Hollywood. Otoz will bring on additional California dealerships before expanding in Florida in coming weeks, according to a release from the company.Naeem Ghauri, chief executive of Otoz and president of NetSol, said the company was appreciative of Mini’s belief in its product and team.Putting the consumer at the center of the platform creates new sales channels for dealers and provides a product that benefits all parts of the asset finance ecosystem, he added.“We have already begun to see encouraging pickup of vehicle sales conducted through the platform, which is further validation that automotive brands need digital strategies and capable tech partners to execute,” Ghauri said in a statement.Shares of NetSol (NTWK) closed down on Monday by 12 cents, or 2.5 percent, to $4.60 on the Nasdaq, on a day when that market closed up a fraction of a percent.

Mark Madler
Mark Madler
Mark R. Madler covers aviation & aerospace, manufacturing, technology, automotive & transportation, media & entertainment and the Antelope Valley. He joined the company in February 2006. Madler previously worked as a reporter for the Burbank Leader. Before that, he was a reporter for the City News Bureau of Chicago and several daily newspapers in the suburban Chicago area. He has a bachelor’s of science degree in journalism from the University of Illinois, Urbana-Champaign.

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