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Belgian Financier Enters Small Fleet Market with Sofico

October 13, 2014

Belgian-based AlphaCredit, the consumer credit arm of BNP Paribas Personal Finance, is entering the small fleet and business car market and will offer the Miles software solution from Sofico to its clients, the company has announced.

AlphaCredit, which will target fleets with five cars or less, signed an agreement to offer Sofico's fleet management software. AlphaCredit now offers dealers, captive finance houses, and leasing companies a number of finance leasing products and wrap-around services for business customers, the company announced.

Sofico is a leading supplier of software solutions for leasing and fleet management companies, and its software is used by a broad range of leasing companies.

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