Drive IQ Appoints Andrew Moulds as Chief Operating Officer

Drive IQ Technology has appointed Andrew Moulds as Chief Operating Officer, strengthening the company's strategic leadership team as it continues to scale its digital finance infrastructure across dealerships, brokers and intermediary networks.

The appointment reflects the company's continued growth across the automotive and asset finance sectors and was recently featured by Australian FinTech as part of its coverage of emerging fintech companies shaping the future of digital finance in Australia.

Andrew joins the executive team with more than 25 years of experience across the asset finance industry, having held senior roles within dealerships, brokerages and lending platforms. His appointment marks an important step in Drive IQ Technology's next phase of growth as the company continues to expand its technology ecosystem.

Drive IQ Technology CEO Simon Penhaligon said the creation of the Chief Operating Officer role positions the company to scale while maintaining strong operational leadership.

"The creation of this role positions our business to continue scaling while maintaining the operational discipline required to execute on our growth plans," Penhaligon said.

"Andrew brings extensive experience across the channels we serve, combined with strong commercial insight and a proven history of growing businesses. His appointment represents an exciting next chapter for the group."

Prior to joining Drive IQ Technology, Moulds held several senior leadership positions including Head of Asset Finance at Lend, Chief Operating Officer at asset finance brokerage Amfin (Approved Motor Finance Co), and Group Financial Services Manager at multi-franchise automotive group Alto Group.

Moulds said he was excited to be joining the business during a period of strong industry transformation.

"Having worked with Simon and members of the team in previous roles, I'm thrilled to be joining the group at such an exciting stage of its journey," Moulds said.

"I've always been passionate about the application of technology to finance, and Drive IQ Technology has developed an exceptional suite of end-to-end solutions. The development roadmap is impressive and the ability to test and learn quickly creates strong opportunities for growth."

Founded in 2020, Drive IQ Technology has rapidly established itself as a significant player in Australia's digital asset finance ecosystem, with its platform widely adopted by dealerships, asset finance brokerages and aggregators.

The company's finance management platform integrates with more than 100 lenders and provides a streamlined workflow that enables users to qualify, structure, submit, approve, settle and manage finance deals while maintaining full NCCP compliance.

At the centre of the platform is an intelligent credit decisioning engine that evaluates customer application data against lender products in real time. Drawing on more than 40 independent data points — including identity verification, credit bureau information, business and financial data, vehicle data and lender eligibility criteria — the system presents suitable lender options to help users structure deals more efficiently.

Drive IQ Technology has also expanded its product ecosystem with solutions designed to simplify the way finance is originated and processed across the industry. This includes digital finance application journeys designed for point-of-sale environments and fulfilment services that support dealers, brokers and referral partners when they require additional support structuring or settling deals.

Together, these solutions form a connected digital finance infrastructure designed to streamline the way finance transactions move between dealers, brokers, lenders and customers.

Drive IQ Technology's appointment of Andrew Moulds as Chief Operating Officer has also been covered by industry media.

Read the original coverage here: → Drive IQ Technology appoints Andrew Moulds as Chief Operating Officer — Australian FinTech