Reg Rix
About Reg Rix
Reg Rix is the Co-Founder and CEO of 247 Money and CarFinance 247, both based in Manchester, England. He has a strong background in the finance sector, having launched his first online business at 17 and currently serves as the Founding Chair of the Fundraising Board at Manchester Youth Zone.
Work at CarFinance 247
Reg Rix serves as Co-Founder and CEO of CarFinance 247, a role he has held since 2006. Under his leadership, the company has processed over 100,000 consumer applications each month and collaborates with a network of 4,000 independent dealerships. In the previous year, CarFinance 247 originated more than £500 million in motor finance, demonstrating its significant presence in the automotive finance sector.
Current Role at 247 Money
In addition to his responsibilities at CarFinance 247, Reg Rix is the Co-Founder and CEO of 247 Money, a position he has maintained since 2018. The company issues over 1,000 consumer loans each month and has successfully originated more than £100 million in motor finance. This venture reflects his commitment to expanding financial services in the automotive industry.
Involvement with Manchester Youth Zone
Reg Rix has been actively involved with Manchester Youth Zone as the Founding Chair of the Fundraising Board since 2022. His role focuses on supporting the organization’s fundraising efforts, contributing to the development and well-being of youth in Manchester, England.
Background and Early Career
Reg Rix launched his first online used classified business, NetCars, at the age of 17. He successfully exited this venture through a sale to RAC in 2006. This early experience laid the foundation for his future endeavors in the automotive finance sector.
Education and Expertise
Reg Rix studied at North Cestrian Grammar School from 1994 to 1998. His educational background, combined with his extensive experience in the automotive finance industry, has equipped him with a strong understanding of company culture, values, leadership, and mental health.