Tagged: automobiles

January 4, 2024 @ 10:58 am By JD Alois  |  

Bumper, an automobile payments Fintech, has raised $48 million in Series B funding, according to a note from the company. The funding round was led by Autotech Ventures with participation from Shell Ventures, JLR’s InMotion Ventures, Porsche Ventures, and Revo Capital. To date, Bumper has… Read More

January 2, 2024 @ 8:27 am By Omar Faridi  |  

Total new-vehicle sales for December 2023, including retail and non-retail transactions, are projected to reach 1,396,700 units, a 13.2% increase from December 2022, according to a joint forecast from J.D. Power and GlobalData. As noted in the research report, December 2023 has 26 selling days,… Read More

August 11, 2022 @ 4:21 pm By Omar Faridi  |  

With another RTP® Network solution, US Bank can “provide loan funds to auto dealers instantly after the loan contract is finalized by the bank.” Following a successful pilot completed in June, U.S. Bank has already “enabled more than 800 auto dealers to receive funds from… Read More

April 25, 2022 @ 7:57 am By Omar Faridi  |  

SALT and Cion Digital recently announced a strategic partnership “to bring SALT’s crypto-lending solutions to 5,000+ auto dealerships in the US.” The announcement marks “the launch of SALT’s Embedded Crypto Lending Service, which will enable financial service providers and fintech platforms to rapidly deploy crypto… Read More

March 15, 2022 @ 1:27 am By Omar Faridi  |  

CarNow, the automotive industry’s digital retailing firm, recently announced a partnership with Cion Digital, offering clients a way to purchase and finance vehicles using cryptocurrency via “an integration with CarNow’s Real-Time Retail™ platform.” Cion Digital’s “ready-to-deploy” modular payments and lending platform offers firms with access… Read More

January 28, 2022 @ 12:51 pm By Omar Faridi  |  

Automobile dealership JCT600 has reportedly become the first retailer in the UK to use Lloyds’ PayFrom Bank account-to-account payment solution, displacing plastic cards at the online checkout. Introduced in July 2021, PayFrom Bank brings together Mastercard’s Payment Gateway capabilities/functionality and its Open Banking Connect platform… Read More

March 1, 2021 @ 1:19 pm By Samantha Hurst  |  

  Volkswagen Financial Services UK (VWFS), part of Volkswagen AG, has partnered with Scrive and Onfido to launch their next-generation digital financing solution for UK dealerships. According to Volkswagen, Scrive’s electronic signature service and Onfido’s digital identity verification services are integrated into the new process for verifying customer identity… Read More

December 18, 2020 @ 10:51 pm By Samantha Hurst  |  

RateGenius, a U.S.-based fintech company with a proprietary consumer-lending platform, announced on Friday it has funded approximately $8.5 billion in auto loans. RateGenius reported that nearly $1 billion of those loans were dispersed in 2020, even though 85% of the company’s team worked remotely for much… Read More

January 27, 2019 @ 1:54 pm By Samantha Hurst  |  

Uniti, a Sweden founded electric car manufacturer, is set to close its latest equity crowdfunding campaign on Crowdcube with more than £1.2 million in funding from over 1900 investors. The company launched the round in December, originally seeking £1 million for a 1.02% equity stake in the… Read More

September 7, 2018 @ 3:13 pm By Cali Haan  |  

You can now roll VIP through Houston, Texas in a Bentley, Bugatti, or Rolls-Royce purchased with Bitcoin from tony Post Oak Motor Cars. It’s just an easier way to do a big deal, says Post Oak owner, Tilman Fertita, who also owns (no biggie) – the Houston… Read More

March 20, 2018 @ 7:55 am By Samantha Hurst  |  

AutoGravity, a fintech provider modernizing the way consumers buy and finance automobiles, announced on Tuesday INFINITI Financial Services has joined its automotive shopping and financing platform. According to AutoGravity, consumers will now be able to select any INFINITI vehicle and see finance offers from IFS… Read More

January 23, 2018 @ 6:00 am By Samantha Hurst  |  

AutoGravity, a California-based Fintech on a mission to transform car shopping and financing, announced last week it surpassed $2 billion in finance amount requested in 2017. The company, which launched its platform in 2016, reported that it rapidly expanded from 100,000 users in its first… Read More

November 13, 2017 @ 9:28 am By Samantha Hurst  |  

AutoGravity, a California-based Fintech on a mission to transform car shopping and financing, announced on Monday its platform has surpassed one million users. Launched in 2016, the company rapidly expanded from 100,000 users in its first six months to more than one million users less than a year… Read More

October 17, 2017 @ 10:55 am By Samantha Hurst  |  

AutoGravity, a California-based Fintech on a mission to transform car shopping and financing, announced on Tuesday it has appointed Chuck Schofield as its new Vice President of Dealer Sales. Prior to joining the fintech firm, Schofield served as Western Region Senior Manager for Mercedes-Benz Financial Services where… Read More

September 27, 2017 @ 9:45 am By Samantha Hurst  |  

AutoGravity, a California-based Fintech on a mission to transform car shopping and financing, today announced on Wednesday it has reached $1 billion in finance amount requested on its platform.   The company revealed that more than 750,000 car shoppers have downloaded its app and collectively request over $1 billion in financing…. Read More

June 15, 2017 @ 3:00 pm By Samantha Hurst  |  

Automobile fintech firm AutoGravity has teamed up with Fletcher Jones Auto Group to launch real-time investors smartphone app, Fletcher Jones Drive (FJ Drive). Users of the new app will be able to access a large selection of Mercedes-Benz along with an auto financing application, and Mercedes-Benz… Read More

June 13, 2017 @ 2:14 pm By Samantha Hurst  |  

RideLink (previously known as DriveJoy), an online community where car owners can safely rent their cars directly to drivers, has successfully secured its initial £1 million funding target and has raised well over £1.1 million through its equity crowdfunding campaign on Seedrs. The initiative has already attracted more… Read More

April 3, 2017 @ 1:17 pm By Samantha Hurst  |  

Fintech firm AutoGravity announced on Monday that its data revealed that more than 250,000 shoppers and 1,400 dealers have downloaded its iOS and Android apps for car shopping and financing. While sharing details about the company’s recent data results, Serge Vartanov, co-founder and chief marketing officer… Read More

March 24, 2016 @ 3:23 pm By Samantha Hurst  |  

On Thursday, Elio Motors, Inc. (OTCQX: ELIO) announced details about its new ePlus Business Model for mass personalization at New York International Auto Show.  As previously reported, the ePlus process will allow consumers to pick the options they want and have a personalized vehicle delivered within 24 hours after ordering…. Read More

November 6, 2015 @ 2:40 pm By Samantha Hurst  |  

POD Point, a UK-based tech company that produces electric vehicle charging solutions, has recently launched an equity crowdfunding campaign/bond through Crowdcube to raise £1.5 million. The initiative(s) comes nearly a year since the company’s debut on Seedrs. POD Point has designed and manufactured electric vehicle (EV) charge… Read More