Tagged: automobiles

US Bank Introduces Real-Time Payment Service for Automobile Dealers

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

SALT Introduces Cryptocurrency Lending as a Service, Announces Cion Digital as Partner

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

CarNow and Cion Digital to Offer Clients the Option to Buy, Finance Cars with Cryptocurrencies

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

Lloyds Bank Signs Up its First Retailer for A2A Payments API in the UK

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

Volkswagen Financial Services Partners With Scrive & Onfido to Launch Digital Financing Solution for UK Dealerships

  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

U.S. Fintech RateGenius Surpasses $8.5 Billion in Refinanced Auto Loans

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

Updated: Uniti Surpasses £1.2 Million During the Final Days on Crowdcube

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

Houston Lux Auto Dealer Now Taking Bitcoin

Bentley azure convertible car auto (1)

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

INFINITI Financial Services Joins AutoGravity’s Automotive Shopping & Financing Platform

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

AutoGravity Milestone: Exceeds $2 Billion in Finance Amount Request in 2017

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

AutoGravity Milestone: More Than One Million Americans Have Used the Auto Fintech Platform

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

AutoGravity Appoints Chuck Schofield As New Vice President of Dealer Sales

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

AutoGravity Surpasses $1 Billion In Finance Amount Requested & Debuts Real-Time Dealership Inventory Nationwide

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

AutoGravity Teams Up With Fletcher Jones Auto Group to Launch Real-Time Inventory Smartphone App

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

Seedrs Success: RideLink Attracts More Than £1.1 Million From Over 400 Investors Through Equity Crowdfunding Campaign

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

AutoGravity Reports: More Than 250,000 Shoppers & 1,400 Dealers Turn to Auto Financing Platform

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

Elio Motors Founder & CEO Discusses ePlus Business Model at New York International Auto Show

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

Seedrs Alum POD Point Launches £1.5M Equity/Bond Dual Campaign on Crowdcube

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

Want to Own Part of a Sports Car Company? Elemental is Equity Crowdfunding on SyndicateRoom

  A new British car company has designed a light weight sports car targeting the track and road driving enthusiast.  Their first car, the Elemental RP-1,  is a hot looking, carbon fiber roadster that will definitely turn heads. While you can’t buy one quite yet,… Read More

Blancfleet: Crowdfunding for Exotic Sports Cars Preps for Launch

Crowdfunding has been the catalyst for many incredibly unique and innovative creations. It has also spawned more than a few new and fascinating methods of financing a growing number of niche verticals. Blancfleet is one of those new unique verticals as they look to make… Read More

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