Fair to Close Funding Round, Secures Offers for Nearly $1 Billion in Capital

  • Natalie Mattila
  • October 23, 2017
Fair — a used-car, no commitment leasing app — is closing a strategic funding round for an undisclosed amount and has additionally secured offers for nearly $1 billion in capital from a group of institutional investment banks, the company announced today. The funding round was led by BMW i Ventures, and includes investments from other strategic […]

Canadian Digital Platform Launches U.S. Version

  • Natalie Mattila
  • October 20, 2017
USA Drives, the U.S. division of auto loan platform Canada Drives, is already seeing a quick consumer and dealer adoption rate one month after launching, founder and co-Chief Executive Cody Green told Auto Finance News. Vancouver-based Canada Drives launched in 2010 and works with dealer partners’ existing lenders to secure indirect financing or personal loans for the vehicle they […]

Zego to Expand Pay-as-You-Go Insurance for Gig-Economy Drivers

  • Emma Sandler
  • August 2, 2017
Zego, an hourly insurer for commercial workers of the gig economy, raised over $1.3 million in seed funding to bring its product to delivery drivers and couriers en masse, the company announced earlier this week. Last Updated: 2nd August, 2017, 11:04 AM

CarLabs to Launch OEM Chatbot

  • Emma Sandler
  • July 28, 2017
CarLabs is working with an undisclosed OEM to launch a chatbot by September, which could include integration of the captive finance arm, Brendan Flynn, vice president of marketing, told Auto Finance News. Last Updated: 28th July, 2017, 9:39 AM

Blinker to Add F&I Products Into Platform

  • Natalie Mattila
  • July 14, 2017
Blinker plans to integrate insurance, parts, and services into its peer-to-peer car buying app in 2018, after securing lender partners and expanding nationwide, President Danny Martinez told Auto Finance News. “Our priorities are executing geographic expansion and integrating lenders, but we are also looking at how we can serve through the car-ownership lifecycle,” he said. “Our […]
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