Buyers Unlikely to Bite on Uber Subprime Leasing Unit

  • Emma Sandler
  • August 17, 2017
Uber Technologies Inc.’s plan to consolidate or sell its subprime leasing arm, Xchange Leasing, would be a “smart move,” Grayson Brulte, a consultant and president of Brulte & Co., told Auto Finance News. However, Brulte thinks it unlikely another company would acquire the unit, because subprime is a business “about to burst.” Last Updated: 17th August, 2017, 11:16 […]

Capital One Adjusts Taxi Underwriting as Rideshares Disrupt the Market

  • Natalie Mattila
  • July 27, 2017
Capital One Financial Corp. is making changes to its commercial taxi medallion lending portfolio by restructuring loans to protect its collateral as rideshares disrupt the industry, Chief Financial Officer Scott Blackley said on the company’s second quarter earnings call last week. “We’re working aggressively with our borrowers to restructure loans where possible; we’re taking steps […]

Grab Rideshare Integrates Wave Money E-Wallet

  • Emma Sandler
  • July 3, 2017
Grab, Southeast Asia’s leading ride-hailing platform, formed a partnership last week with Wave Money, Myanmar’s first licensed mobile financial service provider. Through the partnership, Grab’s driver partners can sign up for e-money accounts that allow them to easily manage their cash flow, Grab said in a statement. Wave Money’s e-wallet platform will also be integrated into […]

Why Insurers Are Driving Into Rideshares, Despite Speed Bumps in Coverage

  • Natalie Mattila
  • June 27, 2017
Auto insurers already feared the concept of the rideshare: How would they cover the drivers when the app was on or off? And what if there was a passenger or package in the vehicle at the time of the accident? But there’s another less noted concept bringing caution to the wind: Rideshare drivers are accepting […]

Rideshare Aims to Expand Partnerships with Dealers and OEMs

  • Emma Sandler
  • June 14, 2017
Sitbaq, a rideshare operating in the San Francisco Bay Area, is looking at ways to provide incentives to drivers through partnerships with insurance companies, local dealerships, and automakers, Mobility Buzz has learned. Founded in late 2015, Sitbaq does not operate as a traditional on-demand rideshare, but instead as a reservation system in which a rider can request a car between […]
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