With an eye toward national expansion among other growth objectives, Veros Credit on Monday announced a strategic investment from ITOCHU International, a global leader in trading and investment.

According to a news release, the investment may result in ITOCHU acquiring a minority ownership stake in Veros Credit, underscoring both companies’ shared commitment to long-term growth in the automotive finance sector.

The companies said this partnership combines ITOCHU’s global financial expertise with Veros Credit’s technology-driven platform and deep knowledge of the U.S. non-prime auto finance market.

Together, the companies aim to accelerate Veros Credit’s product suite and seize emerging opportunities in the evolving vehicle finance landscape.

“We are thrilled to welcome ITOCHU International Inc. as a strategic investor,” Veros Credit president Cyrus Bozorgi said in a message sent to Cherokee Media Group. “This partnership represents a significant milestone for our company. ITOCHU’s global reach, financial strength, and long-term vision align perfectly with our mission to empower more consumers and automotive dealers through innovative automotive financing solutions.”

Bozorgi added, “With ITOCHU’s support, we’re in an even stronger position to scale our operations, enhance our technology, and pursue exciting growth opportunities nationwide. This is more than an investment — it’s a collaboration that will fuel our ambition to be the premier provider in the non-prime automotive lending space.”