This week, 700Credit — a provider of credit reports, compliance solutions, soft pull, identity verification and fraud detection platforms — announced an alliance with Loopit — a Software-as-a-Service (SaaS) provider, specializing in car subscription management and billing solutions for automakers, dealerships and global startups.

Loopit has a network of more than 55,000 vehicles, putting the company in position to cater to the dynamic demands of the automotive subscription market. The firm integrated 700Credit’s soft pull prequalification into its workflow, streamlining the consumer shopping process making it easier for dealers and consumers to complete the vehicle leasing or subscription process.

The integration has been implemented in more than 6,500 dealerships, according to a news release from 700Credit.

“Loopit provides a unique integration partnership for 700Credit. Our soft-pull, prequalification platform is a perfect fit for their unique vehicle leasing and subscription platform,” 700Credit managing director Ken Hill said.

“Our prequalification platform has been implemented in over 6500 dealerships across the U.S. for vehicle sales. Expanding the usage into the vehicle leasing and subscription market is a natural extension for this powerful solution,” Hill continued.

“Loopit’s clients now have visibility into the credit position of their consumers at the top of the leasing/subscription process, providing a smooth and expedient customer experience,” he went on to say.

Loopit co-founder and CEO Michael Higgins added, “At Loopit, we are committed to continuously improving our platform to meet the evolving needs of the automotive subscription market. Teaming up with 700Credit allows us to offer enhanced credit reporting and compliance features, which are crucial for our clients in today’s fast-paced environment.”