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This Month's Focus

Turbocharged Finance
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3 primary capabilities of PayNearMe’s AI Servicing and Collections Agent
Almost a month ago, PayNearMe acquired the technology assets and hired the key employees of Marr Labs in a move described as one that will “help shape the future of payments.” The next development in that future involving artificial intelligence ... Read More
Fueled by more than $100M in strategic financing, MCO names new president
MyComplianceOffice (MCO) appointed John Schobel as president on Tuesday, as the provider of compliance management software for the financial services industry looks to continue its growth trajectory following the securing of more than $100 million in financing. MCO now serves ... Read More
ITOCHU invests in MOTER again to leverage connected-car technology
If you didn’t believe the modern vehicles you’re financing, retailing or repairing are smartphones rolling on four wheels, perhaps this investment announcement will sway your opinion. MOTER Technologies, an artificial intelligence-powered insurtech company that delivers a connected vehicle data platform ... Read More
Jeremy Louisos of Preowned Auto Logistics Returns to Show
Our “PAL” Jeremy Louisos of Preowned Auto Logistics is back on the show for a wide-ranging conversation about his work on remarketing industry committees and conferences, top issues and hot topics in auto transport and much more. The interview is ... Listen Here
SPONSORED EPISODE: Rethinking vehicle-protection plans for today’s wide inventory mix with GWC Warranty
Used-car inventory on dealer lots nowadays can range from older, higher-mileage vehicles to EVs, lifted trucks, and modified vehicles. The result is dealers are also having to change the vehicle-protection conversations with customers. In this special sponsored episode of the ... Listen Here
Recapping credit scores & other trends in auto finance with Shams Blanc of FICO
Shams Blanc, head of auto scores at FICO, made another appearance on the Auto Remarketing Podcast to elaborate more about the fall edition of the FICO Score Credit Insights report. Along with recapping what’s going on in auto finance, Blanc ... Listen Here

Solera moves into used-car finance space

Solera booth at NADA
Auto Fin Journal Staff
Solera Holdings specializes in providing services across the vehicle lifecycle management spectrum. At the NADA Show last week, the company announced its launch into one of the most important pieces of that process with the debut of Solera Auto Finance. ... [Read More]

Equifax & Bridgeforce partner to improve credit data furnishing

Equifax Bridgeforce for web
Auto Fin Journal Staff
On Monday, Equifax and Bridgeforce Data Solutions announced a new partnership reinforcing their shared commitment to the data furnisher community by providing them with additional tools and support mechanisms to enable optimal data accuracy. As part of the agreement, Equifax ... [Read More]

AutoFi valuation approaches $700M with SCUSA investment

kevin at autofi for web
Auto Fin Journal Staff
Fueled in part by an auto finance company that’s been one of its clients since 2018, AutoFi announced on Monday it has closed $85 million in funding valuing the company at nearly $700 million. One of the first Emerging 8 honorees ... [Read More]

Greenfield explains thinking behind Automotive Ventures DealerFund

Steve Greenfield at NAVIcon
Auto Fin Journal Staff
In January, Automotive Ventures chief executive officer and founder Steve Greenfield announced a contest in collaboration with Shell Lubricants to help startups. On Wednesday, Greenfield highlighted his newest initiative that’s aimed to provide fuel for entrepreneurs; this time connected with ... [Read More]

TradePending, fueled by Capstreet Group, acquires AutoAPR

merger and acquisition pic on table
Auto Fin Journal Staff
One North Carolina-based firm that offers technology for dealer websites to help potential buyers understand their financing options has been acquired by another Tar Heel State company that provides vehicle valuation and merchandising software solutions to dealerships TradePending announced on ... [Read More]

TurboPass expands into consumer finance & adds new executive

People puzzle_1149593039
Auto Fin Journal Staff
A previous Emerging 8 honoree is expanding its offerings and executive team. TurboPass, an electronic multi-verification solution for dealers, highlighted that it has experienced “explosive” growth during the past 24 months and is now ready to begin expanding beyond the ... [Read More]

Origence part of record 2.2M auto-finance contracts originated by credit unions in 2021

Auto Fin Journal Staff
It was a record year at Origence. The CU Direct brand and technology solutions provider announced on Tuesday that it had delivered a record amount of auto financing for credit unions through its platforms in 2021. The company said credit ... [Read More]

TD to acquire First Horizon with eyes on fertile Southeast market

TD First Horizon for web
Auto Fin Journal Staff
Our recaps of merger-and-acquisition activities now are back in the banking sector. On Monday morning, TD Bank Group and First Horizon announced that they have signed a definitive agreement for TD to acquire First Horizon in an all-cash transaction valued ... [Read More]

Alfa distributes second whitepaper in Innovation in Implementation series

Alfa series for web
Auto Fin Journal Staff
After opening its whitepaper series last fall about systems change called Innovation in Implementation, Alfa released the next installment last week. The provider of systems and services to some of the world’s most complex auto and equipment finance companies highlighted ... [Read More]

Credit Union Loan Source rolls out rebranding & revamped website

cinch auto finance for web
Auto Fin Journal Staff
After nearly two decades, Credit Union Loan Source decided it was time for a change. The auto finance company that originates and services installment contracts with more than 1,500 franchised and independent dealers in its 25-state footprint announced on Wednesday ... [Read More]

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