Tricolor Holdings added another award to its mantle.

The used-vehicle retailer that focuses on the Hispanic market announced that it has been named to the Inc. 2022 Best in Business list, which honors companies that have made an “extraordinary” impact in their fields and on society.

Tricolor Holdings said it was recognized for its groundbreaking success in expanding physical and financial mobility for underserved Hispanics.

Over the last 15 years, Tricolor has booked more than $2 billion in auto financing to help thousands of customers — many of whom lack access to affordable credit — purchase a used vehicle. As a result of its focus on expanding financial inclusion to the underserved, Tricolor became one of the first finance companies in the United States to issue a social bond collateralized by consumer auto asset backed securities (ABS).

“We are honored to be included among this distinguished group of purpose-driven companies and grateful to Inc. for this tremendous recognition of our strategy,” said Daniel Chu, founder and CEO of Tricolor Holdings. “We have a strong conviction that success derives from empowering our customers and helping them to achieve a higher quality of life. Our mission to create that path has been inextricably embedded in both our culture and strategy.”

Rather than relying solely on quantitative criteria tied to sales or funding, Inc.’s editors reviewed the companies’ achievements over the past year and noted how they made a positive difference in the world.

Honorees for general excellence across various industries and categories are featured online at https://www.inc.com/best-in-business.

Inc. editor-in-chief Scott Omelianuk said, “Inc. magazine is dedicated to showcasing America’s most dynamic businesses and the great things they do. The Best in Business awards shine a light on those that have gone above and beyond their original mission to make a social, environmental or economic impact, benefiting those around them.”

In February, Tricolor was named the LendIt Fintech Industry Award winner for Excellence in Financial Inclusion.

Tricolor — also a U.S. Department of the Treasury certified Community Development Financial Institution (CDFI) — uses artificial intelligence (AI) and nearly 15 years of proprietary customer insights and with more than 25 million unique non-traditional credit attributes to unlock financially inclusive opportunities for low-income, credit invisible Hispanics.

The company has also helped more than 50% of its borrowers with no FICO score to establish a score with a major credit bureau.

For more information about Tricolor, visit tricolorholdings.com and tricolor.com.