Car Capital boosts brain trust with 2 new advisors
Car Capital continues to make moves to establish itself as an up-and-coming auto-finance technology company that strives to get any deal bought no matter the consumer credit background.
After securing two separate rounds of funding, the company announced the appointment of two company advisors this week who have professional backgrounds with companies such as Bank of America and Hertz.
Now serving in this role according to a news release are John Binnie and Kirk Shryoc.
Most recently, Binnie was vice chairman of corporate and investment banking at Bank of America. He previously was a partner at Moelis & Co., head of the diversified financials group at Morgan Stanley and co-head of the bank and diversified financial services group at Salomon Smith Barney.
Shryoc is managing partner at Hard Right Solutions and co-founder of Mobility Financial Management. Shryoc is also a board member of several private companies and previously served as vice president and assistant treasurer of Hertz.
The company highlighted Binnie and Shryoc are also investors in Car Capital and bring a wealth of experience and ideas to contribute to Car Capital’s upward trajectory of tremendous growth since it launched operations earlier this year.
“We are thrilled to welcome John Binnie and Kirk Shryoc as company advisors,” Car Capital co-founder and chief executive officer Justin Tisler said in the news release. “Their broad experience will be invaluable to Car Capital as we continue to build the company, expand into additional markets and pursue future fundraising and strategic initiatives.”
With 100% automated instant approvals available to their dealer partners through its propriety web-based platform — Dealer Electronic Auto Loan System (DEALS) — Car Capital said it can make it possible for any consumer regardless of credit history to feel confident in the ability to purchase a vehicle when entering the dealership.
“I’m excited to work with Justin and the team at Car Capital to help develop this exceptional company into a sector-leading organization,” Binnie said.
“With their innovative technology that benefits both dealers and consumers, they are on track to make a significant impact on the retail auto industry in the best way.”
And Shryoc added, “As an investor and now advisor to Car Capital, I’m looking forward to supporting the company’s growth and their unique strategy to provide consumers with the opportunity to buy a car no matter their credit situation.”