Driveways and parking lots often are the location for auto financing documents to be completed nowadays, not necessarily an F&I office at the dealership. To help finance companies and dealers transact with less face-to-face interaction and fewer employees on site ... [Read More]

The COVID-19 pandemic has halted two decades of global growth and raised several questions about how economies will function in the future. Experts are assessing whether the international upheaval caused by the pandemic will have a long-lasting impact on trade ... [Read More]

With more business happening in the “cloud” nowadays, Repay Holdings Corp. and TurnKey Lender recently finalized a partnership as a result. REPAY, a provider of vertically-integrated payment solutions, announced its partnership with TurnKey Lender, a cloud-based lending software for evaluating ... [Read More]

Fueled in part by the financial resources the fintech firm landed back in February, Digital Motors is now offering waived fees for its product that can turn any dealership website into an online store, empowering salespeople to sell remotely, while ... [Read More]

The coronavirus pandemic might be paralyzing many segments of the economy, but a fintech industry acquisition still surfaced this week worth more than $1 billion. On Tuesday, online personal finance company SoFi announced it has signed a definitive agreement to ... [Read More]

About a week after reinforcing its floor-plan capabilities, Vroom also bolstered its ability to originate financing for its online retailing operation. On Wednesday, Vroom announced a multi-year strategic preferred financing relationship with Santander Consumer USA. The company highlighted the partnership ... [Read More]

Scot Hall, executive vice president of Swapalease.com and Wantalease.com, acknowledged he’s always been a “glass half-full” person. And the coronavirus pandemic hasn’t changed his mindset. Hall joined senior editor Nick Zulovich for another episode of the podcast to discuss how ... [Read More]

Along with announcing its annual meeting of stockholders will be held in a virtual format only, Carvana this week welcomed the influx of funding it gathered from investors. Through its previously announced initiative, Carvana said it has raised $600 million ... [Read More]

Lightico conducted a customer survey this past weekend and found an overwhelming majority of its auto-finance users — 90.1%, to be exact — currently prefer digital or remote interaction with their provider stemming from the ongoing coronavirus pandemic. Meanwhile, Lightico also ... [Read More]

Just about a week after landing a funding commitment of up to $2.0 billion from Ally Financial, Carvana is turning back to the investment community to generate more financial resources. On Monday morning, Carvana announced the pricing of a registered ... [Read More]