Auto refinance company OpenRoad Lending eyes expansion following investment

Clarion Capital Partners purchased a majority stake in the subprime lender

© Can Stock Photo / Apriori

Auto refinance company OpenRoad Lending will expand its direct-to-consumer financing options to include vehicle purchase loans following a significant investment by private equity firm Clarion Capital Partners. Founded in 2009, OpenRoad offers digital auto refinance loans for consumers mainly in the subprime space, along with GAP and vehicle service products, according to a company statement. […]

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