Axis Auto receives $12.3M investment from Westlake-driven fintech

The investment will fund the financier’s digital origination capabilities

© Can Stock Photo / mblach

Axis Auto Finance is improving its direct digital loan origination process in the Canadian market through a $12.3 million investment from NowLake Technology. NowLake Technology, the fintech parent company of Westlake Technology Holdings and Nowcom Corporation that launched in February, has agreed to purchase 30 million common shares of Axis at $0.40 per share. NowLake […]

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