Auto fintech Open Lending said it will access additional capital, expanded market and distribution relationships and strategic support for long-term growth following its acquisition by specialty insurance provider ANV Group Holdings. Austin, Texas-based Open Lending insures up to 80% of the losses for loans underwritten under its parameters by lenders looking to dip further into the credit spectrum. ANV sought Open Lending for its specialty underwriting business, which “fits well” within ANV’s existing […]
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