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Home » Vroom eyes expansion into proprietary lending

Vroom eyes expansion into proprietary lending

The move is driven by success in sourcing vehicles from consumers and product revenue growth

Amanda HarrisbyAmanda Harris
August 27, 2021
in New Tracks, Risk Management
Reading Time: 2 mins read
0
vroom app

Photographer: Gabby Jones/Bloomberg

On the heels of a strong second quarter marked by triple-digit product revenue growth, Vroom may soon expand into proprietary lending. The move is supported by Vroom’s “current scale and operating stability,” Chief Executive Paul Hennessy and Chief Financial Officer Dave Jones said at a recent JPMorgan Chase investor event. Vroom currently has financing partnerships […]

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