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Startup Bloom Pilots Blockchain Tech With Several Captives

SAN DIEGO — Bloom, a blockchain-enabled platform that allows customers to choose what personal data to share with lenders, is piloting its technology with several captives, Founder and Chief Executive Jesse Leimgruber told Auto Finance News at the Auto Finance Innovation Summit last week. Bloom was the winner of the event’s annual “DEMOvation Challenge.” At the heart of Bloom’s design is BloomID, […]

Australian Startup Eyes Foray Into U.S. Market

SAN DIEGO — CarDeals2Me, an Australian startup that provides car buyers with a price quote that expires within 24 hours, is looking to enter the American market — once it secures a lender partner. “We’re grazing around to hit the U.S. market,” said Chief Executive Shaun Sumaru during the Auto Finance Innovation Summit here today. […]

Deadline Nears for AFN DEMOvation Challenge Submissions

With the deadline looming, now’s the time for startups to apply for a limited number of innovation demos during Auto Finance Innovation Summit 2019, which is slated for May 14-15 at the Omni San Diego. Auto Finance News is holding a DEMOvation Challenge in advance of Auto Finance Innovation Summit 2019 to determine which startups will […]

Executives to Discuss IT Challenges at Auto Finance Innovation Summit

Three distinguished executives from U.S. Bank, CarFinance.com, and Tricolor Auto Group are set to discuss the challenges of information technology at the 4th annual Auto Finance Innovation Summit during a session entitled “Solving Your Biggest Information Technology Challenges.” The discussion will take place on Tuesday, May 14, at 9:45 a.m. PT at the Omni San […]

AutoNation Leads $146M Funding Round In Vroom

New- and used-car dealership chain AutoNation is the lead investor in Vroom’s $146 million series G funding, announced today. Other investors were T. Rowe Price, L Catterton, General Catalyst, and Fraser McCombs Capital. In October, AutoNation had pumped $50 million into Vroom in exchange for a 7% stake. Vroom CEO Paul Hennessy told Auto Finance […]

SunTrust to Add Functionality to Consumer ‘Smart-Portal’ Tool

SunTrust Bank plans to increase functionality and services offered through its consumer-facing “Smart Portal” web tool in the coming three to six months, said Chuck Jones, the bank’s head of national indirect lending. The online service, which took about six months to build, went live in the second quarter. “The portal is an introductory site showing […]
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