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Bloom Wins DEMOvation Challenge at Auto Finance Innovation Summit

SAN DIEGO — Bloom, a decentralized data security solution powered by blockchain, was crowned the winner of the third annual DEMOvation Challenge at the 2019 Auto Finance Innovation Summit, toppling six other startups. The DEMOvation Challenge offers fledgling startups the opportunity to showcase their technology in front of a wide audience of auto lending and […]

AFN Announces DEMOvation Participants

Auto Finance News has selected seven startup companies to compete in the third annual DEMOvation Challenge, a showcase of new technology. The event, sponsored by Market Scan, takes place at the Auto Finance Innovation Summit — part of Auto Finance Accelerate — at the Omni Hotel in San Diego, California on Tuesday, May 14. The […]

DriveItAway to Boost Scale, Expand Reach With New Marketing Partnership

DriveItAway, a company that connects rideshare drivers with dealerships’ idle stock, is eyeing an increase in rental volume after securing a partnership with call-center company CloudOne, the companies announced today. Vancouver, Wash.-based CloudOne handles 250,000 calls per month at its automotive-focused call center that facilitates new- and used-vehicle sales. It also provides credit-based lead generation […]

Subprime Lender Builds Rent-to-Own Model for Rideshare Drivers

Subprime lender ACC Consumer Finance plans to launch a rent-to-own program in 60 to 90 days as it looks toward the carshare industry for new product opportunities. “The most seamless way this works is with dealers and with [carshare] companies,” said President and Chief Financial Officer Joseph Bova. “The dealership sets up a rental program, […]

DriveItAway Acquires Whip Assets, Cuts Ties With HyreCar

DriveItAway, which provide dealers with the tools they need to offer subscription car services for Lyft and Uber drivers, today acquired the technology and assets of Whip. Whip offers subscription-service infrastructure management to car dealerships and fleet owners. Terms of the deal were not disclosed. DriveItAway also said that it is cutting ties with HyreCar, […]

HyreCar Adds PassTime to Its List of Strategic Partnerships

HyreCar, a platform that provides rideshare drivers with a pool of shared vehicles, strategically partnered with GPS solutions provider PassTime, the company announced this week. The partnership was made through an existing alliance with DriveItAway, a dealer-focused shared mobility company. Through these interweaving partnerships, HyreCar will allow its dealership partners to quickly enter and learn the mobility […]