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Fintech Startup Pursues Captive Partners for Loan Engine

Fintech startup SuperMoney is scouting captive partners, after launching its auto loan vertical this week with 20 direct lenders and credit unions on the platform, founder Miron Lulic told Auto Finance News. Currently, SuperMoney offers secured, unsecured, refinance, and private-party auto loans, but eventually it could expand to offer a suite of products including leases. […]

SuperMoney’s Direct Auto Aggregator Spotlights Full Cost of Interest Rates

The loan offer engine SuperMoney is launching a direct vehicle finance vertical today with roughly 20 participating auto lenders, the website’s founder Miron Lulic told Auto Finance News. SuperMoney’s platform launched with personal loans in April which could include unsecured auto purchases, but the new vertical allows for secured, unsecured, refinance, and private-party auto loans […]

LightStream Grows Despite Consumer Awareness Hurdles

LightStream’s powersports originations continue to grow, despite challenges to raise consumer awareness about the company’s unsecured loan offering, Business Development Officer Todd Nelson told Powersports Finance. While Nelson declined to offer origination numbers, he said LightStream’s portfolio — which includes home improvement, auto, and powersports loans — has grown by $5 billion in the past three-and-a-half […]

Innovation Requires ‘Sacrifice’ to Leap Forward, Panelists Advise [VIDEO]

Mobility companies need to have a “champion” —  a dedicated person to handle the company’s innovation goals — in an effort to find a balance between technology investments and meeting daily operational demands, said Miranda Hill, director of innovation and commerce strategy at ThoughtWorks. “You have to have a champion that will basically say, ‘You […]

Credit Overhaul: Why Millennials Demand New Underwriting Strategies

Powersport dealers see young millennials come into their stores all the time looking for the largest, fastest, most-expensive sportbike on the market. That’s when the warning light starts flashing in a lender’s head. “They start all gung-ho: They want the Suzuki Gixxer, they want the Honda CBR, anything that goes fast and looks really cool […]

Key Execs to Speak at Auto Finance Innovation

The Auto Finance Innovation speaker roster has expanded with the addition of a few contemporary — and innovative — executives from General Motors Co., Honcker, Thought Works, and uQuote — to name just a few. Nathan Hecht, chief executive of the multi-lender, mobile financing app Honcker; and Roy Mathew, chief executive of the auto finance Facebook chatbot […]

Powersports Finance Spring Issue Now Live

The spring issue of Powersports Finance Quarterly is now live, and available to current and new subscribers. The digital publication marks the first issue of 2017. In this issue, learn about why millennials are demanding new underwriting strategies, with insight from LightStream, Westlake Financial Services, MotoLease LLC, and TDECU; and whether motorcycle king Harley-Davidson Inc. is losing […]
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