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Tag Archives: SoftBank

Jumping In: Online Lenders Join the ABS Market

From the April issue: The auto securitization market is being injected with new blood. It’s been about 15 years since an auto financier securitized a new asset class, but Fair is gearing up to do just that. Fair, a used-car leasing platform with a subscription-based model, has started the process of getting a rating and […]

Bianca Chan
April 11, 2019
Capital Markets, Credit Performance, Features, Operations, Strategy

Why One Startup Founder Turned Down a $1.1 Billion SoftBank Deal

Startups, when they raise venture money to build their businesses, begin with a Series A round and then proceed through Series E, F or maybe G before going public. The Indian ride-hailing service Ola is a bit unusual: It just completed its Series J fundraising and is marching toward Series K, a letter almost unheard […]

Bloomberg News
April 9, 2019
Capital Markets, Operations, Strategy

What Uber Really Gets From Selling a $1 Billion Stake

There’s more going on under the hood of a consortium’s planned $1 billion investment in Uber Technologies Inc.’s self-driving car unit than immediately meets the eye. Softbank Group Corp.’s Vision Fund and other investors are set to pump that amount into the division at a valuation of between $5 billion and $10 billion. It’s almost […]

Bloomberg News
March 14, 2019
Innovation & Mobility, Technology

Fair to Add Inventory With $50M Debt Facility Backed by Silicon Valley Bank

Used-car leasing app Fair closed a $50 million debt facility financed by Silicon Valley Bank. The funds will be used to purchase more vehicles for Fair’s fleet, the company announced Jan. 24. The new debt facility is a move for the bank to support “companies offering disruptive solutions in industries undergoing transformative change," Zhengyuan Lu, […]

Nicole Casperson
January 28, 2019
Innovation & Mobility, Strategy

Uber Weighs Options for Xchange Leasing, Including Sell-Off

Uber Technologies Inc. is considering selling or consolidating its leasing program — Xchange Leasing — which provides subprime car leases to Uber drivers, a source familiar with the program told Auto Finance News. The program, which debuted in July 2015 as a way to help provide vehicles to potential drivers, was also an initiative to encourage […]

Emma Sandler
August 8, 2017
Innovation & Mobility, Technology

Tech Partnerships Help Drive Digital Transformation in Auto Finance

Aclaro, a company that develops tools for companies in the automotive industry, recently announced game-changing news that validates its mission of helping small, scrappy dealerships compete with larger competitors. As part of its efforts to deliver five-star service for its clients, Aclaro joined the Microsoft Partner Network, allowing the company to continue building its business […]

How Lenders Should Leverage the Power and Promise of Artificial Intelligence

Technology does not wait for rules or regulations. Artificial intelligence (AI) is no exception. The potential profit associated with fintech speeds up innovation, but it also increases the risk of implementing machine intelligence without assessing potential hazards. Simply put, we do not understand how some machines solve problems with deep learning algorithms. This risk can […]

How to Leverage Current Machine Learning and AI Tools in Auto Lending

Auto dealers have heard the hype about how machine learning (ML) and artificial intelligence (AI) are going to transform their businesses. Typically, there are usually two binary outcomes that are discussed. On one hand, the promise of the future seems so bright. Instead of relying on intuition and gut feeling, many divisions of their businesses […]

The Value of User Experience When Managing Risk

Much has been written about the rise of machine learning and artificial intelligence and how it will impact the auto lending industry. While there has been a significant amount of hype, the promise of artificial intelligence is simply game changing. The most obvious application is that thinking machines will be able to assess risk and […]

The Benefits of Artificial Intelligence in Auto Lending

We are inundated with discussion about how new technologies promise to change the way that we do business and live our lives. Yes, many of these proclamations offer rhetorical flourish and grand visions. That said, there are new technologies available and startups that are maximizing these technologies to transform the auto industry — even today. […]

How Lenders’ Response Time Influences Dealer Relationships

Automotive OEMs rate vehicle performance by the time it takes to go from zero to 60 in seconds. This is a measure of energy conversion – fuel, spark, movement. While this is a mechanical situation, a comparison can be made to business response times. While fuel is a potential auto loan customer, the spark is […]

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Tag Archives: SoftBank

Jumping In: Online Lenders Join the ABS Market

Why One Startup Founder Turned Down a $1.1 Billion SoftBank Deal

What Uber Really Gets From Selling a $1 Billion Stake

Fair to Add Inventory With $50M Debt Facility Backed by Silicon Valley Bank

Uber Weighs Options for Xchange Leasing, Including Sell-Off

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