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Fintech launch automates subprime loans for the automotive market
6 Apr 2021
Fintech company Car Capital has closed an $8.8 million Series A funding round that will enable it to launch its auto loan business across several states.
The Grapevine, Texas-based startup specializes in facilitating fast loan applications for car dealerships, promising a completely automated approval process and offering loans regardless of the customer s credit background. 
A dealer submits a customer application through the company s Dealer Electric Auto Loan System (DEALS), which provides deal structures for all the cars on the dealer s lot. It shows the dealer s projected profit, enabling them to find the most profitable vehicle that is affordable for the customer. ....

United States , Justin Tisler , Car Capital , Dealer Electric Auto Loan System , Automotive Ventures , ஒன்றுபட்டது மாநிலங்களில் , கார் மூலதனம் , வியாபாரி மின்சார ஆட்டோ கடன் அமைப்பு , தானியங்கி முயற்சிகள் ,