Fintech Startup Automatically Raises Capital to Expand Used Car Market Operations | State
VERNON, Connecticut., September 24, 2021 / PRNewswire / – With record demand and prices for used cars, we are living a history in motion. Automatic, a disruptive fintech platform exploiting the budding $ 1.3 trillion used car market is part of the game. Automatic, which was founded in early 2020, connects independent used car dealers with lenders and finance and insurance providers. The timing of the technology’s build and their strategic positioning has helped them expand to nearly 1,000 dealers in their early stages of growth.
That’s because Automatic is modernizing the outdated and fragmented independent dealer finance ecosystem. Their platform saves independent auto dealers time and effort by helping them facilitate rapid multi-lender deals with fast, streamlined loan approvals.
Automatic’s Fintech solution to an old problem couldn’t be better. As used car sales continue to rise and consumers scramble to buy almost any car they can, dealerships need more options. Used car dealers are used to a frustrating and rambling ecosystem with an incredible amount of issues. Automatic takes away that pain and used car dealers are realizing it; Automatic has built a dealer network of nearly 1,000 people with more and more registrations every week.
Between the company’s single platform and the market-wide demand triggered by CV19 and chip shortages, Automatic is experiencing tremendous application and user growth with no end in sight. Capitalizing on current and emerging market trends, crowdfunding is sought after to improve the product, make key recruitments and optimize their lending process in order to position Automatic as the premier provider of used car lending solutions.
Unlike most crowdfunding campaigns launched by pre-revenue startups, Automatic is up and running and stepping up to strengthen its growth trajectory.
Investors are encouraged to inspect this investment opportunity and explore the upside potential.
The Automatic Equity Crowdfunding Campaign – https://bit.ly/3znCPV6
The Automatic Company website – https://www.automaticusa.com/
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SOURCE Auto Loan, LLC