Finova本轮主要融资者包括MHS Capital、Refactor Capital、Metamorphic Venture、500 StartUps，而Sam Hodges、NerdWallet联合创始人Jake Gibson等金融科技创业者及一家阿联酋私营公司也参与了本轮投资。这次的资金注入将极大地推动全面市场化数字化汽车贷款市场的发展。
目前，超过28%的美国人面临银行问题，需要简便安全的方法申请贷款。据BusinessWire报道，7000万消费者每年花在替代性金融产品上的费用及利息共计高达 1380 亿美元。
汽车抵押贷款通常要求贷款者在 30 天偿还，并收取高额贷款利息。Finova Financial表示其将废除这一模式，采用更为透明的支付还款条款。
Florida-based Fintech company Finova Financial secures record-breaking $52.5 million in funding for auto title lending platform.
Being the first cloud and mobile-based auto title lending service for consumers, Finova secured one of the largest funding rounds in the history of the Fintech industry.
Sources of funding include MHS Capital, Refactor Capital, Metamorphic Venture, and 500 StartUps as well as fintech entrepreneurs including Sam Hodges, Co-founder of NerdWallet, Jake Gibson, and a private company in the United Arab Emirates.
Led by several Silicon Valley-based capital firms as well as international venture capital firms, the funding will go towards growing the industry's first-to-market all-digital lending platform for auto title loans.
Easier and secure way of getting loans
Presently, over 28% of Americans are having banking problems and need easier and secure ways of getting loans. According to BusinessWire, 70 million consumers pay $138 billion in fees annually for alternative financial products.
Finova has said that with their focus on social-impact, they will be providing up to 70% lower costs to consumers on Car Equity Line of Credit (C-LOC).
Since auto title loans require payment within a month and charge heavy interest rates, Finova financial also says they will eliminate this model to give transparent loan repayment terms.
What is Finova Financial?
Founded by a group of Fintech experts back in 2015, Finova's goal is to disrupt the Fintech industry.
By providing an online lending platform that offers fast, affordable loans based on the equity in your car. It aims to deliver an online option to 70 million underserved Americans as well as 24/7 access to capital.
"As a company committed to social impact, we see Finova Financial as being an advocate for consumer financial well-being through improved access to credit, better repayment terms and lower costs."