This Vancouver company is looking to revolutionize the loan agreement process for autos and become a leader in automotive retail.
PowerBand Solutions (TSX-Venture:HAPB) is a comprehensive e-commerce solution that is looking to transform the online experience to sell, trade, lease, and finance vehicles. The firm just announced its intent to accept loan originations on its Drivrz Financial platform, the Intellacar platform as well as the DrivrzXchange, a revolutionary C2C retail platform.
This new platform will focus on retail customer needs, the dealer customer as well as the lending partner, through the DRIVRZtm platform. The solution aims to replace unnecessary middlemen and ultimately make buying a vehicle as simple as purchasing an item on internet.
The process looks to combine the life cycle of automotive ownership under one platform to better serve client needs.
Shares were up over 18% in early-afternoon trading.
