automotive

Gen Z Car Buyers Shop Digitally but Complete Purchases in Person
Gen Z Car Buyers Shop Digitally but Complete Purchases in Person
May 02, 2024  |  Retail

Consumers — especially younger generations — are conducting more and more purchases digitally, but especially for high-consideration, large-ticket items such as cars, many shoppers are...

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Odessa Launches Originations Platform, Plans Auto Finance Suite
Odessa Launches Originations Platform, Plans Auto Finance Suite
April 24, 2024  |  Loans

Equipment finance company Odessa has entered the auto industry. The company has launched an originations platform called Odessa Auto and plans to grow it into a full-service end-to-end auto...

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Financial Challenges Prompt Car Shoppers to Look to Secondhand Options
Financial Challenges Prompt Car Shoppers to Look to Secondhand Options
April 18, 2024  |  Transportation

Economic challenges or no, consumers still need to get where they are going, and many are now opting for secondhand sellers when buying vehicles, unable...

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ServiceUp Adds Expedited Payment Processing to Auto Repair Shop Platform
ServiceUp Adds Expedited Payment Processing to Auto Repair Shop Platform
April 10, 2024  |  Faster Payments

ServiceUp added an expedited payment processing feature to its auto repair shop management platform. The new InstaPay feature ensures that auto repair shops receive their money...

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Robomart CEO: Autonomous Technology Will Speed the Rise of ‘Mobile Retail’
Robomart CEO: Autonomous Technology Will Speed the Rise of ‘Mobile Retail’
April 09, 2024  |  Retail

As self-driving technology comes closer into view, Robomart sees mobile stores as a key retail channel going forward. The company, which provides hail-able mobile shops for retailers,...

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Basemark Raises $23 Million For Augmented Reality Automotive Software
Basemark Raises $23 Million For Augmented Reality Automotive Software
April 09, 2024  |  Investments

Augmented reality (AR) software firm Basemark has raised $23 million in a new funding round. Based in Helsinki, Finland, Basemark makes augmented reality (AR) tools that...

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Vroom Completes Wind-Down of eCommerce, Used Vehicle Dealership Businesses
Vroom Completes Wind-Down of eCommerce, Used Vehicle Dealership Businesses
April 05, 2024  |  eCommerce

Vroom completed the previously announced wind-down of its eCommerce and used vehicle dealership businesses. The company ended transactions through vroom.com, completed previously contracted transactions, sold “substantially all”...

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AutoSettle Launches Car-Buying Platform in Australia
AutoSettle Launches Car-Buying Platform in Australia
March 20, 2024  |  eCommerce

FinTech startup AutoSettle launched a platform to improve the vehicle-buying process in Australia. The platform is the world’s first virtual settlement exchange for cars and offers instant and...

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PayPal-Backed NX Technologies Raises $24 Million to Streamline Automotive Payments
PayPal-Backed NX Technologies Raises $24 Million to Streamline Automotive Payments
March 20, 2024  |  Investments

NX Technologies raised 22 million euros (about $24 million) in a Series B funding round led by PayPal Ventures. The company will use the capital to strengthen...

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