A PowerBand Solutions’ (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA) partner, MUSA Auto Finance, has partnered with two large financial institutions and is adding dealers to its platform at a record pace as it expands its new- and used-car leasing platform. MUSA, an automotive finance and technology lender specializing in effortless leasing, is working with its new partners to achieve securitization. MUSA focuses on automating the time-consuming, manual processes typically involved with leasing and buying vehicles. For example, MUSA’s technology platforms process applications, calculate leases, make auto-decisions regarding applications, provide approvals for dealer partners, and prefill lease contracts — all within seconds. Recently PowerBand and MUSA, PWWBF’s leasing division, worked together to secure additional financial facilities that allowed its virtual platform to provide an estimated 4.5 million vehicles for sale or lease. “We are excited to continue MUSA’s growth through this exclusive, and we believe, first-of-its-kind funding arrangement,” said MUSA CEO Jeff Morgan in the press release. “We remain committed to increasing the use of what we call intelligent automation here at MUSA. In fact, our proprietary leasing and lending platform is very popular with our dealer partners nationwide. . . . MUSA’s technology and platform have been enhanced to serve higher demand and market expansion, such as retail auto loans; direct-to-consumer for our lease returns; and a fully remote leasing and loan experience that can be executed beginning to end, from anywhere. Our team includes some of the best the industry has to offer, and I intend to make more exciting announcements in the weeks and months to come.”
To view the full press release, visit https://nnw.fm/kr4D3
About PowerBand Solutions Inc.
PowerBand Solutions, listed on the TSX Venture Exchange and the OTCQB markets, is a fintech provider disrupting the automotive industry. PowerBand’s integrated, cloud-based transaction platform facilitates transactions among consumers, dealers, funders and manufacturers (“OEMs”). The platform enables users to buy, sell, trade, finance, and lease new and used, electric- and non-electric vehicles, on smart phones or any other online digital devices, from any location. PowerBand’s transaction platform — being trademarked under DRIVRZ — will be available across North American and global markets. For more information, please visit www.PowerBandSolutions.com.
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