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AutoGravity Partners with Global Lending Services

Citing the strong “alignment between car shopper and car dealer motivation,” Global Lending Services has forged a partnership with auto financing innovator and Best of Show winner, AutoGravity. The partnership will enable the auto finance company, based out of South Carolina, to make financing offers through AutoGravity’s platform.

Bill Nemecek, Global Lending Services SVP of Marketing and Sales, said the partnership with AutoGravity would help the firm reach prospective car buyers who increasingly “look to technology to provide easier and convenient car purchasing options.” He added that the solution would also help car dealers, who want to both streamline the auto buying process as well as get cars into the hands of customers faster. “Our partnership with AutoGravity positions us to reach these shoppers, help them with financing, and guide them to dealerships who can deliver on this value proposition through state-of-the-art technology,” Nemecek said.

AutoGravity CTO Martin Prescher during his FinDEVr Silicon Valley 2016 presentation “A Digital Marketplace for the Auto Financing Space.”

AutoGravity leverages smartphone technology to make buying and financing a car faster, easier and more transparent. The company partners with leading banks and financial services companies to give auto shoppers control over their financing options and access to a nationwide network of trusted car dealerships. “Every month, over 100,000 new users download the AutoGravity app so they can buy and finance their next car with smartphone simplicity,” AutoGravity CEO and founder Andy Hinrichs said. “Our partnership with Global Lending Services helps ensure that car buyers across the nation have access to multiple finance offers in minutes, anytime and anywhere they want.”

Headquartered in Irvine, California and founded in 2015, AutoGravity demonstrated its platform at FinovateFall 2016, winning Best of Show. The company has enjoyed a busy and productive 2017, beginning the year with a “multi-million Euro” investment from Daimler Financial Services, and picking up further investment capital from VW Credit in July. AutoGravity teamed up with Fletcher Jones Auto Group in June and  forged a partnership with Hyundai Capital America in September, the same month the company announced surpassing $1 billion in financing requested via its platform. A member of CBInsights Fintech 250, AutoGravity presented A Digital Marketplace for the Auto Financing Space at our developer’s conference, FinDEVr Silicon Valley 2016.