Finovate Demo Video Archives

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Presenter Profile:

How they describe themselves: Hive Technologies is a fintech solution helping financial institutions serve low and moderate income (LMI) consumers in auto. We developed our technology solution while operating a vehicle subscription fleet for gig economy workers underserved by traditional auto lenders in partnership with Uber. Now, Hive provides this technology to partners such as credit unions, banks, OEM captives, and insurance companies serving LMI consumers. Our mission is to democratize access to mobility, one mile at a time.

How they describe their product/innovation: Hive works with financial institutions and their members to structure fixed, auto-related payments into daily, mileage-based savings deposits. This helps low and moderate income consumers properly save and pay for their auto related expenses. Financial institutions leverage Hive’s fintech solution to bring delinquent customers back to current and to originate more auto finance deals. Financial institutions have the ability to track and manage the progress of their enrolled members via Hive’s partner portal.

Product distribution strategy: Through financial institutions

Credit Union/Community Bank Fit: Credit unions and community banks

Contacts:

Bus. Dev.: Aidan Seawalt (Director of Business Development), [email protected], 303-638-4089
Press: Boyd Bishop (CEO), [email protected], 310-955-6189