Lender Compliance Technologies raises USD4.15m in Series A funding round.

Auto Business News-June 24, 2021--Lender Compliance Technologies raises USD4.15m in Series A funding round

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Auto Business News - 24 June 2021

Lender Compliance Technologies, a company that deals with compliance solutions for automotive, RV, marine, and powersports lenders, has raised USD4.15m in a Series A funding round, with Automotive Ventures.

The round was headed by a team of software entrepreneurs and joined by Automotive Ventures and Driven Capital Partners for the ongoing development of technology solutions to support lenders in mitigating regulatory risks.

Steve Greenfield, Automotive Ventures founder and CEO, said, 'Banks, credit unions, and finance companies face increasingly stringent controls today. Consumer F&I product cancellations and credits are tedious and if handled improperly, expose lenders to...

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