Innovative automotive fintech company moves to new 12,000 sq. ft. offices in Irvine’s Discovery Business Center; employee base set to double in 2018 as number of funded loans triples year over year
IRVINE, CALIF. - FEBRUARY 22, 2018 - SpringboardAuto, an auto fintech company revolutionizing the car financing and buying experience, has moved its corporate headquarters to Irvine’s Discovery Business Center to accommodate its rapid growth. The move comes as the Company’s innovative and empowering auto finance model - which affords consumers a transparent, self-directed, online experience, while providing auto dealerships and private vehicle sellers with a more satisfied buyer - continues to gain traction. The Company has increased its footprint to 29 states, doubled its employee base year over year, and tripled loan volume in January 2018 versus January 2017.
“In 2018, not only will our consumer direct auto lending business continue to expand, but we are also rolling out our digital Lending-as-a-Service solution to a number of credit unions,” said Jim Landy, CEO and Founder of SpringboardAuto. “We’re seeing broad interest in partnering from financial institutions looking to provide their customers a modern auto buying and financing experience. We are pleased to continue to call Irvine, the tech hub of Orange County, our home. Irvine offers a great talent pool and Discovery Business Center’s sleek, modern offices provide an excellent environment in which we can expand our engineering team and continue to innovate and grow our business.”
SpringboardAuto was developed to enable a better car buying and financing experience online with transparency and predictability while reducing the biggest customer pain point, which is time. The proprietary technology offers real-time financing tools including a loan configurator that lets consumers personalize approved loan terms; a secure portal to easily upload documents; instant approvals, and white-glove management of the title process. The seamless process gives all parties confidence in the transaction. The company is expanding this model as a turnkey plug-in solution for auto finance providers in 2018.
The new 12,000 square foot tech-focused offices in the Discovery Business Center offer the latest in work spaces designed to encourage efficiency and collaboration.
SpringboardAuto (http://www.springboardauto.com) is an automotive digital retail company and technology solutions provider created by industry veterans and backed by CUNA Mutual Group. SpringboardAuto’s proprietary technology was architected by experts who saw gaps in the digital auto-buying experience. The company’s mobile-friendly, auto finance solution simplifies a secure online transaction for customers, dealerships and private sellers. Additionally, the company offers a complete suite of end-to-end technology, marketing and fulfillment services to credit unions, banks and other partners as an extension of their member and customer experience. As a complete digital ecosystem, SpringboardAuto is empowering the industry and revolutionizing the auto fintech landscape.
Melanie Webber, mWEBB Communications, (949) 307-1723, melanie(at)mwebbcom.com
Angela Jacobson, mWEBB Communications, (714) 454-8776, angela(at)mwebbcom.com