Automatic USA

Automatic is a fintech platform that operates an open marketplace for used auto financing and backend products. Founded in 2020, the company provides a one-stop-shop ecosystem that connects independent dealerships, lenders, and vendors to streamline transactions and access finance and insurance products. The platform serves small and large independ... ent dealerships by offering a network of lenders with non-recourse, full-spectrum lending options and terms ranging from 24 to 84 months. Automatic delivers value through a digital syndication process involving automated underwriting, immediate decisioning via data algorithms, and same-day funding for dealer liquidity. Its infrastructure supports integrations with DMS, GAP and warranty providers, auto insurance, and vehicle history reports.Read More