News and Announcements
LatAm Autos Launch MotorCredit Finance Product
- Published October 26, 2016 2:53PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
26th October 2016, ASX Announcement
Highlights:
- Successful launch of pioneering auto finance product MotorCredit, in partnership with Ecuador’s largest financial institution Banco Pichincha
- An estimated A$150m1 of cars are sold through our websites each month, highlighting the significant potential of auto finance as a revenue stream
- New product offering will provide a complementary revenue stream, revolutionise used car financing in Latin America and accelerate the path to profitability
LatAm Autos Limited (ASX: LAA) (“LatAm Autos” or the “Company”) is pleased to announce the launch of MotorCredit, a new auto finance product. The product leverages off the dominant market position of the Company’s Ecuadorean business patiotuerca.com and has been developed in conjunction with the largest financial institution in Ecuador, Banco Pichincha.
To view the full announcement, please click on the button below.
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