PowerBand Solutions (TSX.V: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA), a fintech provider disrupting the automotive industry, and its U.S. leasing division, MUSA Auto Finance LLC, have secured a second agreement with a California-based credit union for U.S. consumers and automotive dealers using the PowerBand virtual transaction platform. According to the update, the financing agreement is similar to and augments the US$300 million in financing MUSA already secured on July 13th, 2020, with another U.S. national depository institution. The financing facilities are part of PowerBand’s ongoing strategy to acquire multibillion consumer and dealer financing lines to support lease originations from its virtual transaction platform – DRIVRZ. “We will have 4.5 million vehicles on our virtual platform, making it one of the largest and most diverse inventories in the automotive industry,” PowerBand CEO Kelly Jennings said in the news release. “If you are a driver or auto dealer, you will be able to search and finance the car or truck of your choice as easily as buying something on Amazon.”
To view the full press release, visit https://ibn.fm/RMRwa
About PowerBand Solutions Inc.
PowerBand Solutions, listed on the TSX Venture Exchange and the OTCQB markets, is a fintech provider disrupting the automotive industry. PowerBand’s integrated, cloud-based platform facilitates transactions amongst consumers, dealers, funders and manufacturers (“OEMs”). It enables them to buy, sell, trade, finance, and lease new and used, electric- and non-electric vehicles, on smart phones or any other online digital devices, from any location. PowerBand’s transaction platform – being trademarked under DRIVRZ – will be available across North American and global markets. For more information, visit www.PowerBandSolutions.com.
NOTE TO INVESTORS: The latest news and updates relating to PWWBF are available in the company’s newsroom at http://ibn.fm/PWWBF
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