Westlake Services

Westlake Services, established in 1988, specializes in automotive financing, focusing on both prime and sub-prime markets. The company provides essential services to car dealerships, enabling them to facilitate car sales efficiently. Westlake's innovative credit approval software, known as "The Buy Program," allows dealers to secure on-the-spot loan approvals without delays from callbacks or other traditional processes. In addition to auto financing, Westlake also engages in the acquisition and servicing of retail installment contracts, offering equity loans and refinancing options to enhance the financing capabilities of dealerships. Through these services, Westlake aims to streamline the financing process and support the automotive retail sector.

Sean Morgan

Senior Vice President, Finance

6 past transactions

Covered Care

Debt Financing in 2022
Covered Care operates a patient financing platform aimed at supporting healthcare providers in expanding their services. The platform is designed specifically for patients who are often declined by traditional financing solutions, allowing providers to offer these patients access to necessary healthcare. Through a straightforward application process and competitive rates, Covered Care enables medical professionals to cater to a broader patient base while fostering growth in their practices. This approach helps providers navigate challenging economic conditions by enhancing their ability to serve patients in need of financial assistance.

Tred

Series B in 2021
TRED connects trusted car buyers and sellers thru advanced technology and financing options. It is the most trusted way to buy or sell a pre-owned car—with the largest network of trusted buyers and sellers, and the most advanced technology and financing options. They connect the buyers and sellers for a private party person-to-person transaction, but also cover them with all the same protection and security as a dealer. They handle the paperwork and make sure dealers get paid. They provide peace of mind with their free 30-day TRED Vehicle Protection policy: complete warranty coverage and roadside assistance that can be extended up to seven years.

Upshift

Debt Financing in 2021
Upshift, Inc. offers car subscription services in the San Francisco area, catering to both personal and business needs. Founded in 2012 and based in Oakland, California, the company provides a convenient alternative to traditional car ownership. Its platform allows users to subscribe to monthly plans or pay per trip, delivering clean vehicles, such as a Prius, directly to customers. Upshift's services include concierge options, vehicle pickup, parking, insurance, and maintenance, ensuring a hassle-free experience. The company's model aims to reduce carbon emissions and the need for parking spaces by minimizing the number of cars on the road, making it easier for individuals and businesses to access transportation without the responsibilities of ownership.

Axis Auto Finance

Post in 2019
AXIS AUTO FINANCE provides non-standard auto financing options to roughly 30% of Canadians that do not qualify for traditional bank financing. Through personalized service and our commitment to building strong, long-lasting relationships with our dealer partners, we have become one of Canada's fastest-growing auto-financing companies.
Credit Union Leasing of America (CULA) specializes in providing vehicle leasing services tailored for credit unions across the United States. The company focuses on risk management, analytics, operations, and compliance, offering comprehensive support that helps credit unions enhance their yield while diversifying their portfolios effectively. With a strong understanding of the credit union model and regulatory landscape, CULA fosters long-term relationships with top-tier credit unions, enabling them to grow their membership and optimize their financial performance. Through its expertise in leasing and remarketing management, CULA supports credit unions in achieving their business goals at lower costs.

Upshift

Debt Financing in 2016
Upshift, Inc. offers car subscription services in the San Francisco area, catering to both personal and business needs. Founded in 2012 and based in Oakland, California, the company provides a convenient alternative to traditional car ownership. Its platform allows users to subscribe to monthly plans or pay per trip, delivering clean vehicles, such as a Prius, directly to customers. Upshift's services include concierge options, vehicle pickup, parking, insurance, and maintenance, ensuring a hassle-free experience. The company's model aims to reduce carbon emissions and the need for parking spaces by minimizing the number of cars on the road, making it easier for individuals and businesses to access transportation without the responsibilities of ownership.
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