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.

Ian Anderson

Group President, Westlake Financial

Sean Morgan

Senior Vice President, Finance

8 past transactions

Self Inspection

Seed Round in 2025
Self Inspection operates a vehicle inspection platform that uses AI and computer vision to automate and standardize vehicle condition assessments. The company's technology enables businesses, such as dealerships and insurance companies, to conduct guided vehicle inspections in minutes using any phone, evaluating damages and estimating repair costs. This streamlines processes like lease-end, trade-in, and insurance claim inspections, enhancing accuracy, reducing costs, and providing detailed reports across various platforms.

Car Capital Technologies

Debt Financing in 2024
Car Capital Technologies is an automotive fintech company based in Dallas, Texas, founded in 2020. It specializes in providing car dealers with both capital and advanced technology solutions to enhance regulatory compliance and improve servicing capabilities. The company's innovative process enables dealers to assist consumers in finding the right vehicle while streamlining the overall purchasing experience. Car Capital Technologies equips its dealer partners with the tools necessary to make instant auto loan decisions through automated approvals, allowing customers to secure financing regardless of their credit history. With a focus on leveraging technology and expertise, the company aims to simplify the car buying process for both dealers and consumers.

Covered Care

Debt Financing in 2022
Covered Care is a patient financing platform that assists healthcare providers in expanding their practices by offering financing solutions to patients who are often declined by traditional credit options. The company facilitates a streamlined application process that allows medical professionals to provide accessible financing, enabling them to better serve their patients while simultaneously enhancing their business growth. By addressing the needs of both healthcare providers and patients, Covered Care plays a crucial role in improving access to necessary healthcare services during challenging economic conditions.

Tred

Series B in 2021
Tred is a car trading platform that facilitates the buying and selling of pre-owned vehicles. It operates with a focus on connecting trusted buyers and sellers through an advanced technological framework. The platform merges the security of dealership transactions with the competitive pricing typically found in the private market. Tred allows users to control the listing price of their vehicles and provides tracking for page views, enhancing the selling experience. Additionally, it offers features that enable potential buyers to test drive and purchase cars directly from their own homes, streamlining the overall transaction process.

Upshift

Debt Financing in 2021
Upshift, Inc. is a car subscription service based in Oakland, California, that caters to both personal and business needs in the San Francisco area. Founded in 2012, the company offers an innovative alternative to traditional car ownership by providing a platform that allows users to access vehicles on a flexible basis. Upshift focuses on low-mileage urban drivers, offering all-inclusive, usage-based plans that include delivery, remote driving, concierge services, parking, insurance, and maintenance. The company's model aims to reduce carbon emissions and decrease the need for parking spaces by offering vehicles that are delivered to users and picked up after use, promoting a more sustainable approach to mobility.

Axis Auto Finance

Post in 2019
Axis Auto Finance is a fintech company focused on providing non-standard auto financing solutions to approximately 30% of Canadians who are unable to secure traditional bank loans. It offers a direct-to-consumer platform, DriveAxis.ca, which allows users to select used vehicles, customize financing terms, and arrange for home delivery. The company emphasizes personalized service and strives to cultivate strong, enduring relationships with its dealer partners. By leveraging innovative technology and superior service, Axis Auto Finance has established itself as one of the fastest-growing auto financing companies in Canada, particularly in the non-prime segment of the market.

Credit Union Leasing of America

Acquisition in 2017
Credit Union Leasing of America (CULA) is a specialized service provider focused on vehicle leasing for credit unions across the United States. The company leverages its extensive regulatory knowledge and familiarity with the credit union model to foster enduring relationships with leading credit unions. CULA offers a comprehensive suite of services, including risk management, analytics, operations, and compliance, which help credit unions enhance their portfolio yields while managing costs effectively. By delivering these tailored solutions, CULA enables credit unions to grow their membership and diversify their financial offerings.

Upshift

Debt Financing in 2016
Upshift, Inc. is a car subscription service based in Oakland, California, that caters to both personal and business needs in the San Francisco area. Founded in 2012, the company offers an innovative alternative to traditional car ownership by providing a platform that allows users to access vehicles on a flexible basis. Upshift focuses on low-mileage urban drivers, offering all-inclusive, usage-based plans that include delivery, remote driving, concierge services, parking, insurance, and maintenance. The company's model aims to reduce carbon emissions and decrease the need for parking spaces by offering vehicles that are delivered to users and picked up after use, promoting a more sustainable approach to mobility.
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