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 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 operates a car trade platform focused on facilitating the buying and selling of pre-owned vehicles. By merging the reliability of dealership transactions with the advantages of private market sales, TRED offers a safe and efficient experience for both buyers and sellers. The platform enables users to control listing prices and monitor interest through page views. Additionally, it provides advanced technology and financing options, allowing buyers to test drive and purchase cars conveniently from their own driveways. With a large network of trusted participants, TRED aims to simplify the car trading process while ensuring transparency and security.

Upshift

Debt Financing in 2021
Upshift, Inc. offers innovative car subscription services tailored for both personal and business use, primarily in the San Francisco area. Founded in 2012 and headquartered in Oakland, California, the company aims to redefine car ownership by providing a flexible, all-inclusive alternative for low-mileage urban drivers. Its platform features a seamless car-sharing experience, delivering vehicles directly to users and retrieving them after use. Upshift's service includes essential amenities such as concierge assistance, parking, insurance, and maintenance, effectively reducing the need for traditional car ownership. By promoting usage-based plans and facilitating access to vehicles, Upshift seeks to minimize carbon emissions and alleviate the demand for parking spaces, contributing to a more sustainable urban environment.

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) 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 innovative car subscription services tailored for both personal and business use, primarily in the San Francisco area. Founded in 2012 and headquartered in Oakland, California, the company aims to redefine car ownership by providing a flexible, all-inclusive alternative for low-mileage urban drivers. Its platform features a seamless car-sharing experience, delivering vehicles directly to users and retrieving them after use. Upshift's service includes essential amenities such as concierge assistance, parking, insurance, and maintenance, effectively reducing the need for traditional car ownership. By promoting usage-based plans and facilitating access to vehicles, Upshift seeks to minimize carbon emissions and alleviate the demand for parking spaces, contributing to a more sustainable urban environment.
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