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 platform for buying and selling pre-owned vehicles that connects a large network of trusted buyers and sellers with advanced technology and financing options. It operates a car trading platform that combines dealership-level safety with the benefits of private-market transactions for pre-qualified cars. The platform controls listing prices, tracks page views, and supports features such as test drives and online purchases, including at-home arrangements, enabling buyers to complete transactions directly from their driveway. By integrating dealer networks with private-market channels, TRED aims to streamline the process of trading pre-owned cars with a transparent and convenient experience.

Upshift

Debt Financing in 2021
Upshift is a mobility company offering car subscriptions and autonomous vehicle-as-a-service for urban users, primarily in the San Francisco Bay Area. It provides an identical vehicle on demand, delivered and operated by a remote driver, enabling predictable access without traditional ownership. The service targets low-mileage urban drivers for personal and business use, with all-inclusive, usage-based plans starting around $299 per month for four days of use. The company aims to simplify travel by combining delivery, remote operation, maintenance, insurance, and data-sharing features from a single platform, and is headquartered in Oakland, California.

Axis Auto Finance

Post in 2019
Axis Auto Finance specializes in providing personalized, non-standard auto financing options to approximately 30% of Canadians who do not qualify for traditional bank financing. The company focuses on building strong relationships with its dealer partners and offers direct-to-consumer services through DriveAxis.ca, enabling users to select vehicles, customize financing terms, and arrange home delivery.

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 is a mobility company offering car subscriptions and autonomous vehicle-as-a-service for urban users, primarily in the San Francisco Bay Area. It provides an identical vehicle on demand, delivered and operated by a remote driver, enabling predictable access without traditional ownership. The service targets low-mileage urban drivers for personal and business use, with all-inclusive, usage-based plans starting around $299 per month for four days of use. The company aims to simplify travel by combining delivery, remote operation, maintenance, insurance, and data-sharing features from a single platform, and is headquartered in Oakland, California.
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