FOR IMMEDIATE RELEASE
CUneXus and Edmunds.com Partner to Transform Car Buying
“Click to accept” consumer lending platform accelerates auto buying and borrowing
Santa Rosa, California – January 7, 2016 – CUneXus Solutions, a leader in omni channel, application-free lending technology, announced a partnership with premier car shopping destination Edmunds.com, Inc. The two companies will collaborate to develop a new generation of car shopping and purchasing solutions, to be unveiled this spring.
“Edmunds.com is creating the most trusted car shopping experience, and CUneXus’ mission is to help financial institutions create an unparalleled borrowing experience,” said Dave Buerger, president and cofounder of CUneXus. “Together, we will deliver exciting new tools that delight both shoppers and lenders.”
CUneXus’ Comprehensive Prescreened Lending (CPL) technology allows banks and credit unions to offer “click to accept” consumer loans to customers where and when they need them–no application necessary. The company’s cplXpress lending automation platform delivers personalized offers to customers’ phones, computers and tablets, using a combination of the institution’s customer information and lending criteria, as well as customer credit history, behavior and location. A shopper entering an auto dealership, for example, might receive a message with a preapproved loan offer for $40,000 that can be accepted on the spot, increasing the buyer’s purchasing and negotiating power. When combined with Edmunds Price Promise dealer inventory, the resulting solution will elevate the car buying experience to an entirely new standard, empowering consumers with unmatched tools and transparency.
The two companies first connected at Edmunds’ 2015 Hackomotive, a three-day competition that brings together innovators and entrepreneurs in the car shopping industry. CUneXus was subsequently invited to participate in the second cohort of Edmunds’ three-month Fastlane startup accelerator in Santa Monica. Additional details of the partnership and product collaboration will be announced in April, 2016.
Founded in 2007, CUneXus is focused on data-driven consumer lending solutions that help financial institutions maximize the potential of valuable customer relationships. Their pioneering technologies are at the forefront of the transition to a new era of responsible on-demand lending and borrowing. The company’s revolutionary cplXpress product suite is currently being utilized by dozens of financial institutions, and has generated hundreds of millions of dollars in consumer loan volume. CUneXus has presented the cplXpress product line at Finovate, the Innotribe Startup Challenge, Bank Innovation, NetFinance Interactive and more. The startup was also named one of just ten startups to watch on KPMG’s global report of “The 50 Best Fintech Innovators of 2014,” and selected to participate in Silicon Valley’s renowned Plug & Play Fintech accelerator. Visit the CUneXus website for more information: http://cunexus.com/
About Edmunds.com, Inc.
Car shopping destination Edmunds.com serves nearly 20 million visitors each month. With Edmunds.com Price Promise®, shoppers can buy smarter with instant, upfront prices for cars and trucks currently for sale at 10,000 dealer franchises across the U.S. Shoppers can browse not only dealer inventory, but also vehicle reviews, shopping tips, photos, videos and feature stories on both Edmunds’ wired site and on its acclaimed mobile apps. Regarded as one of the best places to work in Southern California, Edmunds.com was also named one of “The World’s Top 10 Most Innovative Companies of 2015 in Automotive” by Fast Company. Edmunds welcomes all car-shopping questions on its free Live Help Line at 1-855-782-4711 and firstname.lastname@example.org, via text at ED411 and on Twitter and Facebook. The company is based in Santa Monica, Calif. and has a satellite office in downtown Detroit, Mich., but you can find Edmunds from anywhere on YouTube, Pinterest, LinkedIn, Instagram, Google+ and Flipboard.