Today, Blinker, an automotive e-commerce technology and services company, and Flagship Credit Acceptance, a leading auto-finance provider managed by funds controlled by Perella Weinberg Partners Capital Management LP (PWPCM) and sub-advised by an affiliate of Innovatus Capital Partners, LLC (ICP), are pleased to announce they have completed a Series C capital raise with Flagship as the sole investor.
“We are excited for Flagship Credit Acceptance to launch a direct-to-consumer experience that leverages machine learning, vision technology and self-service loan origination powered by Blinker’s technology,” said Rod Buscher, Founder and CEO of Blinker.
“As we continue to build out our partnership portfolio within the automotive sector, this is a unique opportunity to deploy Blinker’s proprietary loan origination solutions with a trusted partner,” adds Danny Martinez, President of Blinker.
“This partnership supports our mission to improve the lending experience. The investment in Blinker will allow Flagship to provide accessible lending across our expanding product set while adding significant operational efficiencies,” stated Bob Hurzeler, Chief Executive Officer of Flagship Credit Acceptance.
Flagship’s Direct Lending platform will provide multiple options to manage and improve finances directly to consumers, diversifying Flagship’s offerings through AI and digital lending. Flagship will leverage Blinker’s vertically integrated platform to facilitate the entire digital loan process.
Blinker is powering the future of automotive e-commerce by providing end-to-end digital transactional transactions that enable lenders, credit unions and fleet management companies to deliver solutions that streamline the loan origination, aftermarket sales and fleet management disposal process.