PowerBand Solutions Inc. (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA) Gets Ready for Vehicle Lease Originations with Latest $2.7M Investment from D&P Holdings

June 29, 2020 11:49:45
  • PowerBand has completed its two-year mission to offer a cloud-based platform transforming the way consumers buy, sell, lease, and finance vehicles
  • D&P Holdings has invested a $6 million in PowerBand’s platform to date
  • The latest investment will also help launch the Driveway app to offer consumers access to a wider vehicle auction audience
  • PowerBand Solutions’ cloud-based platform offers users transparency and complete control over the purchasing process by streamlining the interactions among all participants and eliminating unnecessary middlemen

The wholly-owned subsidiary of PowerBand Solutions Inc.’s (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA), PowerBand Solutions US Inc., has accepted an additional $2.7-million investment from Texas-based D&P Holdings as it prepares for the first vehicle lease originations in the United States, according to a company press release (http://nnw.fm/Hz3UI). PowerBand has thus completed its more than two-year mission to make available a cloud-based platform that is transforming the ways in which consumers carry out vehicle transactions.

The latest investment from D&P will assist PowerBand’s U.S. leasing platform, MUSA Auto Finance LLC, to start offering leases in June 2020. This will allow platform users to access extensive funding opportunities from national financial institutions. Upon completion of these financial arrangements, consumers and…

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