PowerBand Solutions

Burlington, Canada Founded: 2009 • Age: 17 yrs
Cloud-driven auction and finance management for auto dealers is provided.
Annual revenue $1.5M Latest available
Total funding - 8 rounds
Employees - Tracked headcount
Investors 1 Known backers
Products - Services tracked
Competitors 11 Brand Intelligence

About PowerBand Solutions

PowerBand Solutions is a company based in Burlington (Canada) founded in 2009. PowerBand Solutions has completed 2 acquisitions, including Lead Source Canada and MUSA Auto Finance. PowerBand Solutions operates in a competitive market with competitors including Upstart, Reynolds and Reynolds, Tekion, CDK Global and Dealertrack, among others.

  • Headquarter Burlington, Canada
  • Stage Public
  • Sectors
    Transportation, Automotive & Logistics
  • Email
    Locked
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
  • Legal Name Ameritrust Financial Technologies Inc.
Operational Areas
Transportation, Automotive & Logistics → Automotive Technology & Mobility Solutions Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $1.5 M (USD)
    -24.64
    as on Dec 31, 2024
  • Net Profit
    $4.29 M (USD)
    0
    as on Dec 31, 2024
  • EBITDA
    $4.16 M (USD)
    0
    as on Dec 31, 2024
  • Latest Funding Round
    $14.36 M (USD), Post-IPO

    May 10, 2022

  • Investors
  • Employee Count
    Not available
  • Investments & Acquisitions
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IPO & Listings of PowerBand Solutions

PowerBand Solutions is a publicly listed company on the TSXV with ticker symbol AMT in Canada, operating in the Retail trade sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

Exchange: TSXV · Ticker: AMT · Sector: Retail trade · Canada

People of PowerBand Solutions

Headcount 10-50
Employee Profiles 5
Employee Profiles
People
Jeff A. Morgan
Chief Executive Officer
People
Darrin Swenson
Director
People
Sean Severin
CTO

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Teams

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Funding Insights of PowerBand Solutions

Investors in PowerBand Solutions

PowerBand Solutions has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Diversified Insurance Facilities.

All
Institutional
Investor Description Founded Year Domain Location
Provides F&I products and solutions for automobile dealers worldwide.
Locked Locked Locked
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Investor details for PowerBand Solutions

Investor domains, locations, round participation, and complete history require an active premium plan.

  • Investor domains
  • Investor locations
  • Funding rounds
  • Participation history

Verified entity values are shown only after access is granted.

Investments & Acquisitions by PowerBand Solutions

PowerBand Solutions has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Lead Source Canada and MUSA Auto Finance.

Investments
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Investment portfolio details for PowerBand Solutions

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  • Portfolio identities
  • Transaction dates
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Acquisitions
Company Name Description Domain Location Founded Year Amount
Provider of vehicle leasing and dealership services
Locked Locked 2016 Locked
Delivers comprehensive vehicle valuation services for buyers and sellers.
Locked Locked 2014 Locked
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Complete acquisition details for PowerBand Solutions

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  • Transaction dates
  • Acquired stakes
  • Disclosed values
  • Domains and locations

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Financial Statements - PowerBand Solutions

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Detailed financials for PowerBand Solutions

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  • Profit trends
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  • Financial ratios

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Powerband Solutions Comparisons

PowerBand Solutions Primary company
Description
Cloud-driven auction and finance management for auto dealers...
Location
Burlington, Canada
Founded Year
2009
Annual Revenue
$1.5 M (USD)
Net Profit
$4.29 M (USD)
EBITDA
$4.16 M (USD)
Employees
Not available
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Peer comparison for PowerBand Solutions

Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.

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Competitors of PowerBand Solutions

PowerBand Solutions operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Upstart, Reynolds and Reynolds, Tekion, CDK Global and Dealertrack, among others.

Company Name Domain Founded year HQ Location Description
Locked Locked Locked
Diversified loans are provided via an AI-enabled online marketplace.
Locked Locked Locked
Software and services for automotive dealership retailing are provided.
Locked Locked Locked
AI and cloud-driven systems for auto dealership management are provided.
Locked Locked Locked
Cloud-driven management systems for auto dealerships are provided.
Locked Locked Locked
Dealership management solutions are provided for automotive dealers.
Locked Locked Locked
Developer of an online P2P marketplace for used cars
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Detailed competitors of PowerBand Solutions

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Latest news on Powerband Solutions

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Complete news archive for PowerBand Solutions

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Frequently Asked Questions about PowerBand Solutions

PowerBand Solutions was founded in 2009 and raised its 1st funding round 10 years after it was founded.

PowerBand Solutions is headquartered in Burlington, Canada. It is registered at Burlington, Ontario, Canada.

Annual revenue of PowerBand Solutions is $1.5M as on Dec 31, 2024.

PowerBand Solutions was founded in 2009 in Burlington, Canada, within the automotive software sector. A cloud-based platform is delivered to auto dealers for handling vehicle auctions, sales, and financing. Operations are supported through tools for inventory management, appraisals, customer engagement, and market intelligence. The suite enables efficient buying and selling processes across dealer networks.

PowerBand Solutions's top competitors include Upstart, Reynolds and Reynolds and Seez.

Yes, PowerBand Solutions is publicly traded on TSXV under the ticker symbol AMT.

PowerBand Solutions has made 2 acquisitions, including Lead Source Canada, and MUSA Auto Finance.

PowerBand Solutions has 1 investor. Key investors include Diversified Insurance Facilities.

The ticker symbol of PowerBand Solutions is AMT on TSXV.

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