About United Auto Credit
United Auto Credit is a company based in Fort Worth (United States) founded in 1996 was acquired by Vroom in October 2021.. United Auto Credit offers products and services including Auto Financing and Payment Management App. United Auto Credit operates in a competitive market with competitors including Octane, Mercedes-Benz Financial Services, Credit Acceptance, Foursight Capital and GM Financial, among others.
- Headquarter Fort Worth, United States
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name United Auto Credit
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Products & Services of United Auto Credit
United Auto Credit offers a comprehensive portfolio of products and services, including Auto Financing and Payment Management App. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Offers loans and payment plans for vehicle purchases.
App for tracking accounts and making payments online.
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Funding Insights of United Auto Credit
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in United Auto Credit
United Auto Credit has secured backing from 1 investor. Prominent investors backing the company include Vroom. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Used cars are purchased and resold online through Vroom's platform.
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by United Auto Credit
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - United Auto Credit
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
United Auto Credit Comparisons
Competitors of United Auto Credit
United Auto Credit 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 Octane, Mercedes-Benz Financial Services, Credit Acceptance, Foursight Capital and GM Financial, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Instant financing solutions are offered for vehicle purchases by Octane.
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Auto financing services are offered by Mercedes-Benz's subsidiary.
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Auto finance is extended to consumers via nationwide dealer networks.
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Provider of automobile financing services
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Automotive financing and loans are provided to vehicle purchasers.
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Auto loans provider
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on United Auto Credit
Frequently Asked Questions about United Auto Credit
When was United Auto Credit founded?
United Auto Credit was founded in 1996.
Where is United Auto Credit located?
United Auto Credit is headquartered in Fort Worth, United States. It is registered at Fort Worth, Texas, United States.
Who is the current CEO of United Auto Credit?
Jim Vagim is the current CEO of United Auto Credit.
What does United Auto Credit do?
Founded in 1996 and headquartered in Fort Worth, United States, United Auto Credit operates in the non-prime auto financing sector. Financing options are extended to customers with suboptimal credit through partnerships with dealerships. Services include flexible payment plans, account management tools, and support programs for those experiencing financial challenges. Operations focus on accessibility for vehicle purchases across the U.S. market.
Who are the top competitors of United Auto Credit?
United Auto Credit's top competitors include Octane, Credit Acceptance and Mercedes-Benz Financial Services.
What products or services does United Auto Credit offer?
United Auto Credit offers Auto Financing and Payment Management App.
Who are United Auto Credit's investors?
United Auto Credit has 1 investor. Key investors include Vroom.
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