Finio.com Revolutionizes F&I for Marine, Powersports, RV, and Truck

Rhea-AI Summary

Finio, Inc. is a new FinTech venture that aims to reimagine the digital sales and finance experience in the leisure marine, powersports, motorcycle, RV, truck, and other industries. The platform offers a modern credit discovery experience, enabling customers to receive firm offers of credit quickly and seamlessly. It allows dealerships to customize lending partners, markup requirements, and business rules. Finio also digitizes transactions from start to finish, saving costs and adding security. The founders of Finio were previously involved in successful ventures like AutoGravity and Digital Motors.

Serial entrepreneurs announce new FinTech venture

IRVINE, Calif.--(BUSINESS WIRE)-- Finio, Inc. reimagines the digital sales and finance experience in the leisure marine, powersports, motorcycle, RV, truck, and other industries.

Powersports financing at your fingertips with Finio.com (Photo: Business Wire)

Mindful of the fact that most purchases involve financing or leasing, Finio enables a modern credit discovery experience for these industries through its compliant and secure platform. With one or more firm offers of credit in hand, customers turn from leads into qualified buyers in minutes.

“As credit discovery continues to move up in the purchase funnel, Finio enables a seamless online finance approval wherever customers shop,” states Andy Hinrichs, CEO of Finio. “Finio is the natural extension of the dealership’s F&I office into the digital realm.”

The platform allows dealerships to customize their roster of lending partners, markup requirements, and business rules. In addition to credit aggregation, the platform digitizes transactions from start to finish through desking solutions, F&I menus, and paperless e‑contracting.

“Finio saves costs and adds security,” adds Nick Stellman, Finio’s co-founder and COO. “In industries where disparate systems and manual data entry are still the norm, Finio’s digital finance hub catapults the F&I process to a whole new level.”

Prior to Finio, Hinrichs and Stellman were the founders of AutoGravity and Digital Motors, the latter of which was acquired in 2022 by TrueCar, Inc. (NASDAQ: TRUE).

About Finio

Finio, Inc. is a modern credit aggregation platform for the powersports, motorcycle, marine, recreation, commercial vehicle, and other industries. The company’s compliant and secure finance hub facilitates a seamless digital lending process between dealerships, manufacturers, lenders, and customers.

Based in Irvine, Calif., the company is backed by an award-winning team of financial technology (FinTech) innovators.

finio.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20230720204347/en/

Media Inquiries

media@finio.com

Source: Finio, Inc.

FAQ

What is Finio, Inc.?

Finio, Inc. is a new FinTech venture that aims to reimagine the digital sales and finance experience in various industries.

What does Finio offer?

Finio offers a modern credit discovery experience, allowing customers to quickly receive firm offers of credit. It also provides customization options for dealerships and digitizes transactions for added convenience and security.

Who are the founders of Finio?

The founders of Finio are Andy Hinrichs and Nick Stellman. They were previously involved in successful ventures like AutoGravity and Digital Motors.

What industries does Finio cater to?

Finio caters to industries such as leisure marine, powersports, motorcycle, RV, truck, and others.

What are the benefits of using Finio?

Using Finio allows customers to seamlessly receive firm offers of credit, while dealerships can customize lending partners and streamline the finance process. The platform also digitizes transactions for cost savings and enhanced security.