NowLake, a New Fintech Company Formed of Westlake and Nowcom, Announces Strategic Partnership with National Digital Dealer Carsfast
LOS ANGELES–(COMMERCIAL THREAD) – NowLake Technology, LLC announces strategic partnership with Carsfast to enable consumers to purchase and finance vehicles through SMS chatbots. Car buyers will now be able to prequalify with Westlake Financial and search for cars that match their payment criteria and loan funded through Carsfast’s SMS technology.
“The technology Carsfast provides to car buyers is cutting edge and aligns perfectly with our mission as a fintech organization,” said Ian Anderson, president of Westlake Technology Holdings. “This partnership allows us to reach a wider audience more effectively through SMS technology, which is truly one of a kind for car buyers.”
Carsfast developed its technology and built a customer base in the Australian market before expanding to the United States in 2020. Carsfast enables car buyers to complete the entire car buying process via robots from SMS chat. Consumers don’t need to download an app or visit a website, but car buyers can review available vehicles and pre-qualify for a car loan through SMS conversations. Users can demonstrate the Carsfast platform at: https://weare.carsfast.com/demojourney.
“Car buyers around the world want similar things. The convenience, choice, and an affordable and hassle-free buying and financing process when looking for a vehicle, ”said Shaun Sumaru, CEO and Founder of Carsfast. “Our technology, driven by chatbots that provides convenience and ease of use for consumers and cost effectiveness for our partners, is proven and has received a very positive response from car buyers in the United States.”
According to Mark Vazquez, senior vice president of sales and marketing for Westlake Financial, “Carsfast’s new technology offers consumers an exciting new way to shop, finance and buy their next car. We anticipate that this new technology will help boost car sales at auto dealerships by streamlining the buying process. ”
Kyle Dietrich, Senior Vice President of Origins for Westlake adds, “Consumers around the world demand innovation, whether it’s a product or a service. Carsfast’s technology improves vehicle finding and speeds up the car buying process – it’s a win for consumers!
Carsfast is a next generation digital car dealership. It exists to give buyers cars and credit straight from their phones without friction. Our proprietary technology combines customer preferences and credit with our wide range of lenders and extensive inventory. The result is a selection of cars that perfectly match the exact profile of the buyer. www.carsfast.com
About NowLake Technology
NowLake Technology is the fintech parent company of Nowcom Corporation and Westlake Technology Holdings. Nowcom Corporation develops technology solutions for the automotive and financial services industries, including Westlake Technology Holdings. Westlake Technology Holdings provides indirect financing solutions to thousands of auto dealerships across the United States, as well as auto loan refinances, secured loans and personal loans directly to consumers through LoanCenter.com, Westlake also manages the service third for medium and large companies. evolve the auto, personal and secured loan portfolios of finance companies, credit unions and investment firms.