Tricolor Holdings Market Research Report
Company Overview
- Name: Tricolor Holdings
- Mission: Empowering the Hispanic consumer to achieve the American dream by providing access to affordable credit and financial services.
- Founded By: No information is available.
- Key People:
- Daniel Chu - Founder, CEO, and Chairman
- Mauricio Delgado - Chief Strategy Officer
- David Goodgame - Chief Operating Officer
- Jerry Kollar - Chief Financial Officer
- James Li - Chief Risk Officer
- Vanessa Mata - Chief Process Officer
- Eduardo Perez - Chief Customer Officer
- Headquarters: No information is available.
- Number of Employees: No information is available.
- Revenue: No information is available.
- Known For: Tricolor is recognized as a Community Development Financial Institution (CDFI) providing credit-building auto loans to the underserved Hispanic population in the U.S.
Products
- Product Offerings:
- Tricolor offers a range of financial services focused mainly on providing access to affordable financing for certified vehicles.
- High-Level Product Description:
- The company provides access to affordable credit through a tech-driven approach, facilitating responsible lending platforms for the Hispanic population.
- Key Features:
- AI-powered risk model to “score the unscoreable.”
- A responsible lending platform validated by CDFI certification.
- 18-month or 18,000 miles Limited Warranty on vehicles, which can extend up to 36 months or 36,000 miles.
- Additional financial services expanding beyond auto financing.
Recent Developments
- New Products Launched:
- Tricolor launched a new Software as a Service (SaaS) business.
- New Features Added:
- Incorporation of AI to enhance the risk scoring platform.
- Partnerships and Expansions:
- Secured $90 million from funds managed by BlackRock to expand their AI-powered responsible lending platform.
- Issued the first ever Social Bond in U.S. consumer auto lending.
- Completed $234 million Asset-Backed Securitization, oversubscribed by 3.5 times.
- Other Developments:
- Awarded LendIt Fintech Industry Awards for Excellence in Financial Inclusion.
- Named a finalist for Excellence in Financial Inclusion at LendIt Fintech Awards.
- Recognized for the "Best Entrepreneurial Companies in America" by Entrepreneur Magazine.
This report reflects the available data and focuses on the strategic and operational aspects of Tricolor Holdings as a significant player in providing financial solutions and generating economic activities for underserved communities. The information about specific details such as founding date, exact revenue, headquarters, and employee count were not available from the provided data.
