TORONTO, Sept. 11,
2024 /CNW/ - The Iceberg Finance Group and
autologiQ are proud to announce their exclusive partnership.
Through this collaboration, Iceberg Finance will be the sole
financing partner for autologiQ's Easy Monthly Payment (EMP)
repair finance solution, providing Canadians with seamless,
accessible payment options for their automotive needs.
This partnership marks a significant milestone for both
companies, combining Iceberg Finance's deep expertise in the
automobile industry and its robust technological infrastructure
with autologiQ's innovative approach, unique services and rapid
expansion. With over $1 billion
funded to date across its group, Iceberg Finance is positioned as
one of the top specialized lenders in Canada, further solidifying its leadership
role in the financial services industry.
autologiQ's digital platform and unique virtual vehicle
management service connects consumers with a vast network of
professional automotive service facilities. autologiQ has
experienced rapid growth with a keen focus on client satisfaction
and by providing an easy and affordable vehicle service
experience. By integrating autologiQ and Iceberg Finance's
technologies and programs, this partnership will deliver a seamless
and efficient financing experience for both service providers and
customers. autologiQ's platform connects consumers with a team of
virtual service advisors and its extensive iQ Network, which
features major brands like Midas, Trail Tire, and Tirecraft.
"We are excited to partner with Iceberg Finance as our
exclusive financing provider," said Jeffrey Newhouse, Chairman & CEO of
autologiQ. "Their deep knowledge of the automotive industry and
commitment to innovation aligns perfectly with our mission to make
professional automotive services more accessible to Canadians. This
partnership represents a fantastic opportunity for both companies
to leverage our strengths and continue our rapid growth across the
country."
Iceberg Finance has been a key player in the automotive industry
since 2012, making it a natural fit for this partnership with
autologiQ. Following its acquisition of iFinance Canada in 2022, Iceberg Finance more than
doubled its business volume and broadened its portfolio of
specialized financing solutions. ''This collaboration with
autologiQ is an incredible opportunity for both of our companies
and aligns perfectly with our vision of expanding into diverse
verticals and product offerings. Working with autologiQ over the
past months, we have been impressed by their team, technologies and
footprint across Canada. We are
convinced this new partnership will be beneficial for both Iceberg
Finance and autologiQ," said William
Breton, COO of Iceberg Finance.
Both Iceberg Finance and autologiQ are thrilled to embark on
this journey together, with a shared commitment to driving
innovation and delivering exceptional customer experiences. The
companies are already working on new improvements and automation
initiatives, with technology and building a seamless experience at
the forefront of their collaboration. These advancements will be
key drivers of consistent improvements in the coming months.
Notably, both companies are currently working on new strategies
that will be directed towards expanding the program's scalability
across Canada, particularly in
Quebec and the Atlantic provinces
which are not yet served by autologiQ. This partnership marks the
beginning of an exciting new chapter for both companies, promising
continued growth and success well into the future.
About autologiQ:
autologiQ is a leading digital automotive marketplace in
Canada, offering a range of
automotive services and solutions, including tire and wheel
replacement, automotive maintenance and repairs, roadside
assistance, windshield replacement and collision services. With a
rapidly growing network of hundreds of automotive service partners
across the country, autologiQ's Easy Monthly Payment
solution empowers customers to manage their automotive expenses
with flexible, affordable payment options. The company's commitment
to innovation and customer satisfaction has fueled its impressive
growth and solidified its position as a key player in the Canadian
automotive industry.
About the Iceberg Finance Group:
The Iceberg Finance Group is a leading fintech lender that has
funded over $1 billion across
Canada. Comprising two companies,
Iceberg Finance and iFinance Canada, the group specializes in providing
innovative and flexible financing solutions.
Iceberg Finance focuses on the automotive sector, offering
financing for vehicles, extended warranties, and insurance products
through a nationwide network of over 2,500 dealerships. Meanwhile,
iFinance Canada partners with over
10,000 service providers across diverse industries, including
medical, dental, veterinary, home improvement, HVAC, and other
consumer goods and services, offering flexible financing
options.
As a fintech-driven group, the Iceberg Finance Group relies on
cutting-edge technology as a cornerstone of its success. With a
robust in-house IT team, the company develops proprietary solutions
that deliver seamless, automated, and highly efficient experiences
for both consumers and service providers. These technologies allow
the Iceberg Finance Group to offer unmatched digital services,
continuously setting new standards in the industry.
SOURCE The Iceberg Finance Group