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EPIC Raises $10M Series A to Expand Auto Loan Fintech
Summary generated with AI, editor-reviewed
Heartspace News Desk
•Source: Dallas Innovates
Photo by Surja Sen Das Raj on Unsplash
TL;DR
EPIC, a Dallas fintech company, received $10 million in Series A funding led by FM Capital to expand its digital loan payoff platform. The company will use the funds to innovate its platform for the automotive ecosystem and extend its services to the powersports and RV markets, streamlining processes for dealers, lenders, and insurers.
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Key takeaways
- Dallas-based financial technology company EPIC has secured $10 million in Series A funding, according to Dallas Innovates
- The investment round was led by FM Capital, with participation from Automotive Ventures and other strategic industry investors
- EPIC, a loan payoff clearinghouse for the automotive ecosystem, plans to utilize the capital for market expansion and platform innovation
Dallas-based financial technology company EPIC has secured $10 million in Series A funding, according to Dallas Innovates. The investment round was led by FM Capital, with participation from Automotive Ventures and other strategic industry investors.
EPIC, a loan payoff clearinghouse for the automotive ecosystem, plans to utilize the capital for market expansion and platform innovation. The company's platform streamlines loan payoffs and title releases for dealers, lenders, and insurers by replacing manual processes with a secure, digital system. EPIC intends to further extend its reach into the powersports and RV markets.
Related Topics
fintechfundingSeries Aauto loansEPIC
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