PWWBF - PowerBand Solutions Inc. (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA) is One to Watch
- PowerBand is disrupting the antiquated business model of the automotive industry, replacing distrust and confusion with transparency, access to information and ease of use.
- PowerBand empowers the consumer to self-direct a transaction, by streamlining the interactions among all participants and eliminating unnecessary middlemen.
- Nearly 90% of Americans report they dislike the car dealership experience, noting they feel anxious or uncomfortable in dealership settings.
- In 2018, 17 million new cars and 40 million used cars were sold in the U.S., with 31% of the new vehicles leased.
- The automotive-leasing industry generates an approximate annual revenue of $120 billion, with the demand for leasing expected to continue its upward trajectory.
- MUSA Auto Finance utilizes a first-of-its-kind technology to navigate the underwriting, funding and delivery process, completing the entire customer experience in minutes.
- MUSA also built a custom solution for Tesla, which is capable of being scaled across a variety of customers to address a rapidly growing demand for lease technology. It has demonstrated that leases can be approved in under a minute.
- PowerBand’s major partners include leading financial platform RouteOne LLC and TÜV NORD Mobility Inc., an international vehicle inspection company.
PowerBand Solutions Inc. (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA) is revolutionizing the world’s automotive industry with a cloud-based platform that makes buying, selling, leasing and trading cars and trucks as easy as purchasing a product on Amazon or ordering an Uber from a smart phone. PowerBand offers auction and finance portal software tools that increases sales, efficiencies and profitability to its customers and dealers. It provides a transparent, simple, buy-sell online-auction and inventory-management system.
PowerBand’s mission is to create an online, consumer-directed marketplace that streamlines the interactions among all participants in the automotive industry. It transforms today’s antiquated business model with...
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