"Connecting qualified buyers with reputable auto dealers for valued purchases."
AutoMatch revolutionizes the vehicle market by inverting the standard process. Through our platform, potential buyers post their pre-approved financing requests and specific automobile requirements. Consequently, auto dealers and lenders compete to meet these demands, thereby shifting the control to the buyer. This reverse approach fosters efficiency and transparency, and optimizes financing solutions, thereby reshaping the traditional vehicle buying process.
Mission: Foster industry-connectivity by bridging approved buyers with dealers using transparent bidding. Vision: To architect a fair and efficient financing-first vehicle marketplace across Canada.
B and C credit consumers looking to get the most value and best rates for their purchases
Dealers get qualified leads in the door without having to waste time upfront on selling with the uncertainty of finance. Buyers only get shown vehicles they can afford for their approval with dealers fighting for the deal through a pooled bidding process on deals
Dealers suffer time-loss with unqualified buyers, while buyers face potential dealership deceit. Our finance-first model fosters competitive fairness.
Through a transparent platform, dealers can competitively bid on approved buyers, with integrated tools assisting buyers in comprehending offers.
Automatch pre-approves buyers, routes requests to licensed dealers, gathers VIN-tied all-in offers in a timed bid, brokers inter-dealer matches, and the winning dealer funds the deal via its lender.
AutoMatch streamlines automotive purchases by pairing approved buyers with auto dealers, enhancing transparency and efficiency for all parties.
We estimate the market size for which our solution is designed in monetary terms as follows
Is our goal in the next 3 years
My key role is as a Finance and Compliance officer. I'm responsible for overseeing financial management, ensuring compliance, and creating sound financial strategies based on my background in accounting, CFA progression, and CPA training.
The team could include a marketing lead for brand promotion, a tech lead handling product development, and a finance officer overseeing budgets.
Our main competitors are Carvana, a dealer-lender hybrid with high fixed costs, and Canada Drives which has transitioned to auto financing applications service. They acquire vehicles through instant cash offers instead of buying and selling them outright.
Our platform uniquely stimulates competition among dealers, operating much like a brokerage but at absolutely no cost to the buyer, positioning us as an unrivaled solution in the market.
We monetize through origination fees from lenders and success fees from dealers, keeping our buyer customers free of costs.
Our competent senior leadership, comprised of a CFO, CTO and CEO, is fully committed to the project. Additionally, we have successfully created functioning prototypes of our innovative tech stack.
We've successfully expanded our market share in BC, propelling us to a position of positive cash flow. This strategic growth underscores our sustainable economic health as we continue achieving remarkable progress.
We are in our early stages, yet to generate revenue. However, we’re vigorously focused on refining our product quality and enhancing user satisfaction metrics.
Our company incorporated in
British columbia
The main risks for my startup could be regulatory changes in the auto lending sector, user acceptance of our unconventional valuation model, competition from similar platforms and traditional car buying channels, as well as protection of sensitive customer financial information.
$
No initial investment only time and resources
We raised investments
Ruben Grimbeek - 25% - Liam Foss/ Nick Desousa 75%
$
$150,000
Currently, we are raising investments
$
Estimated pre-investment valuation of the company
