Odessa, a software and technology provider for the lending and leasing industry, launched an auto finance originations platform, the first part of Odessa Auto, an end-to-end auto finance suite. The suite will tailor the company’s finance, leasing, and as-a-service usage solutions for the auto finance industry.
Because of Odessa’s experience in equipment leasing, the company’s multi-asset, multi-product platform can support traditional auto finance and alternative lending structures such as usage-based lending, subscriptions, fleet, as a service and fractional ownership.
“Odessa’s deep asset finance experience enables the company to offer state-of-the-art auto origination technology on day one,” Robert Johnson, executive vice president of auto finance at Odessa, said. “Moreover, the easily configurable platform enables lenders of all sizes to meet their origination needs without custom development.”
“Powered by an open API framework, process automation and no-code architecture, Odessa Auto puts control of the platform right where it should be: in the hands of its clients,” Eric Bernstein, CEO of Odessa, said. “We’re pleased to bring these capabilities to auto finance just as the market has begun to demand this level of data intelligence and asset-based functionality.”
