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Ally Pumps Money into Carvana Loans

Ally Pumps Money into Carvana Loans

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FintechNews RoundupUSA
··1 min read

Ally has significantly increased their current loan purchase program with Carvana, a platform for buying and selling cars; the two have been working together over the past six years; under the deal Ally will provide up to $2 billion of capacity for the purchase of finance receivables over the next 12 months; they are also broadening the types of customers included; Ernie Garcia, founder and CEO of Carvana stated, “This commitment from Ally puts Carvana in a strong position to provide our customers fair, simple financing in this time when so many need it.” AP News

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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