FORT WORTH, Texas & SAN DIEGO--(BUSINESS WIRE)--Pelican Auto Finance, LLC has selected Payix® to provide its collections tools, including its new mobile collections application. The tools are designed to help Pelican better connect with its borrowers and improve its ability to collect loan payments.
The mobile app and other tools are white labeled and integrate with Pelican’s loan management system in real time. They allow borrowers to make payments quickly, easily and securely – and without paying convenience fees often charged by other payment processors. The app is now available to Pelican borrowers under the lender’s name in Google Play and the App Store.
“The Payix mobile app is for reaching more than millennials. It’s exactly what the subprime automotive finance market needs to reach all of its borrowers,” said Joel Kennedy, chief operating officer of Pelican Auto Finance. “It allows us to seamlessly integrate consumer payments and communications into our system, and it makes it incredibly easy for our customers to engage with us, too. I really think any lender without an app like this runs the risk of falling behind.”
In addition to providing collections tools, Payix also offers payment processing resources and business intelligence solutions typically available only to large-scale lenders. Now lenders of any size have access to a broad range of resources that are effective, affordable and easy-to-use.
“We’re excited to have been selected by the great team at Pelican Auto Finance to provide our collections tools and payment processing resources,” said Payix President Chris Chestnut. “As a new company, we really appreciate being able to work with a lender as experienced and knowledgeable as Pelican. Their help and support have been invaluable to us, and we’re 100 percent committed to providing them with solutions that help their business and borrowers succeed.”
About Pelican Auto Finance, LLC
Pelican Auto Finance, LLC specializes in the underwriting and purchase of deep sub-prime automotive retail installment contracts. Operating out of San Diego, Calif., and Chadds Ford, Pa., Pelican's senior management team has over 100+ years in the sub-prime automobile finance space. Pelican Auto Finance, LLC, founded in February 2013 includes all senior management and employees of a predecessor company, Pelican Resource Group, LLC. Founded in 2009, Pelican Resource Group, LLC established a successful track record of providing dealership financing solutions in the deep sub-prime space. For more information, visit www.pelicanaf.com.
Payix provides collections tools, payment processing resources and business intelligence solutions to the nation’s lenders and auto dealers. Offering white-label services and real-time loan management system (LMS) integration, the fintech firm helps its clients connect with their borrowers and improve their ability to collect payments. Payix was founded in 2016 and is based in Fort Worth, Texas. For more information, visit https://payix.net.