CUneXus and Edmunds.com Partner to Transform Car Buying

CUneXus Solutions, a leader in omni channel, application-free lending technology, announced a partnership with premier car shopping destination Edmunds.com, Inc. The two companies will collaborate to develop a new generation of car shopping and purchasing solutions, to be unveiled this spring.

“Edmunds.com is creating the most trusted car shopping experience, and CUneXus’ mission is to help financial institutions create an unparalleled borrowing experience,” said Dave Buerger, president and cofounder of CUneXus. “Together, we will deliver exciting new tools that delight both shoppers and lenders.”

CUneXus’ Comprehensive Prescreened Lending (CPL) technology allows banks and credit unions to offer “click to accept” consumer loans to customers where and when they need them–no application necessary. The company’s cplXpress lending automation platform delivers personalized offers to customers’ phones, computers and tablets, using a combination of the institution’s customer information and lending criteria, as well as customer credit history, behavior and location. A shopper entering an auto dealership, for example, might receive a message with a preapproved loan offer for $40,000 that can be accepted on the spot, increasing the buyer’s purchasing and negotiating power. When combined with Edmunds Price Promise dealer inventory, the resulting solution will elevate the car buying experience to an entirely new standard, empowering consumers with unmatched tools and transparency.

The two companies first connected at Edmunds’ 2015 Hackomotive, a three-day competition that brings together innovators and entrepreneurs in the car shopping industry. CUneXus was subsequently invited to participate in the second cohort of Edmunds’ three-month Fastlane startup accelerator in Santa Monica. Additional details of the partnership and product collaboration will be announced in April, 2016.