Pivotal Capital, Axis Auto Finance, Mitsubishi HC Capital Canada | July 08, 2022
Axis Auto Finance Inc. (“Axis” or the “Company”) (TSX: AXIS), a fintech lender servicing the alternative auto finance market, announced today that its wholly owned subsidiary, Pivotal Capital Corp. (“Pivotal”) has secured an additional Funding Facility (the “Facility”) with Mitsubishi HC Capital Canada, Inc. (“MHCCA”).
Pivotal is an independent Canadian commercial equipment finance company active across the transportation, construction, manufacturing and food services sectors. The Facility adds to Pivotal’s existing funding relationships. Unique in the Canadian marketplace, Pivotal can lend across the credit spectrum with rates from investment grade to sub-prime.
Facility highlights include a Purchase facility, with capacity of up to $50 million in annual purchases, and a Warehouse facility, with a limit of $5 million. The Facility will be used to finance and purchase the payment receivables generated from commercial finance contracts.
“The addition of this Facility means that Pivotal has on balance sheet funding capacity in excess of $100 million. This will drive our aggressive growth plans for fiscal 2023 and continue our national expansion. This is the next step in becoming Canada’s largest independent equipment finance company,” said President Steven Koster.
CEO Todd Hudson stated “Adding the $55 million in funding is an important strategic step for Pivotal. As Pivotal’s presence in the market grows, expanding our lending capabilities is crucial. This Facility will enable Pivotal to pursue even greater market share.”
“We are proud to be part of Pivotal’s growth strategy,” said François Nantel, President Mitsubishi HC Capital Canada. “Pivotal is a significant player in the equipment finance industry and we believe this will be a mutually beneficial relationship.”
About Pivotal Capital
Pivotal is a wholly owned subsidiary of Axis Auto Finance (TSX: AXIS). With offices in Toronto, Montreal, Calgary and Vancouver, Pivotal is a national commercial equipment finance company, active across the transportation, construction, manufacturing and food services sectors. Further information on Pivotal can be found at https://www.pivotalcapitalcorp.com
About Axis Auto Finance
Axis is a financial technology company changing the way Canadians buy and finance used vehicles. Through our direct-to-consumer portal, DriveAxis.ca, customers can choose their next used vehicle, arrange financing, and get the car delivered to their home. In addition, the company continues to grow B2B non-prime auto loan originations by delivering innovative technology solutions and superior service to its Dealer Partner Network. All Axis auto loans report to Equifax, resulting in over 70% of customers seeing a significant improvement of their credit scores.
Further information on the Company can be found at https://www.axisfinancegroup.com/investors-press-releases/.
About Mitsubishi HC Capital Canada
Mitsubishi HC Capital Canada is a specialty finance company that brings a consultative approach and expertise to customers of all sizes to help their businesses grow every day. Serving as a collaborative partner, we provide customized financing solutions for a wide range of industries, including manufacturing, construction, work trucks/transportation, IT, staffing, healthcare and clean technology/mobility.
Regions Financial Corporation | July 08, 2022
Regions Bank on Wednesday formally announced the establishment and continued business growth of a Commercial Corporate Finance (CCF) team that is connecting business leaders with specialized resources, insights, and guidance on opportunities including ownership transitions, financing alternatives, and risk management. The team is led by Coulter Warlick, who joined Regions in 2021 to develop and launch this team.
“The Commercial Corporate Finance team is positioned to further enhance and expand Regions’ financing capabilities as we serve Commercial Banking clients with complex capital needs,” said Brian Willman, head of Commercial Banking for Regions.
“The Commercial Corporate Finance team is positioned to further enhance and expand Regions’ financing capabilities as we serve Commercial Banking clients with complex capital needs,” said Brian Willman, head of Commercial Banking for Regions. “Our work starts with building a deep relationship with the client, understanding their opportunities and challenges, and developing tailored solutions. This team works hand-in-hand with commercial bankers across our footprint to provide specialized experience and insights. It’s another way we are creating greater value for existing clients – and for prospects who can benefit from a more customized approach to banking.”
Additional focus areas for the CCF team include growth capital, management buyout needs, loan syndications, M&A opportunities, dividends, recapitalization and more. Warlick’s team provides guidance, structure, and support from concept through completion.
“Amid the current volatility in the economy, companies especially value a banking relationship that helps them navigate the issues of today while keeping their long-term objectives within reach,” Warlick said. “At Regions, our relationship-driven model of service aligns with the needs and preferences of today’s business owners and managers. Working with our commercial bankers, the Commercial Corporate Finance team can be a trusted source of additional guidance in helping business leaders with customized solutions to meet their financial goals.”
Warlick joined Regions from South State Bank, where he served as director of Middle Market Banking and developed a team of bankers serving mid-sized businesses throughout the Southeast. He previously worked at SunTrust Robinson Humphrey. Warlick began his banking career at BB&T in 2005.
Warlick earned a Bachelor of Arts in Economics from the University of North Carolina at Chapel Hill. He currently chairs the board of directors for Furman University’s Bridges to a Brighter Future Program Scholarship Fund. In addition, Warlick serves on the executive leadership team of the Alzheimer’s Association of Charlotte, and he recently completed service on the board of directors for Classroom Central, a nonprofit focused on serving teachers and students in Charlotte.
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $164 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates approximately 1,300 banking offices and more than 2,000 ATMs. Regions Bank is an Equal Housing Lender and Member FDIC. Additional information about Regions and its full line of products and services can be found at www.regions.com.
Markacy | July 07, 2022
Remote Work, HR departments, HR TechMarkacy, (“the Company”) a digital strategy and marketing firm headquartered in New York City, today unveiled its Finance-Based Marketing solution (“FBM”). This new capability is aimed at methodically improving profitability and empowers brands to identify immediate cost savings and marketing efficiencies without sacrificing long-term growth. FBM is an evolution of Markacy’s financially driven approach to digital and e-commerce direct-to-consumer (DTC) strategies for new and established brands across sectors.
“When the market is thriving, it seems less risky to spend frivolously. However, spending that is not optimized creates challenges when there is an economic downturn,” said Chris Jones, Managing Partner and Co-Founder of Markacy.
“When the market is thriving, it seems less risky to spend frivolously. However, spending that is not optimized creates challenges when there is an economic downturn,” said Chris Jones, Managing Partner and Co-Founder of Markacy. “We expect brands to re-evaluate their marketing budgets over the coming months. Knowing how and when to adapt expenditures throughout the entire marketing program is absolutely crucial, especially with current market volatility. We built FBM as an all-encompassing solution focused on driving P&L objectives and achieving sustainable growth.”
Deploying FBM requires a comprehensive evaluation of a brand’s enterprise-wide commercial objectives and an audit of its P&L. This enables Markacy’s marketing strategists to gain a deep understanding of the brand’s financials and its most pressing challenges and the biggest opportunities. To that end, at the very outset, Markacy defines marketing key performance indicators (KPIs) including Media Efficiency Ratio (MER) targets that are reverse-engineered from a brand’s P&L objectives using its proprietary calculator. This strategy ensures that all expenditures - ranging from advertising cost, and the use of marketing technology platforms, to headcount - are fully aligned and optimized in accordance with enterprise-wide business goals.
During economic downturns, many DTC brands have been known to uniformly cut operating and marketing expenditures, often stunting mid and long-term growth. Informed by FBM, Markacy is working with clients to mitigate this effect by prioritizing strategies and advertising channels that drive profitable growth while also cutting back from marketing programs that do not advance MER targets or the bottom line.
Tucker Matheson, Managing Partner and Co-Founder of Markacy added: “Our multidisciplinary offering fills a gap in traditional digital marketing strategies that brands use despite today’s uncertainties. We put a critical lens on the quantitative financial impact of marketing and bring it to life. FBM will raise our impact to another level, enabling us to advise clients in a more focused and precise manner directly tied to financial performance. We have a set of critical, proprietary tools that enable us to understand which channels and campaigns are the most impactful and shift budgets accordingly when necessary.”
Markacy’s work is guided by the evolving and growing expertise of its team, combined with the leadership’s experience in finance and strategy consulting. To receive a complimentary assessment for your brand using our FBM solution, contact Markacy.
Markacy is a digital strategy firm helping brands launch, grow and scale, by developing and executing cross-channel strategies. Specializing in finance, media, strategic planning, creative, and marketing operations, the company is headquartered in New York City with teams in multiple cities including Boston and Los Angeles. Visit us at http://markacy.com/