Targeting the automotive marketplace sector, Carbeeza is leveraging artificial intelligence to accurately predict optimal financing scenarios for consumers, allowing them to anonymously browse vehicles they can afford.
The Edmonton-born startup “brings the process of buying a car right to the phone,” claiming its platform is “highly beneficial to both consumers and auto dealers.”
Trading publicly on the TSX Venture Exchange, the Alberta fintech this year raised funds to further power its products. These offerings include Ultralead and AutoYaYa.
For the sellers, Ultralead analyzes existing customer data with AI to tier credit profiles and match them anonymously with tailored lending programs, integrating these insights into a dealership’s CRM system.
The software boosts conversion rates by prioritizing qualified leads and enhances customer satisfaction without altering existing sales or finance processes, according to Carbeeza.
AutoYaYa, meanwhile, offers a motor vehicle marketplace for buyers that is currently in beta.
“As the industry faces rapid changes and challenges, we are committed to leading the evolution, driving innovation, and setting new standards that bridge the existing gaps,” reads a statement from Carbeeza. “Our goal is to empower all stakeholders with smarter, more efficient solutions, ensuring that we remain at the forefront of this transformative journey.”
Carbeeza was founded by serial entrepreneur Sandro Torrieri in Edmonton in 2021.
Trading on the TSXV as AUTO, shares in Carbeeza are down 25% in 2024.
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