News and Announcements
LatAm Autos Launch MotorCredit Finance Product
- Published October 26, 2016 2:53PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
26th October 2016, ASX Announcement
Highlights:
- Successful launch of pioneering auto finance product MotorCredit, in partnership with Ecuador’s largest financial institution Banco Pichincha
- An estimated A$150m1 of cars are sold through our websites each month, highlighting the significant potential of auto finance as a revenue stream
- New product offering will provide a complementary revenue stream, revolutionise used car financing in Latin America and accelerate the path to profitability
LatAm Autos Limited (ASX: LAA) (“LatAm Autos” or the “Company”) is pleased to announce the launch of MotorCredit, a new auto finance product. The product leverages off the dominant market position of the Company’s Ecuadorean business patiotuerca.com and has been developed in conjunction with the largest financial institution in Ecuador, Banco Pichincha.
To view the full announcement, please click on the button below.
Company Updates
Capital Is Flowing – Just Not to Everyone: Inside Australia’s $1.8 Billion Q1 2026
Australia’s startup ecosystem opened 2026 with a number that demanded attention. In the first three months of the year, $1.8 billion was raised across 81 venture deals and 26 accelerator rounds. That makes Q1 2026 the strongest start to a year since the 2022 boom, up 63% on Q1 2025, and more than double the […]
The control layer for the electrified home
THE MARKET SHIFT Australian households have been pulled into a real-time energy market they never knowingly signed up for. Flat electricity tariffs are disappearing. In their place: dynamic, time-of-use pricing that changes depending on when power is consumed. Electricity is now cheapest when solar floods the grid in the middle of the day — and […]
500 Million Episodes, Limited Treatment: How Patrys is Bridging the Gap in an Underserved Market
In the clinical vocabulary of the Intensive Care Unit, there is perhaps no word that carries as much quiet dread as delirium. It is a “chemical storm” of the brain—an acute dysfunction where the delicate balance between calming and activating signals is scrambled. For the patient, it can be a waking nightmare of hallucinations and […]
Backed By Leading Investment Groups and Family Offices
