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AmeriTrust Financial Technologies Inc V.AMT

Alternate Symbol(s):  PWWBF

Financial Services Industrials Credit Services Conglomerates
AmeriTrust Financial Technologies Inc., formerly PowerBand Solutions Inc., is a Canada-based financial technology (fintech) provider in the automotive industry. Its integrated, cloud-based transaction platform facilitates transactions amongst consumers, dealers, and funders. The Company has commercialized a Fintech automotive-based software platform that specializes in auto leasing and is the operator of Drivrz Financial, a financing marketplace enabling lenders and consumers to finance vehicles in the United States. Drivrz Financial platform offers a leasing alternative for used vehicles through its technology and lease structure. The Company’s transaction platform is being made available across the United States of America. The business units operated by the Company is Drivrz Financial Holdings LLC (DrivrzFinancial), D2D Auto Auction LLC (DrivrzXchange), and IntellaCar Solutions LLC (DrivrzLane).


TSXV:AMT - Post by User

AmeriTrust Financial Technologies Inc > PBX is in a perfect turnaround point
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Comment by lscfaon Nov 07, 2022 2:09pm
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Post# 35079560

RE:PBX is in a perfect turnaround point

RE:PBX is in a perfect turnaround pointWait to see q3 fins....

In 2022, the revenue from lease originations at DrivrzFinancial has fallen below the previous forecasts in the first quarter and second quarter. The third quarter has not shown any sign of reversal of this trend. Therefore, the new leadership team is focusing and channeling resources to develop the lease origination business unit.
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