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Mercedes-Benz To Pilot High-End Vehicle Subscription Service

PYMNTS

The service will run in partnership with Mercedes-Benz dealers and will launch as a pilot in June in Nashville and Philadelphia. It includes a $500 activation fee, credit check and also covers vehicle tax, registration, insurance and maintenance. With the monthly subscription, customers pay either a flat fee of $2,000 or $3,000.

Atlanta 101
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New Carro Hire Shows How Vehicle Subscriptions Are Growing

PYMNTS

As digital and mobile technology changes the automotive market, vehicle subscription and online marketplace businesses are also growing, and undergoing changes. Drivers will be able to access Mercedes-Benz vehicles in Philadelphia and Nashville with the launch, the company said in an announcement. Ford Retreat.

Nashville 130
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Ford Drops Out of Vehicle Subscriptions, While The Space Continues Acceleration

PYMNTS

In addition, Mercedes-Benz Collection is expanding its Nashville, Tennessee offering to include the Premier tier. And a recent agreement between Clutch Technologies and Mercedes-Benz will offer Clutch Georgia members the chance to transition to a Mercedes-Benz Collection subscription.

Georgia 100
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2021 GonzoBanker Awards

Gonzobanker

Simultaneously the bank invested in Paladin Fraud, Trabian Technology, and Chartwell Compliance to provide compliance and risk management solutions in the complex and connected web of fintech partnerships. Randy Stevens , CEO , First Farmers and Merchants Bank , Nashville TN. Brandon Dewitt, MX co-founder and chief technology officer.

Fintech 143
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11 Lessons From Startup Chapter 11s

CB Insights

Coda Automotive sought Chapter 11 bankruptcy protections in May 2013, and announced it was restructuring its business as a battery technology company. Coda’s unsold vehicles were later acquired by Mullen Technologies, an electric vehicle company based in California. No AdMob, no product. Founded: 2013. Declared Bankruptcy: 2018.

Apple 78
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Fintech Fundings: 186 Companies Raised $1.6 Billion in June

Fintech Labs Insights

HQ: Nashville, Tennessee. Blockchain technology. Income tax preparation app. Tags: Consumer, tax prep. Source: Finovate. i3 Verticals. Payment processing. Latest round: $10 million. Total raised: $10 million. Source: FT Partners. 401(k) platform. Latest round: $9.5 million Series A. Total raised: $12.84

Company 12