Axis publicizes itemizing on the Toronto Inventory Trade and gives enterprise updates


Toronto, 6 April 2022 /CNW/ – Axis Auto Finance Inc. (“Axis” or the “Firm”) (TSXV: AXIS), is happy to announce, April 7, 2022The Firm’s frequent shares will commerce on the Toronto Inventory Trade beneath the image “AXIS”. Efficient on the finish of buying and selling 6 April 2022The frequent shares shall be de-listed from the TSX Enterprise Trade.

Enterprise Replace: Expertise Pushed Development

Axis is a fintech lender that’s altering the way in which Canadians purchase and finance used autos. via its direct-to-consumer (“d2c“) Portal, DriveAxis.ca, permits customers to pick their subsequent used automobile, optimize financing phrases and get the automobile delivered – from the consolation of their house. As well as, the corporate has been offering revolutionary B. 2B continues to reinforce non-prime auto mortgage origination know-how options and superior service to its vendor accomplice community.

D2C – The Way forward for Auto Retail

Launched in late 2021, DriveAxis.ca is a totally digital e-commerce answer that transforms the used automobile shopping for expertise. Prospects have entry to 1000’s of autos, will be immediately authorised for financing and get the automobile delivered, all with out leaving their house.

Because the US market has demonstrated, digital retail is the following step within the evolution of automobile shopping for. Based mostly on the profitable launch of Ontario On a pilot foundation, Axis expects D2C principal loans to turn out to be a major a part of its portfolio going ahead.

B2B origins are on the rise

Axis continues to set mortgage origination data via its coast-to-coast Canadian vendor accomplice community. On the finish of 2021, the auto mortgage portfolio stability was on document $197M, a rise of 29% year-on-year. Axis expects mortgage origination to proceed to speed up Canada The remaining comes out of COVID restrictions.

large, extremely fragmented market

Used automobile retail is a $40+ billion market Canada With lower than 1% e-commerce adoption. With 85% of retail transactions being financed, there are considerable natural progress and tuck-in acquisition alternatives for Axis.

Fiscal power permits for sustained progress

with $6 million In adjusted earnings for FY21, Axis is a worthwhile fintech firm. of the corporate $120 million The revolving credit score facility gives ample room for portfolio progress and $15 million Fairness funding accomplished by Westlake Monetary November 2021 The stability sheet has been additional strengthened.

About Axis Auto Finance

Axis is a fintech firm that’s altering the way in which Canadians purchase and finance used autos. By means of our direct-to-consumer portal DriveAxis.ca, prospects can select their subsequent used automobile, organize financing and have the automobile delivered to their house. As well as, the corporate continues to reinforce B2B non-core auto mortgage origination by offering revolutionary know-how options and superior service to its vendor accomplice community. All Axis auto loans report back to Equifax, because of which over 70% of shoppers have seen a major enchancment of their credit score scores. Extra details about the corporate will be discovered at https://www.axisfinancegroup.com/investors-press-releases/.

TSX Enterprise Trade has neither authorised nor disapproved the contents of this press launch. Neither the Trade nor its Regulating Service Supplier (as outlined within the Trade’s insurance policies) accepts duty for the adequacy or accuracy of this launch.

Supply Axis Auto Finance Inc.

For extra info: Todd Hudson, CEO, (416) 633-5626, [email protected]4869-1858-4345, v. 3



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