Futr expands data connectivity into U.S. auto market

Executive Summary

• Futr Corp. has expanded its data connectivity to approximately 70% of the U.S. franchised auto retail market, granting access to roughly 11,000 dealers.
• This expansion accelerates dealer activation capabilities and enhances consumer experience by reducing friction in onboarding dealers, consumers, and scaling the company's "Payments 2.0" platform.
• The connectivity strengthens Futr's AI-driven payments products by providing instant access to high-quality dealers and consented consumer auto data, supporting the goal of growing the dealer network from over 250 currently.

Key Details

• Market Reach: Connectivity now covers approximately 70% of the U.S. franchised auto retail market.
• Dealer Access: The company now has connectivity to roughly 11,000 U.S. franchised dealers.
• Current Network Size: The dealer network currently consists of over 250 dealers, with plans to grow following this milestone.
• Strategic Partnership: The expansion coincides with a recent "Tax Max distribution partnership," positioning Futr for network growth.
• Technology Enhancements: The connectivity supports the "Payments 2.0" technology suite, which includes:
  • Self-serve consumer portal for managing total auto loan cost or ownership.
  • Intelligent document vault for storing and querying contracts.
  • AI-powered contract insights to help consumers understand deals and obligations.
  • Smarter payment workflows using accurate dealership and consumer information.
  • Fast identity checks and financial verification using real-time system data.
• Platform Infrastructure: Futr Payments operates on a proprietary, AI-enabled infrastructure designed for automated payment processing, document workflow management, and real-time reporting.
• Compliance and Security: The platform ensures regulatory compliance, consumer protection, and secure funds movement through an FDIC-insured custodial account structure.
• Consumer Protections: Participating customers receive full disclosures, transparent pricing, and a risk-free trial period.

Notable Quotes

• "This significant milestone in our technology stack, along with the recent Tax Max distribution partnership, puts Futr in an ideal position to grow our dealer network from the 250 plus today. Futr now has further instant access to high-quality dealers and consented consumer auto data, which strengthens our AI-driven [artificial intelligence] payments products." — Mindy Bruns, Chief Business Officer of Futr Payments