As the market for electric and hybrid vehicles expands, Tenet has secured $15.0M in new capital to streamline how consumers finance their purchases. The company operates an auto loan origination and servicing platform, designed to connect credit unions and banks with buyers seeking competitive financing for new and used EVs and hybrids, including popular models from Tesla, Lucid, and Hyundai.
Tenet's platform aims to simplify the process for all parties, handling origination and underwriting for financial institutions while offering consumers quick rate checks and 24-hour funding. Its services are currently available across 33 states, facilitating transactions for both private party sales and dealer purchases via platforms like DealerTrack.
