Author: Plensy

Plensy™, The World’s First NFT Auto Smart Loans, Announces Launch of Wefunder Equity Crowdfunding Campaign

Post author By Plensy
Post date February 10, 2022

Plensy™ Inc. is the World’s First End-to-End Credit & Lending Solution for Car Buyers and Dealerships, allowing consumers to regain control of their purchasing power and credit score while benefiting from interest rates and loan terms that won’t break their bank or threaten their family’s survival.

On the Plensy™ Wefunder campaign page, the general public can now make reservations. Wefunder is a website that connects startups with investors through crowdfunding. The “Kickstarter for Investing” platform makes use of a provision in the JOBS Act of 2012 that allows unaccredited investors to purchase equity in early-stage private companies.

The Points-based Lending System – Plensy™, teamed with Wefunder to offer their future customers the opportunity to purchase Plensy’s initial equity, which offers discounted shares to early Seed Round investors.

The disruptive FinTech company has achieved many milestones in the previous three years prior to the campaign’s launch, including:

• First company to create the Idea to apply NFTs to Vehicles and coin the term, Auto Smart Loans

• Patent filed in 2020

• 120 Dealerships across the United States Signed Agreements to Offer Plensy’s Alternative Lending Solution to its Customers

• Some of the dealerships are under Warren Buffet’s Berkshire Hathaway Automotive Group and Lithia Motors, Inc., one of the largest automotive group retailers in the United States and is among the fastest-growing companies in Fortune 500

• Built a more streamlined and modern Dealer Management & Inventory System 2019-2020

• Auto Finance Innovation Award Nominee – Sam Errama, Founder & CEO

• Inspirational Woman of the Year Los Angeles Times – Brandi Kolosky, Founding Member & CGO

• Completed Friends & Family Round with $150k raised

• Tested 3.3m data points showing a 97% efficacy of predicting default by accurately reflecting the customers’ true ability to pay a loan and their actual creditworthiness

“We are extremely excited about the opportunity to provide a superior value proposition to the consumers and dealerships while providing a significant return for our investors,” Miami Resident and Floridian, Chief Growth Officer / Founding Member of Plensy™, Brandi Kolosky, states. “The vote of confidence and eagerness from everyone over the past year shows that Plensy™ is needed now more than ever to provide a more accurate and faster solution with less risk for the credit and lending industry. We have already made significant headway on our target well before ‘going live’ on Wefunder and look forward to connecting with more fans of Plensy™!”

Erik Day, VP & CFO of the Warren Henry Auto Group’s 14 South Florida dealerships, clarified on the 2021 CXAuto Conference panel with Ms. Kolosky at 1:34:30, “absolutely Plensy™ is needed….we are missing out on a lot of customers due to many factors…”

“We’ve created statistical models and a loan approval prediction to increase the likelihood of a consumer qualifying while reducing missed payments and default rates. We’re employing a logistic regression model with real-time accurate data analytics and smart algorithms to assess a buyer’s true ability to pay, while our predictive analytics algorithm allows us to determine individual interest rates.”, said Plensy’s Founder, Sam Errama.

Plensy™ uses the blockchain to ensure that the above data is accurate, secure, and transparent by combining data points and risk mitigators such as rental history, gig economy income, additional assets, and more. It generates a buyer’s authenticated creditworthiness using its own patent-pending AI without increasing credit risk or creating any discriminatory racial consequences. Plensy™ is the most intricate and necessary part of the equation to disrupt the monopolized for-profit credit score firms, Experian, Transunion, and Equifax, by extending the marketplace, diversifying risks, and creating a social effect. Finally, Plensy™ has built in a 20% reserve into its financial model, greatly beyond the industry standard of 5%.

Plensy™ will use the crowdfunds for working capital. The early-bird investment offering, which includes a discount on the valuation cap and perks, will end on February 24, 2022.

More About the Immediate Plensy™ Team:

Founder & CEO, Sam Errama, with a 20-year mastery of applying SaaS, Data, FinTech, SEO, Marketing, and Sales to multiple global sectors, including the automotive, gold, real estate markets, and industries alike, and Muralidhar Margapuri, CTO & Co-Founder of Plensy™ who held a 20-year position as Former Vice President, Information Technology for Citigroup & Banamex Global, Project Management Professional (PMP), Certified Information Systems Security Professional (CISSP), Information Security Compliance, and Anti-Money Laundering (AML) Technology application experience. He was awarded several times at Banamex, acknowledging his and his team’s efforts of colleagues in aligning with BUSA’s Four Pillars – Fortress Controls, Client Excellence, Employee Engagement, and Shareholder Return.

Kolosky is a polymathic business and marketing leader. Her roles have included International Business Development Director, Capital Fund Raiser, and Chief Growth Officer. She is known for pushing the boundaries of B2B and B2C globally. Brandi launched her own Marketing and PR firm 10 years ago. She then worked alongside the CMO & CFO of FIA Formula1 Electric Racing and helped curate the global race series marketing, sponsors, events, cross-branding, and investor relations. Her efforts introduced a $50M investment to the organization. Soon after she was contracted to solve an energy crypto mining problem, and in that time, she invented & deployed the by-pass of flare on oil fields to power Crypto Mining Pods. January 2020, Brandi became the Managing Director of DealBox, the World’s first Venture Capital firm utilizing Blockchain technology for Digital Securities Issuance where she oversaw roughly $400m in client marketing and investment raises. February of 2021, she onboarded as a Founding Member and Chief Growth Officer for Plensy™.

Wefunder Campaign Page: https://wefunder.com/plensy

We are ‘testing the waters’ to gauge investor interest in an offering under Regulation Crowdfunding. No money or other consideration is being solicited. If sent, it will not be accepted. No offer to buy securities will be accepted. No part of the purchase price will be received until Form C is filed and only through Wefunder’s platform. Any indication of interest involves no obligation or commitment of any kind.

Building & Construction Business Real Estate Services Technology

Visionary Marketplace Entrepreneur and Community Builder, Todd Haselhorst, Creates Storm Advisor™

Post author By Plensy
Post date December 23, 2021

Miami-Dade County resident, visionary entrepreneur, and community builder, Todd Haselhorst, announces his newest venture launched in October of 2021, StormAdvisor™. Throughout his career, he has chosen highly fragmented and antiquated industries where he can apply tech-enabled marketplace solutions and automated processes to reduce fraud, waste, and cost such as Auto Transport Plus sold to NYSE-KAR and CubeMonk, a transportation and labor marketplace for the logistics industry that is currently undergoing a merger.

In November 2020, after Hurricane Sally hit Florida and caused widespread property damage, Todd and his friend Nick created Hercules Construction to support the recovery efforts of people’s homes. They found that contractors were exploiting homeowners by providing poor quality work or sometimes even running off with their money. Haselhorst then began to realize how large and widespread the problems were facing homeowners in need of repairs. He quickly understood that much like in the logistics industry, that homeowners didn’t have the information, experience, and resources necessary to safely and quickly navigate the process of restoring their home.

With Todd’s background in building marketplaces, he creatively and innovatively formed StormAdvisor™ so families could quickly and easily access their network of pre-vetted contractors, insurance adjusters, and restoration experts who could be trusted to restore their biggest asset back to pre-storm conditions, focusing first on Florida and Louisiana.

Part of StormAdvisor’s mission is providing homeowners with a curated network of professionals to assist them throughout the entire process of filing a claim and repairing their home after a major storm. Most people have little to no experience with this lengthy process. Insurance companies, adjusters, and contractors take advantage of this fact—costing families time, money, and sometimes even their home.

Climate change increased the number of destructive storms by 40% over the last 20 years. In 2020 alone, 22 major storms caused over $1B in damage, breaking previous records. As a result, scammers flock to devastated communities to take advantage of these vulnerable homeowners. It’s gotten so bad, states are passing legislation to eliminate the predatory practices of these contractors, but it’s not working

“Our solution is an online marketplace that is hyperfocused on a niche experience overlooked by companies like Angi, HomeAdvisor, and Thumbtack. None of these platforms focus on storm restoration – a dramatically different experience than home improvement,” says CEO & Founder Todd Haselhorst. “StormAdvisor™ is the first company to focus on building software tools and providing unbiased information in this underserved $100 billion dollar market.”

More About Todd Haselhorst: Todd Haselhorst is a serial entrepreneur who has been building businesses since the age of 12. He was born in Hays, Kansas amongst a family of construction company entrepreneurs. Todd followed suit at the age of 12 by creating a pipeline of lawn service clients and has never looked back. Since then he has built businesses in many different industries including: Auto Transport Plus sold to NYSE-KAR and CubeMonk, a transportation and labor marketplace for the logistics industry that is currently undergoing a merger.

He attended the University of Kansas studying Economics & Game Theory while playing a key role as Defensive Line Tackle on the best team in school history which later won the Orange Bowl in Miami, FL. Haselhorst’s vision was always innovative from a young age. Todd, who studied the science of decision making, developed a passion for creating systems that align the incentives of all the participants.

During his moments of rest or activity, he enjoys reading, learning, traveling, hiking, camping, fitness, and practicing daily yoga, meditation, and self-development. His colleagues, family, and friends describe him as a genuine listener and goal-oriented human being who cares deeply about helping others. Todd is thoroughly happy with the city he lives in and sees Miami-Dade County as an opportunistic, culturally forward place to call home.

More About StormAdvisor™: info@stormadvisor.com

Automotive Family & Parenting Leisure Activities Services U.S

Get your family pictures taken with Santa Claus this holiday season at HGreg Nissan of Buena Park

Post author By Plensy
Post date December 15, 2021

Buena Park, CA; HGreg Nissan of Buena Park is excited to offer a day of fun and excitement for the whole family. With Santa Claus himself, the kids will be able to have their pictures taken with him for memories that last a lifetime. The event will also feature gifts for kids* (while supplies last) as well as refreshments and snacks.

Buena Park Nissan’s Santa Picture Event

December 16th From 5:00 pm to 8:00 pm

We’ll have Santa ready to greet you when you arrive. Tickets are available for guaranteed pictures and big raffle prizes. In addition, a professional photographer will be on board to capture your memorable photos with Santa at no charge! Please allow at least 48 hours for processing. The images will be delivered via email within two business days.

What are the details of the event?

When: Thursday, December 16th from 5:00 PM to 8:00 PM (check-in starts at 3:00 PM) Where: HGreg Nissan of Buena Park, 6501 Auto Center Dr, Buena Park, CA 90621

Click here to get your Tickets now or visit our Facebook page here.

You’ll receive free gifts for your kids, as well as snacks and refreshments.

The first 200 attendees will receive a GUARANTEE of gifts for their kids.

HGreg Nissan of Buena Park

HGreg Nissan of Buena Park is committed to building an outstanding relationship with its clients through dedication to service, value and trust. The Buena Park Nissan team includes knowledgeable sales professionals that understand how important a strong connection with customers is to achieve the highest levels of satisfaction.

About Mohammed Basith

Automotive General Managers play a big role in the dealership’s success. They are responsible to oversee all departments and ensure customer service while hitting their goals every time. They must know the business very well and wear many hats.

Mohammad A. Basith knows exactly what that entails and never fails to deliver. He has 35 years of experience in the automotive industry. Currently the dealership he runs, HGreg Nissan of Buena Park, is #2 in the nation. He has exceptional customer service. If there is ever any issue, he personally takes those calls and takes care of it immediately. He is at his dealership 7 days a week ensuring that everything is being done and ran properly. He always strives for greatness and keeps his customer satisfaction scores high.

Not only does Mr. Basith keep his customers happy but his employees as well. He prides himself in the values he brings to the table. He promotes a family type of environment. He exemplifies his leadership skills, so that the team members can thrive in the business. Therefore, our team members are able to deliver the same type of customer satisfaction. He knows the business so well, and truly understand the importance of recruiting and coaching the right team members that will help his dealership be a success while keeping the work environment intact.

Hgreg Nissan of Buena Park dealership located at 6501 Auto Center Dr, Buena Park, CA 90621

Business Fashion & Beauty Non Profit Technology World

Las Vegas Tech Foundation, GlobalSoko, Launched an Unveiling of the Virtual eCommerce Marketplace, DadaSoko, during the Desert Fashion Empowering Young Women Entrepreneurs in Africa

Post author By Plensy
Post date December 13, 2021

GlobalSoko Foundation officially launched the DadaSoko Global Virtual Marketplace with an Afro Winter Wear in the Desert Fashion Show at the Waldorf Astoria Las Vegas Saturday evening, December 4, 2021.

DadaSoko, Swahili for “SisterMarket”, is a self-sustaining global eCommerce ecosystem that provides digital tools, mentorship, and financial support to help empower young female entrepreneurs in Africa. In addition, the DadaSoko marketplace will provide women direct access to fashion consumers overseas, first focusing on the United States.

The founders saw a need to help women overcome their unique challenges in Africa and the developing world and grow their businesses by giving them access to global markets.

To kick off the fashion event and unveiling of the marketplace and designers, The Honourable Esther Passaris, Member of Parliament and Woman’s Representative from Nairobi, addressed the crowd to describe, from her perspective as a prominent socialpreneur and philanthropist, the importance of DadaSoko for the young women entrepreneurs in Kenya.

Models then showcased the variety of exclusive men’s, women’s, and children’s clothing, jewelry, and accessories, all exclusively designed, hand-made, and marketed by a new generation of talented young women from Africa.

Silicon Valley serial entrepreneur, author, and blockchain, AI, NFT, and DeFi expert Jorden Woods spoke about the cutting edge technology infrastructure that powers the DadaSoko Global Virtual Marketplace.

You can find the designers, such as, Hando Afrikan Designs, VaaLeo, Hailey Kollection, Umbo Collection, Janeqo Arts, Musi Collection and many more, now live on the DadaSoko . Com marketplace.

Featured styles were the coordinated fashion ensembles and matching mother-daughter and father-son clothing designs.Pete Munyasia, GlobalSoko Foundation Director of International Operations, gave the closing remarks before the invitation-only audience of supporters, sponsors, and investors. “Thank you all for coming out tonight to celebrate this important milestone with us. Tonight, you have seen for yourselves how your involvement with GlobalSoko is already making a social impact in Africa, empowering thousands of young women entrepreneurs and transforming their lives and benefiting entire communities of underserved people.”

Kenya Television Network KTN sent a reporter to attend the event, as the DadaSoko project has attracted a large amount of national interest in Kenya among prominent government officials, including senators and Members of Parliament.

“The technologies that empower these talented young women entrepreneurs to expand their business opportunities to the world outside of their neighborhoods and villages were conceived and built right here in Las Vegas. This includes technology for financial aid and a unique split-payment system that is the foundation for creating DadaSoko as a self-sustaining economic ecosystem,” said Moses Kusasira, President of GlobalSoko Foundation, Inc. in a post-event interview.

About GlobalSoko Foundation, Inc.: GlobalSoko Foundation is a Las Vegas based non-profit social impact charity, dedicated to eliminating barriers to opportunity and providing technology solutions that transform, empower, and uplift the lives of people in underserved communities around the world. GlobalSokoFoundation. org

About Social Media Gateways, Inc.: Social Media Gateways is a Las Vegas based technology company providing software in the fintech, marketing, and social commerce space. SocialMediaGateways. com

More About DadaSoko.com: The eCommerce platform, DadaSoko, has been recognized by Forbes Magazine as being one of the top 6 best new online technology payment and ai shopping experiences. With their innovative business and charitable model that allows for low-cost ordering and collaborative stylizing of western and eastern culture, the organization is committed to expanding access to quality products for consumers in emerging markets. This is accomplished through a joint project between two Las Vegas based organizations; GlobalSoko Foundation supplies the project funding through a grant from the Bill & Melinda Gates Foundation, along with training and organizational support in conjunction with the Young Women’s Christian Association (YWCA) – Kenya, while Social Media Gateways provides the digital business transformation technologies that power the DadaSoko Global Virtual Marketplace platform.

Business Employment Energy & Environment Finance Technology

Brandi Kolosky Named One of the Most Inspirational Women

Post author By Plensy
Post date September 28, 2021

Brandi Kolosky has been selected as a nominee by Los Angeles Times for its annual ‘Inspirational Women Awards.’ With over 16 years of experience, she is a leading female in the Sustainability and FinTech industries. As a business development expert, she’s helped grow many companies around with her expertise in business development, marketing, public relations, and capital raising. Before moving to Los Angeles 2.5 years ago from Miami to join leading Cannabis, Venture Capital, and FinTech companies, Kolosky was hired to source low-cost energy for a crypto mining pod development company and invented the bypassing of flare on oil fields to power these mining operations, which is now Digital Stream Energy.

Los Angeles Times and B2B Publishing is excited to announce the Inspirational Women Forum & Awards event recognizing female business leaders who have demonstrated noteworthy success and accomplishments during the last 24 months.

Brandi Kolosky is a polymathic business and marketing leader. Her roles have included International Business Development Director, Capital Fund Raiser, and Chief Growth Officer. She is known for pushing the boundaries of B2B and B2C globally. Her earlier career mentorship was under LINKS World Group, Marketing Expert & VP of Forbes LATAM, Edward De Valle, and led her to oversee the PR, Social Media & Ad buys for several Real Estate developments, including several Trump Properties before launching her PR, marketing, and business development company, House of Berlin, in 2012.

Kolosky’s career leveled up when working directly with the CMO & CFO of FIA Formula1 Electric Racing. She helped curate the global race series marketing, sponsors, events, cross-branding, and investor relations. Her efforts introduced a $50M investment to the organization.

January 2020, Brandi became the Managing Director of DealBox, the World’s first Venture Capital firm utilizing Blockchain technology. She oversaw roughly $400m in client marketing and investment raises.

Winter 2020, Kolosky was hunted and accepted the role as Chief Growth Officer of Plensy™, to interrupt, innovate, and revolutionize the financial ecosystem with a patent-pending DeFi lending points system known as Plensy™.

Her role with Plensy™ is to transform the antiquated traditional financial ecosystem and credit score rating, from the current loan processing methodology by offering lending services through the Plensy™ platform, starting with applying NFTs to Vehicle in what they are stamping as Auto Smart Loans. Kolosky’s current goal is to secure the Seed Round fundraising of $25m.

More recently she has begun to collaborate with LogosCapital.io on her lifelong mission to create bonds and introduce the firm’s investment allocations focused on oceans, waters, forests, humanitarian, and smart cities.

Lastly, Aspire Drinks, a healthy alternative energy beverage, has contracted her to supervise the West Coast expansion into Sam’s Club, Target, and Ralphs retail locations. And she is a silent partner in the first-ever design-build-lease industrial cannabis grow model, TriTerra.

Brandi has completed her certifications in Innovations of Financial Technology at the University of Michigan, Healing with Nutrition and Food as Medicine from both Health Science Academy and Monash University, as well as Certified to lead Sprints created by Google Ventures.

Her past includes dancing professionally for 21 years and holds the Miss Gainesville / Miss FL Delegate titles. Kolosky is currently pursuing her helicopter and single-engine pilots licenses.

Business Government & Politics News & Current Affairs Technology U.S

Is Plensy™ Leading the Race Against The Cabinet of US’s Proposed Public Credit Reporting Plan?

Post author By Plensy
Post date September 16, 2021

The Credit Reporting and Lending Industries have long needed a breakthrough in alternative scoring and lending. Now more than ever, especially due to the COVID-19 economic hardships brought on by COVID-19, creditworthiness is perilous for citizens of the United States and globally. In March of 2020, then-Senator, now Vice President publicly Tweeted, “We must suspend wage garnishment, car repossessions, credit card interest and penalties, and any negative credit reporting for the duration of the pandemic (including for at least 120 days after this is over).”

Several years ago, the Founder & CEO of Plensy™ Sam Errama, who provides Lead Generation services for Automotive Dealerships through his company Pownder®, recognized crippling profit margins and punished consumers. These dealerships’ sales departments expressed their inability to provide loan options to customers, and Mr. Errama dived into creating a new points-based lending system and platform called, Plensy™.

Sam Errama further elaborates, “After witnessing firsthand numerous potential buyer’s credit reports with low or no scores at all in the automotive market, I knew the painful car buying and lending process needed disruption.”

The credit scoring system used by Americans today was implemented in the ‘80s using an antiquated mathematical algorithm equation. Plensy™’s new lending-points system leverages modern data analytics and algorithmic models to accurately assess a borrower without Increasing credit risk or any basis of discriminatory racial effects and is set to begin beta testing with the automotive market in 2022. By expanding the marketplace, diversifying risk, and creating social impact, Plensy™ is the most intricate and needed part of the equation to disrupt the monopolized for-profit companies —Experian, Transunion, and Equifax.

Two hundred twenty million US Citizens’ social security, lending collections, and payment data are absorbed by these companies without consumers’ permission or approval, punishing them on race, hospital bills, inquiries, and everything in between. In addition to charging a subscription fee to view credit scores, the big-3 even lower consumer scores when their credit is pulled for lending or applications for homes.

Demos, a think-tank organization, published a paper written by Associate Director Amy Traub in April of 2019, titled “Establish a Public Credit Registry”; now under Biden’s plan, the monopoly is under a financial microscope. Plensy™ is leading the race and well ahead of this proposed campaign.

“Plensy™ has solved it. It’s time we evolved with it. So, humanity can thrive, not just survive, by bringing blockchain technology and asset-backed tokenized loans to the credit and lending industry. We are ready to engage with like-minded VC’s and Angel Fund Groups to pursue this endeavor further,” Brandi Kolosky, Chief Growth Officer of Plensy™, further expresses.

While past performance may be a sufficient indicator for a borrower whose financial circumstances have not changed, that is not the case for many borrowers. In addition to traditional jobs and professions, many borrowers supplement their income through non-traditional means such as e-commerce, multi-level marketing, app driving, and food delivery services. Financial conditions change rapidly, and failure to acknowledge those changes puts a borrower at a significant disadvantage.

Under the traditional model, a borrower’s credit score can be updated monthly or at least every 45 days. This lag in real-time data is woefully inefficient for today’s fast-paced economic environment, where transactions can be completed within a matter of nanoseconds using blockchain technology.

The current credit scoring system does not consider other important factors, such as government regulations, market conditions, the borrower’s expenses, employment history, the loan terms, or the total down payment the borrower is willing to pay on the transaction.

The process to obtain lending-points is simple and without cost, through the Plensy™ App. Connect your bank accounts, add proof of rental or mortgage payment history, upload copies of your legal identifications such as driver’s license or passport, as well as additional variables that can raise your lending points.

Plensy™ issues these lending points based on a lending point application programming interface (API) that inputs the data into the Plensy™ algorithm. The API is available to sellers and calculates the borrower’s tier-based upon relevant data inputs. A borrower may change their tier anytime, without penalty or fees, by changing input variables, such as the amount of down payment, the purchase of warranties or additional insurance, or liens on other assets.

Once the loan terms are agreed upon, and the parties enter into a contract to repay the loan, the loan contract is uploaded on the Plensy’s digital platform. A smart contract created by blockchain technology allows full transparency of terms to all interested parties. The asset, title, and tokens associated with the loan are all linked by a smart contract. Tokens are released to the network for trading based on the value of the asset. Plensy™’s Blockchain technology allows for transparency of a digital asset’s current value by maintaining a decentralized public ledger available to the public.

More About: Plensy™ is a patent-pending points-based lending platform on the blockchain. We seek to disrupt the antiquated automotive lending system by offering asset-backed tokenized loans.

Automotive Computers & Software Finance Personal Finance World

Founder of Plensy™, Sam Errama, has been nominated for an Auto Finance Innovator Award

Post author By Plensy
Post date August 24, 2021

Plensy™ is proud to announce that its Founder and CEO Sam Errama has been nominated for the AUTO FINANCE INNOVATORS award. This award honors the industry’s movers and shakers and recognizes innovative new developments in the auto finance industry. The honorees will be announced on November 15th, 2021. “It’s an honor to be nominated,” says Sam Errama, Founder of Plensy™. “I’m excited to see what comes of it.”

Sam Errama created Plensy™ to transform the antiquated traditional financial ecosystem, known as the credit score rating, from the current loan processing methodology by offering lending services through the Plensy™ platform. Plensy™ is a completely new and a unique tokenized blockchain technique of disrupting the entire financing concept by removing the old approach of evaluating a borrower’s potential based on their credit score.

In addition, the 2021 Auto Finance Innovators Awards recognizes industry professionals that have made significant technological contributions to their company and the field. It comes on the heels of a year of major innovation in the auto finance industry.

Other notable nominees include, but not limited to, Tanya Sanders, Head of Auto at WellsFargo, Chris Nicotra, Head of Consumer Auto Lending Technology at Capital One, Kevin Singerman, CEO & Co-Founder of AutoFi, and Chris Depperman, VP of Finance & Insurance Operations of Berkshire Hathaway Automotive.

Plensy™ not only brings innovation to risk assessment but also revolutionizes the broader credit and finance market by tokenizing with NFTs as ” Auto Smart Loans”. The Plensy™ token is a digital asset that can be programmed to produce a yield, making it an attractive new class of digital securities.

Plensy™ has reached agreements with over one hundred twenty (120) dealerships in the United States and is pushing forward with an expansion in the $98B DeFi ecosystem. Some of the largest automotive groups in the United States, which collectively operate over a thousand (1,000) dealerships, are ready to offer Alternative Financing to their consumers.

More About Plensy™:

Plensy™ is poised to disrupt several trillion-dollar markets with a simplified, fair, and intuitive points-based lending-system that expands marketplaces, diversifies risk, and streamlines the process for everyone involved. This would have enormous economic and social impacts!

https://Plensy.com

For more information on Plensy’s business model or Seed Fund Round, contact Chief Growth Officer, Brandi Kolosky, Brandi@Plensy.com

Automotive Business Finance Financial Market Stock Market News

Plensy™, A Points-Based Lending-System Opens Seed Funding Round to Offer NFT Auto Smart Loans to Dealership Customers

Post author By Plensy
Post date August 23, 2021

August 24, 2021 – Los Angeles, CA – The Los Angeles-based FinTech startup Plensy™ announces the opening of its $25M seed funding round. Plensy’s patent-pending Points-Based Lending System will compete with digital lending platforms and banks by elevating the vehicle buying experience for both customers and automotive dealerships. For 3 years the team has been self-funding the developement of the technology and systems solving problems holding back the adoption of DeFi into the antiquated automotive sector by applying NFTs to Auto Smart Loans. Plensy™.

Plensy’s mission is to replace outdated, discriminatory, and draconian credit scoring and lending systems with a smarter, honest, more ethical, and equitable approach to risk assessment and financing, based on real-time data analytics, artificial intelligence (AI), and blockchain technology using asset-backed Non-fungible Tokens.

The AI algorithm authenticates protocols and information between the dealership and consumer that are inputted into the Plensy™ DMS (dealer management system) with both transparency and secured methods of verification stored on private and public nodes. Instead of a monolithic credit score often based on outdated or inaccurate information and prone to misuse, Plensy™ evaluates prospective borrowers based on their current buying power and true ability to repay a loan.

Plensy™ not only brings innovation and a fresh perspective to risk assessment but also revolutionizes the broader credit and finance market by tokenizing with NFTs (converting to a digital format), coined as Smart Loans into programmable, yield baring, new and attractive digital asset class which can be purchased and sold on a state-of-the-art platform cryptographically secured with blockchain technology. The low interest rate that Plensy™ will compete with is desirable among investors looking for a good return on their investments and higher monthly income for dealerships.

Plensy’s Unicorn pedigree includes addressable market, scalability, unfair advantage, timing coincidence, and its founding team:

Sam Errama, Founder & CEO with 20 years of experience in the Automotive Dealerships and Data Marketing industries,
Murali Margapuri, Co-Founder & CTO with 20 years of experience as CTO & VP of Citibank / Banamex global, and
Brandi Kolosky, Chief Growth Officer with 14 years’ experience in Brand Marketing, Capital Raising, Blockchain & Mining Solutions, Global B2B & B2C Business Development and certified in Innovations in FinTech.

Approximately one hundred twenty (120) dealerships have signed agreements with Plensy™, because of their attention in cross-pollinating and growing the $98B DeFi ecosystem together. Some of the largest automotive groups in the United States, which collectively operate over a thousand (1,000) dealerships, are ready to offer Alternative Financing to their consumers, beating the quota goal before the funding round began. Plensy’s current financial model only predicts 1% of the $1.4 trillion auto loan market (300 dealerships) — proving the Plensy™ model is the future of car buying. There isn’t competition. There is only coopetition.

This new approach creates a net positive social and economic impact as millions of previously ostracized consumers are welcomed into the marketplace and new financial opportunities are created for both lenders and borrowers.

In 2015, the US Congress declared credit scoring to be a monopoly controlled by just one organization, FICO. This monopoly provides credit scoring for more than 90% of the top US lenders. FICO’s credit scoring system leaves over 26 million Americans “credit invisible” and an additional 19 million un-scorable.

Sam Errama, Chief Executive Officer of Plensy™, expresses: ”We intend to disrupt the antiquated automotive financing ecosystem by delivering asset-backed tokenized loans.””

More About Plensy™:

https://Plensy.com

For more information on Plensy’s business model or our seed fund, contact Chief Growth Officer, Brandi Kolosky, Brandi@Plensy.com