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Automotive Business Finance Personal Finance Technology

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

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.

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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

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

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Automotive Computers & Software Finance Personal Finance World

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

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  

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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

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™: 

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 our seed fund, contact Chief Growth Officer, Brandi Kolosky, Brandi@Plensy.com  

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Automotive Leisure Activities Lifestyle Retail

DFY Supercar Goes Viral

BANGKOK, Thailand – It’s the lifelong dream of many avid car lovers to sketch up plans and design their very own supercar. But seeing the plans come to fruition? That takes extreme dedication. From crafting plans to putting tires on the road, that’s just what Israeli expat Guy Even did — he built his very own supercar with his company G-Motors in Bangkok, Thailand.

“I’ve always wanted to build my own specialty car,” says Guy Even, “so I started to make plans to make my own and it has been a remarkable journey.”

Even’s project started about four years ago when he decided it was the right time to fulfill his lifelong dream to build a car. He travelled around the world for inspiration but he wasn’t entirely satisfied with what he saw; nothing really matched what he was looking to build. Even had a dream and he wasn’t about to compromise.

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Even wanted to build an attractive, head-turning car that also boasts the ability to drive everyday. That’s when the idea came to him to do it himself: he started with making plans, then bought a shop and machinery to begin construction on his car.

He also documented his journey and process with photos on his company’s Facebook page. The photos on the page demonstrate the long process from chassis to body and finishing touches.

While Even doesn’t call his sleek supercar a “supercar,” a picture would quickly show it sure looks like one. The car features sleek, aerodynamic and futuristic design whose physique draws inspiration from a Bugatti or Lamborghini.

Even states a supercar is extremely powerful with about 600-700 horsepower. Even’s car is not quite that powerful but is still impressive and more powerful than the average car; it uses an American V8 engine and has 300-320 horsepower making this car a good choice to drive every day.

According to Even, this car wasn’t a one-off. Now that the prototype has been created G-Motors plans to create and sell more calls just like Even’s supercar. Because the car is designed for every day use, it claims to be low maintenance and is strangely a practical choice for the road even though it looks anything but practical.

“It is a really nice, every day car,” states Evens. “And because so many people love it, we’re committed to building more cars for others.”

G-Motors wants everyone to come out and visit his shop and see his creation. Now his dream is building more practical supercars — it’s clear that for Even, dreams are always the start of something bigger.

For more information, or to see photos of the car during the various stages of completion, visit: https://www.facebook.com/gmotorsthailand/.