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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Plensy’s mission is to replace outdated, discriminatory, and draconian credit scoring and lending systems with a smarter, honest, more ethical, and equitable approach to risk assessment and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 Instead of a monolithic credit score often based on outdated or inaccurate information and prone to misuse, Plensy™ evaluates prospective borrowers based on their current buying power and true ability to repay a loan.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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Business Education Finance Financial Market Personal Finance

Finesse Your Fear Academy Launched to Expand Economic Opportunities in Communities of Color

A wealth coach and successful entrepreneur has launched a new initiative to help minority female business owners to build profitable businesses. Latesha Isbell Howard’s ‘Finesse Your Fear Entrepreneurship Academy’ is now open for enrollment.

Find out more at www.finesseyourfear.com

There is no denying the significant wealth and opportunity gaps between minorities and whites in the U.S.

In an effort to expand economic opportunity in communities of color, Latesha Isbell Howard is launching the “1K to $100K” campaign. The focus of this initiative is to help 1,000 minority female entrepreneurs to cross the $100,000 revenue mark. To accelerate achievement of this goal, her company, Savvy Diva Enterprises, is proud to announce the launch of the Finesse Your Fear Entrepreneurship Academy.

Finesse Your Fear Entrepreneurship Academy students will experience a robust 12-week online curriculum designed to equip them with the knowledge and resources to start and run a profitable business. Latesha has partnered with industry experts to deliver high-quality content on a variety of topics critical to business success.

·        Entrepreneurial Mindset guest presenters: LaTunja Caster PhD and Tommi Billingsley

LaTunja Caster, Ph. D. (affectionately known as “Dr. Everything”) is the owner of Next Level Consulting Group, and the founder of the W. E. One Project, a nonprofit. She provides support and resources in the development of people, families, and communities. Latunja is the co-creator of The Purpose Program and The Southern Network Girls, LLC. which is a safe zone for women entrepreneurs to develop purpose, power, and profit.

Tommi Billingsley is a mother and a community builder with a passion and drive to help women and communities of color feel empowered and capable of reaching their most ambitious dreams. She owns two successful brands, Flygirlshhh (a t-shirt line) and The Fearless Queens (a women’s empowerment company).

·        Legal Protection for Your Business guest presenter: Dana Blue Esq.

Attorney Dana Blue is on a mission to strengthen the minority business community by empowering entrepreneurs with tools and resources to legally protect their business through registered trademarks. Dana Blue Law focuses on clearing and protecting names, logos, and slogans you use (or intend to use) to advertise and sell your products and services.

·        Bookkeeping & Taxes guest presenter: Jean Toney

Jean Toney is an Accountant, small business owner and co-founder of two non-profits who is gifted at one thing – putting strategies in place that take your vision to the next level! Her company, JT Financial Services, offers bookkeeping, tax preparation, mortgage, and credit repair services.

·        Technology, Systems, & Automation guest presenter: Renee Simpson

Renee Simpson, systems and automation addict and self-proclaimed Savvy Gal, helps female entrepreneurs launch, manage, and scale their businesses by implementing systems and automation.

·        Human Resources guest presenter: Joy Pittman

Joy Pittman is a Human Resources Strategist and Thought Leader working to close the racial wealth gap for Black business owners and the people they employ. Affectionately known as the “Olivia Pope of HR,” Joy puts her years of human resources management experience to work supporting black women owned start-ups and small businesses as they hire, build and develop their teams .

·        Government Contracting & Grants guest presenter: LaShonda Bracey

LaShonda Bracey is a serial entrepreneur, author, sought-after training guru and creative visionary. She is the CEO & President of Health-Works and ASAP Training and Course Development. This inspiring entrepreneur is making strides in the world of government training and consulting.

·        e-Commerce guest presenter: Stacey Quinn

Stacey Quinn is the CEO of Bossy Glamworks, LLC, an online women’s clothing boutique, where she’s committed to offering a broad range of stylish and unique garments and accessories for fashionable entrepreneurial women. Stacey has scaled her company to generate nearly a quarter of a million dollars in sales thus far in 2021.

·        Non-profits guest presenter: Tykeysha Boone MPH, CNC

Tykeysha “Ty” Boone serves her community as a published author, speaker, volunteer SCORE Mentor, programs and development strategist and capacity cultivator. Ty has more than 20 years of experience in academic and clinical research, community program planning, and nonprofit management and development.

·        Marketing guest presenter: Tiffany Huddleston

Tiffany Huddleston is a marketing master; connecting companies to new prospects with digital ads and converting leads into buying clients through automated funnels. As Director of Marketing at Strike 3 Marketing firm, she deploys her fourteen years of experience in digital marketing and marketing automation technologies to help her clients generate more traffic and conversions.

·        Branding & Public Relations (session 1) and Networking & Sponsorships (session 2) guest presenter: Shadonna “Mo” McPhaul

CEO ShaDonna McPhaul, also known as ‘Mo’ is a combat veteran with 20 years of loyal service to the United States Air Force. She merged her compassion and entrepreneurial spirit and created Mo’s Heroes Inc. (a non-profit dedicated to serving veterans) and The Mo You Know Marketing and Media Consulting Services.

Latesha will facilitate the remaining sessions: Creating a Business Plan, Setting up Your Business, Funding Your Business, Additional Revenue Streams, and Personal Credit. The ultimate goal of the Finesse Your Fear Entrepreneurship Academy is to empower students to walk confidently into entrepreneurship armed with the knowledge and a blueprint to build a profitable business.

As CEO of Savvy Diva Enterprises, Latesha offers consulting services in which she assesses her client’s current business operations to help them develop an actionable plan to increase profitability and fundability.

As part of the process, clients gain insight into how lenders and credit providers may view the business to allow them to develop their plan for funding success. The goal is to ensure that clients set up their business credibly; establish a positive business credit profile and score quickly; obtain vendor, store, fleet, and cash credit in their business name without a personal guaranty; and become more ‘lendable’ by building their business credit properly.

A spokesperson said: “Running a small business is both rewarding and challenging. Savvy Diva Enterprises is here to empower you to do what you do best. We provide you with customized business solutions and the resources you need to help you take your business to the next level.”

Latesha is also a stage 3 breast cancer survivor who also speaks about her journey to overcoming cancer with a message of faith and the power of positive thinking.

To find out more, interested parties are invited to visit the link provided.

Categories
Financial Market Living Real Estate Stock Market News U.S

Hot Real Estate Market and Pandemic Mark Increased Need for Skilled Realtors

Oak Brook Terrace, IL – The real estate market has steadily been heating up in many jurisdictions across the United States, and low interest rates are the culprit. 

Low interest rates equate to low monthly mortgage payments and that also means more buyers are ready to put their bids in. For sellers, that means more money on the table. For buyers, that means you might get outbid by a number of other hungry buyers.

Home buyers and sellers trying to navigate this intense market on their own are being met with many challenges, demonstrating the need for an experienced realtor.

For clients looking for exceptional service with the Illinois rental units and Illinois luxury home markets, they should trust RE/MAX LEGENDS realtor Jennifer Mansoori at Lavish Group Inc.

“VIP clients are always number one, and my goal is to exceed each and every expectation, with one monumental experience at a time,” says Jennifer Mansoori.

Mansoori has more than 20 years of experience in sales and marketing. Her strong foundation in business has equipped her with the tools needed to help buyers, sellers and investor clients.

“Sellers are getting top dollar and mortgage rates are at an all-time low,” says Mansoori, adding, “we are seeing buyer clients getting a little frustrated because so many people are bidding on the same house,” says Mansorri, “I can help you craft a competitive offer while not sacrificing your major wants in a home.” 

Selling your home amid a pandemic also brings unique challenges. Some folks are more uncomfortable with showings with increased health risks. An experienced realtor can help communicate and enforce the seller’s preferences with home showings to potential buyers. Realtors can also help by coordinating a limited numbers of showings during a specified window of time. Other elements of marketing a seller’s home, like doing virtual showings, can also help showcase the home without buyers having to attend an in-person viewing.

According to Mansoori, “Some of my clients say they only want one day of showings and I can help facilitate a schedule to enable safe showings throughout that one day. My clients’ expectations are always met or exceeded.”

Many buyers are in the same boat with their comfort levels during the pandemic. Different buyers have different levels of comfort with health and safety and its up to the realtor to help them feel more comfortable while viewing various places.

The VIP service provided by Lavish Group Inc ensures all clients expectations are exceeded. Mansoori is the expert clients can trust while helping to navigate the Illinois rental unit market and the Illinois luxury home market.

For more information or to connect with Jennifer Mansoori, please visit https://www.lavishgroupinc.com