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