Zipcar has completed a $70 million ABS program led by Credit Agricole. "Our asset-intensive business model requires ongoing access to capital to expand our fleet of Zipcars," said Scott Griffith, chairman and CEO at Zipcar. "This ABS facility is an important strategic step for our company. It increases the total credit available to Zipcar and it will enable us to transition away from lease line financing, ultimately reducing our cost of financing while improving our customer experience with a fresh, growing fleet of Zipcars." Zipcar operates a global car sharing network for more than 400,000 members with over 7,000 vehicles in the U.S., Canada and the U.K. Processing Content |
-
The fintech integrates with payroll systems of employers to arrange early access to earned wages for its customers.
September 30 -
Upstart's grade E loans account for 47.1% of the collateral pool, compared with 43.3% in the UPST 2026-3, while the concentration of 60-month loans is also lower.
September 30 -
Island CEF, a subsidiary of Gordon Brothers completed its first securitization in August, selling $265.5 million in bonds secured by equipment finance leases and loans payments.
September 30 -
The Federal Reserve voted 6-1 to finalize its proposed stress test reforms, including seeking input on stress test scenarios and models annually and averaging results over two years.
September 30 -
The first variable funding note for Pagaya will contain newly originated consumer loans as they attain seasoning and await securitization.
September 29 -
The trust has a loan-to-value ratio of 56.2%, based on the rating agency's net cash flow (NCF) of the assets and a capitalization rate of 6.00%.
September 29






