Best Egg Gets $1 Billion in Funding from AB CarVal Affiliates to Help More People Access Vehicle Equity Loans [Yahoo! Finance]
NerdWallet, Inc. (NRDS)
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Source: Yahoo! Finance
This funding will enable Best Egg to offer more loans that allow people to use their car's value as collateral to borrow money. The company aims to provide a smart and cost-effective way for people with limited savings to access money when they need it. This partnership will support Best Egg's growth in the vehicle equity loan market and help the company continue to deliver flexible financial products to its customers. Generated by Yahoo Finance AI Yahoo Finance used generative AI to summarize key information from this article. Some details may be inaccurate. We take that seriously. Reporting mistakes helps us improve these summaries. Was this helpful? Yes No WILMINGTON, Del. Dec. 18, 2024 /PRNewswire/ -- Best Egg , a leading fintech that drives financial confidence, announced today the successful arrangement of a $1 billion purchase facility to help offer more vehicle equity loans that let people use their car's value as collateral to borrow money. This commitment, led by
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