Tricolor Holdings
Tricolor Holdings is a Community Development Financial Institution that empowers the Hispanic community by providing access to affordable credit through AI-powered technology and responsible lending platforms.
Company Overview
Tricolor Holdings empowers Hispanic consumers to achieve the American Dream through its Community Development Financial Institution (CDFI) status. The company uses AI-powered technology to serve the 43% of the US Hispanic population lacking access to affordable credit. Tricolor Holdings is committed to providing affordable credit to tens of thousands of borrowers through its responsible lending platform. The company has earned certification from the US Treasury as a CDFI.
Technology and Innovation
Tricolor Holdings has developed a proprietary AI-powered risk model that effectively segments credit-invisible consumers. This advanced technology underpins Tricolor's ability to serve a significant portion of the Hispanic population in the U.S. The company's innovation in technology has been recognized by Auto Finance News with an Excellence Award for Technology. By leveraging AI, Tricolor enhances its ability to assess and manage risk effectively, ensuring responsible lending.
Financial Achievements
Tricolor Holdings has completed six Asset-Backed Securitization (ABS) transactions, demonstrating robust financial management and investor confidence. The company secured $90 million from funds managed by BlackRock to expand its AI-powered responsible lending platform. Additionally, Tricolor issued the first-ever Social Bond in U.S. consumer auto lending to empower mobility in underserved Hispanic communities.
Recognition and Awards
Tricolor Holdings has been recognized as one of the 'Best Entrepreneurial Companies in America' by Entrepreneur Magazine. The company has also received several other accolades, including an Excellence Award for Technology from Auto Finance News and being a finalist for Best Consumer Lending Platform and Excellence in Financial Inclusion at the Finovate Awards. These recognitions highlight Tricolor's commitment to innovation and financial inclusion.
Service Offerings
Tricolor Holdings offers a direct-to-consumer retail auto model, providing access to affordable financing for high-quality certified vehicles. The company's lending platform uses its proprietary AI-powered risk model to offer responsible lending to those who might otherwise be excluded from traditional credit options. Tricolor is also expanding into adjacent strategies across a broad platform of financial services, aiming to enhance its service offerings and reach a larger customer base.
