At Automotive Ventures, we’re always looking to back founders who are reimagining broken, inefficient systems in the automotive ecosystem. With LoanBridge, we found a team that’s not only tackling one of the most overlooked and operationally painful parts of auto finance—vehicle tracking and recovery—but doing so with a smart, scalable, and deeply integrated solution.
A Broken System in Need of Modernization
The vehicle repossession industry is plagued by outdated software, manual processes, and a patchwork of disconnected data. As loan delinquencies rise and recovery timelines stretch longer, lenders are bearing the cost—both financially and operationally—of this dysfunction.
Traditional repossession methods can take upwards of seven days to locate and retrieve a vehicle. Lenders often rely on license plate recognition (LPR) or rudimentary VIN tracking systems that only offer periodic snapshots of a vehicle’s location. These tools fail to deliver the real-time insight needed to act quickly and efficiently.
Enter LoanBridge
LoanBridge has built an AI-powered platform that tracks vehicles in near real-time—without the need for GPS hardware or aftermarket installation. By leveraging VIN-only tracking and aggregating data from impounds, law enforcement, and private tow records, LoanBridge gives lenders a clearer view of their asset portfolios than ever before.
More importantly, LoanBridge closes the loop between lenders and repossession networks. The platform integrates directly into leading repo assignment systems like MBSi and RDN, turning insights into action and reducing recovery times from seven days to just a few hours in many cases.
For lenders, the ROI is immediate and compelling: higher recovery rates, faster repossessions, and reduced fees from storage and impound delays.
Why We’re Excited
There were a few key reasons why we were drawn to LoanBridge:
- Massive Market Opportunity: With over $1.6 trillion in outstanding U.S. auto loans—and delinquency rates in some segments north of 10%—the need for better tracking and recovery tools has never been more acute. LoanBridge is operating in a $10B+ annual repossession market with a clear opportunity to expand into origination analytics, insurance, and fleet management.
- A Product That Works (and Scales): LoanBridge is already tracking over 5 million VINs and has delivered measurable impact for major lenders, car rental, and fleet customers. In one pilot, the platform reduced repo times from 7 days to 3 hours and uncovered millions in potential savings for lenders.
- Exceptional Team: Founder and CEO Alex Wilhelm brings deep fintech and operational experience, while COO Nat Parker (former CEO of Moovel North America) and CTO Rick Ross (ex-Cubic) round out a leadership team that understands both the technical and regulatory complexity of this space.
- Category Leadership Potential: Unlike legacy solutions, LoanBridge offers a holistic, integrated approach that doesn’t require hardware installation or PII. Their data-first model, combined with thoughtful integrations and exclusive partnerships, positions them as the system of record for modern vehicle asset tracking.
A Perfect Fit for Our Thesis
At Automotive Ventures, we invest in the future of auto commerce—particularly in companies that are modernizing legacy infrastructure with data, automation, and software. LoanBridge checks all those boxes.
Their traction in the subprime and mid-prime lending markets is just the beginning. With a compelling GTM strategy and a strong pipeline of enterprise customers, LoanBridge is poised to become a foundational piece of the auto finance stack.
Wrapping Up
We’re excited to partner with Alex and the team as they reshape how vehicles are tracked, recovered, and ultimately financed. If you're a lender, fleet operator, or technology partner interested in learning more, we encourage you to check out LoanBridge.
Brochure / Product Overview: https://brochure.loanbridge.ai
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