DecisioningIT

DecisioningIT is a startup that aims to revolutionize the automotive lending industry by leveraging artificial intelligence and human data to provide a more inclusive financing experience. The company's flagship product, Lucy F&I Platform, automates the pre-qualification process for customers, reducing the time and effort required for dealerships. This innovative solution has demonstrated a remarkable 85% success rate in automatically pre-qualifying customers, regardless of their credit history, and has effectively reduced financing declines by 50%. The startup's focus on the non-prime segment, which traditionally relies on manual checks, sets it apart in an industry where AI-driven solutions have primarily targeted prime credit consumers. By assembling a team of finance and insurance (F&I) managers and IT developers, DecisioningIT has bridged the gap between industry knowledge and technology, resulting in the creation of Lucy. This approach not only benefits dealerships but also provides a transparent, win-win solution for consumers in need of vehicle financing. Founded in 2021 and headquartered in Canada, DecisioningIT operates at the intersection of AI, finance, financial services, fintech, SaaS, automotive, and machine learning. With its mission to democratize consumer access to financing, the startup presents an intriguing opportunity for potential venture capital investment, especially considering the growing significance of predictive technology in the financial sector.