Crédito Real merges its two units in the United States

The Multipurpose Financial Corporation (sofom) Credito Real announced the merger of its two business units in United States to operate under a single brand, with the objective to strengthen its presence in the country of the North, especially in the financing of used cars

According to Sofom, the presence of this financial institution in the United States began four years ago with the 39; acquisition of 80% of the capital of the company that operates under the Don Carro brand and later acquired 99.28% of AFS Acceptance LLC, which later operated under the brand Credito Real USA Finance, both subsidiaries are engaged in the sale and financing of used cars. [(19659002]] merged its business units in the United States of America under a single brand called Credito Real USA, while deepening its insertion into this market, "said Sofom in a statement

He added that "Crédito Real will operate in this country under this brand, including the Crédito Real USA Finance and Don Carro brands, which correspond to companies in which Crédito Real holds a significant stake."

For Sofom, La announcement strengthens its presence in the United States, where it is currently present in 32 states, a portfolio of $ 110 million and nearly 9,000 active customers.

"With our companies in the United States, we managed to serve a market You need credit to be able to realize your dreams. Our goal is to become the largest non-bank financial institution in the world that focuses on the Hispanic market by offering simple and effective solutions. For this reason, we have launched the Credito Real USA brand as a differentiator of our financial products in this market, "said Ángel Romanos, CEO of Crédito Real.