Mr. Alex McDougall reports
NATIONAL U.S. AUTO LENDING PLATFORM SIGNS CONTRACT TO PURCHASE FUTR DATA
The Futr Corp. has reached its first brand contract for data. The contract is with a national U.S. auto lending platform with access to over 60 lenders and 3,000 independent auto dealers.
Highlights of the agreement:
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This auto lending platform will be using Futr's comprehensive data to make highly personalized refinancing offers to consenting Futr customers.
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The brand will leverage Futr's comprehensive data to identify equity in the asset, historical interest rate and payment experience, and current market interest rates to pro-actively make timely refinancing offers that can save consumers money.
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Offers will initially be to refinance automobiles and will expand to personal watercraft, motorcycles and other movable asset classes.
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Customers accepting offers will automatically leverage Futr Payment rails to optimize and automate the new loan payments leading to an end-to-end solution that saves time and money.
Futr views the growth of the relationship in three phases:
Phase 1: All Futr's existing 43,000-plus Futr Payments customers have active auto loans currently being facilitated by Futr Payment rails and will form the initial audience for these refinancing leads.
Phase 2: Futr intends to broaden this program to include its 250,000-plus historical customers.
Phase 3: The Futr AI Agent app, once publicly launched after its closed beta, will afford any American with an auto lease/loan (88 million-plus) the opportunity to reduce their payments via this unique relationship.
Futr is expected to receive between $50 (U.S.) to $350 (U.S.) per successful refinancing.
"We are excited to begin executing on our thesis that our Futr AI Agent app has the potential to completely change the digital advertising and lead generation landscape. Our Futr Vault, a key component of the Futr AI Agent app, has intelligent document processing (IDP) capabilities which extracts structured and unstructured data from the life documents managed in the app. The data is materially differentiated due to its higher-quality and highly accurate nature," said Alex McDougall, president of The Futr.
In connection with the delivery of this data and these leads Futr will also be leveraging its previously announced integration with the Futr data protocol and Futr utility token to further enrich lead quality.
About The Futr Corp.
Futr's AI Agent app is designed to put money back in consumer's wallets through a unique data monetization rewards system, personalized offers, and intelligent agent-driven payment and AI-powered life management tools. The platform also enables enterprises to earn rewards for contributing consented consumer data to AI agents, while allowing brands to leverage this data to enhance personalization and significantly reduce customer acquisition costs.
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