News

SAFCO Closes on $225M Asset-Backed Securities Issuance

Pompano Beach, January 26, 2024 – Southern Auto Finance Company, LLC (“SAFCO”) is pleased to announce the successful completion of its second asset-backed securities ("ABS") issuance, further strengthening the company’s liquidity position and ability to execute on its growth strategies. SAFCO successfully issued $225 million in...

Read More

SAFCO Welcomes Finanzauto SA of Colombia as Strategic Partner

Pompano Beach, January 19, 2024 We're thrilled to share some exciting news! Finanzauto SA of Colombia has acquired a minority equity stake in SAFCO. This strategic move aligns perfectly with the Company’s vision of broadening its portfolio and accelerating growth in markets that are consistent with...

Read More

KBRA Takes Rating Actions on SAFCO Auto Receivables Trust 2022-1

Pompano Beach, November 16, 2023 We are delighted to share some fantastic news regarding SAFCO's recent auto loan portfolio securitization! Due to its performance, the SAFCO Auto Receivables Trust 2022-1 (“SAFCO 2022-1”) received a ratings upgrade from the Kroll Bond Rating Agency, LLC (KBRA). KBRA, a credit...

Read More

SAFCO Announces Chief Financial Officer Transition

Pompano Beach, July 31, 2023 Southern Auto Finance Company, LLC (“SAFCO”) today announced a Chief Financial Officer transition. Jason Person has been named as SAFCO’s new CFO. Most recently, Mr. Person served as the Vice President and Treasurer of Regional Management Corporation, a diversified consumer finance...

Read More

SAFCO Co-Sponsors “Birdies For Birch” Golf Tournament

SAFCO recently co-sponsored “Birdies For Birch,” an annual charity golf tournament held at the Lauderdale Country Club, in support of the preservation efforts of the Friends of Birch State Park. This non-profit group’s mission to raise critical monies to fund special work projects, events and...

Read More

SAFCO Celebrates Carnaval In Support of Its DEI Initiatives

March 26, 2022. To support its DEI initiatives, SAFCO has developed a supportive culture that values the diversity of its team members. This month, the company’s headquarters teamed up with its Loan Servicing Department in Barranquilla, Colombia to host a company-wide carnival celebration to highlight the...

Read More

SAFCO Announces Major Addition to Leadership Team 

SAFCO Welcomes Kenneth Gang as Chief Risk Officer Fort Lauderdale, FL – SAFCO, a leading sub-prime auto finance company, today announced the addition of entrepreneur and FinTech veteran Kenneth Gang as the company’s new Senior Risk Officer. “Having worked for the likes of Wells Fargo, Hyundai, GLS,...

Read More