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 their target underbanked demographic.
Finanzauto SA’s investment will empower us to enhance our infrastructure, fostering operational efficiencies that drive our progress forward. It’s a testament to the abilities of our leadership team as well as our commitment to maintaining a stronger financial foundation. Furthermore, this partnership with Finanzauto offers potential that will benefit both companies. Leveraging the combined strengths of our organizations, we see a wealth of opportunities that will not only elevate SAFCO but also offer future opportunities for our dedicated team members.
Commenting on the news, SAFCO’s CEO George Fussell stated, ““Our partnership with Finanzauto heralds an exciting new chapter for SAFCO. Together, we embark on a journey filled with prospects and enhanced capabilities, positioning us to explore new horizons and achieve unparalleled success.”
Finanzauto SA of Colombia is a leading auto loan company under the distinguished SEISSA umbrella of companies which include major brand auto dealerships, auto and heavy equipment distributorships, vehicle rental companies, and a large Colombian-based bank.