Westlake, Nowcom Launch NowLake

By Staff Writer February 18, 2021

Westlake Technology Holdings and Nowcom Corporation have launched a fintech company, NowLake Technology LLC.  NowLake was born from the close relationship between the two companies and created to solidify their presence in the fintech space. Their first joint ventures include investments into TurboPass, SoFi, Carsfast, Affirm, Auto Finance in Canada and developing a medical loan program for Covered Care. 

“The completion of this merger is part of our larger goal to expand our opportunities in automotive and other fintech spaces like point of sale, medical, secured, and personal loan financing,” said Ian Anderson, group president of Westlake Technology Holdings. “Here at Westlake, we are thrilled to be working even closer with Nowcom to build a better future for our clients and the communities we serve.”

Westlake and Nowcom will continue to operate independently from each other in their core business model. NowLake Technology LLC will be the parent company of Westlake Technology Holdings and Nowcom Corp. NowLake’s Board of Directors will consist of Don Hankey, chairman of The Hankey Group, and members of Westlake, Nowcom, and Marubeni Corporation.

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Last modified on Thursday, 18 February 2021 14:37