iA Financial Group invests $10m in Clutch Technology’s pre-owned car sales platform

[{"selector":"#anim-d682646e-8d21-49cf-aa8d-8cc475fad9d0","keyframes":{"opacity":[0,1]},"delay":0,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dea01b43-c58c-4863-9982-c81c00c993af","keyframes":{"transform":["translate3d(-99.67532%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-128f0211-785e-4c0a-bfef-3bc091acb1ad","keyframes":{"opacity":[0,1]},"delay":100,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

Investment Announcement

[{"selector":"#anim-05811a96-2dca-46e7-9846-4160dc5352c9","keyframes":{"opacity":[0,1]},"delay":0,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-88c51ca1-73c7-4a0b-8307-cb4c44791e42","keyframes":{"transform":["translate3d(-99.67532%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-daea0392-8698-41c9-8b8b-a822290927f8","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a9173d73-4a92-4e28-b47d-8fb4da7ef9d7","keyframes":{"transform":["translate3d(100.00000%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ea7a9cb6-ba11-42bb-b65d-2f402d12d626","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] iA Financial Group has committed $10 million in investment to Clutch Technology, a prominent player in Canada's online pre-owned vehicle market.

Strategic Integration

[{"selector":"#anim-6843c59e-3916-46c5-8d94-503c4fda9766","keyframes":{"opacity":[0,1]},"delay":0,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ea8a7c92-c4c6-455b-be6e-75363e47fdd8","keyframes":{"transform":["translate3d(-99.67532%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-831723ed-8e95-4dda-b630-67abec06c105","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e7cd56ac-2bfe-4933-8d39-0d5d7470ac50","keyframes":{"transform":["translate3d(100.00000%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1533ea5f-27c9-48ac-8cc2-58e6ac1f852b","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] This investment aims to seamlessly integrate iA Financial Group’s insurance products into Clutch’s robust digital car-buying platform.

Partnership Benefits

[{"selector":"#anim-023f2af8-af75-4a99-9d30-9cb5ccbcc73b","keyframes":{"opacity":[0,1]},"delay":0,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cc7de19b-6daf-405e-a153-75ac91526946","keyframes":{"transform":["translate3d(-99.67532%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fc60cb22-fa47-4c19-a31f-bcb483b1e3cc","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-47e8427a-0c29-4c56-a61b-42bbb34ccffb","keyframes":{"transform":["translate3d(100.00000%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-27d2d9fd-c7db-48a3-908d-80a938752c0e","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] By partnering with Clutch, iA Financial Group enhances its ability to provide a comprehensive online solution for vehicle purchases and insurance needs.

About Clutch

[{"selector":"#anim-8458ef0c-c215-4818-ac79-b643c451e1ce","keyframes":{"opacity":[0,1]},"delay":0,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-80d76341-b966-4457-b165-3b809022b46d","keyframes":{"transform":["translate3d(-99.67532%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9e4f8d4e-e51e-4d83-9365-1911ffb92fff","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d5ca7bf6-b044-47b7-a836-2a8a6ca46cd1","keyframes":{"transform":["translate3d(100.00000%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2dafc534-b9a3-4efd-94b3-fc84c73d623e","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Founded in 2017 and headquartered in Toronto, Clutch has rapidly grown to become a leading retailer in Canada's pre-owned vehicle sector.

Clutch's Performance

[{"selector":"#anim-3aaa0529-9614-4c8b-a5d9-8f517dff7cc5","keyframes":{"opacity":[0,1]},"delay":0,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dc5f61bf-2824-4de1-937d-d82761f0b221","keyframes":{"transform":["translate3d(-99.67532%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d7586181-34c0-4ac5-bd65-6f03e4b6e80a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b46ba6c7-c883-4caa-8ce7-2ed6ad837af1","keyframes":{"transform":["translate3d(100.00000%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7b0dacd8-b0e7-45ff-8f18-c82f14698a77","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] In 2023 alone, Clutch successfully facilitated the sale of over 8,000 vehicles through its innovative online platform, solidifying its market presence.

Clutch's Offerings

[{"selector":"#anim-73ef68b7-e8b5-4df2-9ae4-5a242709a7b8","keyframes":{"opacity":[0,1]},"delay":0,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2d8b2e9f-8763-4c80-9f0e-da9c283cf32a","keyframes":{"transform":["translate3d(-99.67532%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-86cf58c8-a16a-4e57-87a1-c7ecf1b5620a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e1ce6928-1a20-4d4e-8b54-6c21b1ec7170","keyframes":{"transform":["translate3d(100.00000%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2e4c81d6-e2be-4f07-a7a8-2985b8c1413b","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Clutch offers a user-friendly interface that includes extended warranty and guaranteed asset protection products sourced from iA Financial Group.

Use of New Funding

[{"selector":"#anim-ed7bd49b-a1a3-4844-9368-dfb43b81c73e","keyframes":{"opacity":[0,1]},"delay":0,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bbe910f9-f70d-4d20-ab31-59498fceee72","keyframes":{"transform":["translate3d(-99.67532%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-50173916-2c95-4e65-9fe9-ebac1ef08f48","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f9aec7d1-8f22-4cef-84e0-5c44a06add64","keyframes":{"transform":["translate3d(100.00000%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-96d78882-d72c-4cb4-bac2-df248fb76067","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] The additional funding will be instrumental in advancing Clutch’s digital infrastructure, expanding its product range, and enhancing overall customer satisfaction.

Executive Comments

[{"selector":"#anim-b66df928-5213-4365-843c-a7c36c1fb35b","keyframes":{"opacity":[0,1]},"delay":0,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e1aff837-2a7f-49c5-b714-6cff734c0e39","keyframes":{"transform":["translate3d(-99.67532%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9cc5a06b-6a20-422f-8efe-9f11d90d4e21","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9830ae22-979e-4429-ad33-4619e8403c2a","keyframes":{"transform":["translate3d(100.00000%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-96900ed2-5f3e-4258-ade9-53da478a76a9","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] The cooperation increases consumer peace of mind and user experience, says Clutch CEO Dan Park. EVP Pierre Miron of iA Financial Group proposed internet sales to better reach consumers.