Tricolor Issues $288M ABS Social Bond to Support Scale and Advance Financial Inclusion in Underserved Hispanic Communities

Source: Yahoo Finance

Tricolor this week announced a $288 million social bond – its third this year and fifth overall – to empower underserved, low-income communities through improved access to affordable financing to meet their vital transportation needs and ultimately provide a path to mainstream financing.

Leveraging its proprietary dataset of over 45 million unique attributes, Tricolor is an award-winning fintech innovator that utilizes artificial intelligence (AI) across its integrated, end-to-end model to create a superior value proposition for historically underserved customers. By providing deserving people with access to reliable, affordable transportation, Tricolor helps move them into the financial mainstream and reverse systemic financial inequities in America.