Loanbridge

Loanbridge is a San Francisco-based company developing an AI-powered risk management platform for the automotive finance industry. Founded in 2023 by CEO Alex Wilhelm, the firm provides a hardware-free, software-based solution for tracking and recovering vehicle assets. Wilhelm is supported by a leadership team that includes CTO Rick Ross and COO Nat Parker, who was formerly the CEO of Moovel North America.

The company targets the significant challenges within the vehicle repossession market, an industry characterized by manual processes and disconnected data systems. Loanbridge addresses this by offering a platform that tracks vehicles in near real-time using only the Vehicle Identification Number (VIN). The system aggregates data from a wide network, including impound lots, law enforcement agencies, and private towing companies, to give lenders, car rental agencies, and fleet operators a clear and current view of their asset portfolios. By eliminating the need for physical GPS devices or complex software installations, the company streamlines asset monitoring.

Loanbridge's core service provides instant alerts for critical events such as tows, impounds, or unauthorized commercial use. This enables clients to act quickly, drastically reducing recovery times and associated costs like storage fees. The platform integrates directly with major repossession assignment systems, including MBSi and RDN, turning data insights into immediate action. In addition to real-time alerts, the service includes features like comprehensive VIN decoding for precise vehicle details, lien history checks, and tools for large-scale fleet monitoring. A notable feature is its Voice AI, which automates the process of contacting tow yards to verify a vehicle's status, further accelerating the recovery process.

The company's business model appears to be SaaS-based, providing its platform to a range of clients from auto lenders in the subprime and mid-prime markets to large enterprise fleet operators. By April 2025, Loanbridge was reportedly tracking over 5 million VINs and had received early-stage VC funding from investors including Automotive Ventures and Founders' Co-op. Keywords: vehicle asset tracking, VIN tracking, auto finance, risk management, asset recovery, repossession software, fleet management, automotive SaaS, vehicle monitoring, impound alerts, lien checks, automotive data aggregation, loan delinquency, vehicle telematics, hardware-free tracking, real-time vehicle location, auto lender solutions, commercial vehicle monitoring, fraud detection, recovery logistics