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Diversified Financial Services
FINANCE | Lending / Consumer
ally.com

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Investments

16

Portfolio Exits

9

Partners & Customers

10

Service Providers

3

About Ally Financial

Ally Financial (NYSE: ALLY) is a digital financial services and financial holding company offering financial products for consumers, businesses, automotive dealers and corporate clients.

Ally Financial Headquarter Location

Ally Detroit Center 500 Woodward Ave

Detroit, Michigan, 48226,

United States

704-444-7824

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Expert Collections containing Ally Financial

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

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Fortune 500 Investor list

590 items

This is a collection of investors named in the 2019 Fortune 500 list of companies. All CB Insights profiles for active investment arms of a Fortune 500 company are included.

Ally Financial Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Ally Financial Rank

Latest Ally Financial News

Carvana Cuts Costs as Demand for Used Autos Remains Under Pressure

Aug 5, 2022

August 5, 2022 - Advertisement - The online used car dealer said reducing expenses is its top priority after focusing for years on aggressive sales growth - Advertisement - Carvana said Thursday it is working to slash costs and improve efficiency across the business, including in its logistics, delivery, advertising and technology divisions. The company in May set a short-term goal of reducing its ratio of selling, general and administrative expenses to retail units sold to $4,000 by the fourth quarter. That figure—which excludes stock-based compensation, depreciation and amortization, as well as its recent acquisition of Adesa US, a used-car auction network—stood at $5,333 as of June 30. - Advertisement - Selling, general and administrative expenses dipped by about 1% as of June 30 compared with the previous quarter to $721 million. Carvana, which for years has focused on aggressive sales growth, said in a letter to shareholders Thursday that expense reduction is its number one financial objective. Total retail units sold rose 9% in the second quarter from a year earlier, to 117,564. The company reported a net loss of $238 million, compared with a profit of $22 million a year earlier. Gross profit per unit—one of its preferred metrics—was $3,368 compared with $5,120 during the prior-year period. - Advertisement - The high price of used vehicles is weighing on demand across the industry, particularly among lower-income consumers, analysts said. The Manheim index of used car values ​​dipped 1.3% in June from the prior month, but remains 9.7% higher than a year ago. Consumers are also facing higher costs in other areas of their budgets with inflation at a four-decade high. “Affordability is getting better, but consumers are a little bit less well off,” said Michael Baker, managing director at DA Davidson & Co. Expenses are an aspect of the business that Carvana can control as it confronts an uncertain economic outlook, said Daniel Imbro, managing director at Stephens Inc. “Cost cuts are in focus until demand stabilizes,” Mr. Imbro said. During the second quarter, investor demand for Carvana’s loans—a critical source of the company’s revenue—cooled as interest rates rose. The company typically packages most of its loans and sells them to investors through a process called securitization. But during the second quarter it didn’t bring to market an expected securitization of its nonprime loans made to riskier borrowers. Carvana includes revenue from loan sales under a metric called other gross profit per unit. That figure declined 27% from a year earlier, to $1,854. The company said in its shareholder letter that during the third quarter it expects to sell whole loans, rather than slicing them up into securities. Carvana has an agreement with Ally Financial Inc., a Detroit-based lender, to sell up to $5 billion of Carvana-originated loans through March 2023. Carvana, which is still burning cash after 10 years in business, bolstered its liquidity. The company had just over $1 billion in cash and equivalents on its balance sheet as of June 30, up from $201 million a year earlier. Carvana raised capital during the quarter, including $1.2 billion through a sale of common stock in late April. The company around the same time ran into problems selling debt to fund its $2.2 billion acquisition of Adesa. It ultimately received a lifeline from Apollo Global Management Inc., which agreed to buy half of the $3.275 billion in bonds at a 10.25% coupon. Carvana had about $6.6 billion in long-term debt on its balance sheet as of June 30, up from just over $3 billion in the prior quarter, before the Adesa transaction closed. Write to Kristin Broughton at [email protected] ,

Ally Financial Investments

16 Investments

Ally Financial has made 16 investments. Their latest investment was in Better.com as part of their Series D on November 11, 2020.

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Ally Financial Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/10/2020

Series D

Better.com

$200M

No

41

4/1/2020

Line of Credit

Vroom

$450M

Yes

2

8/27/2019

Debt - III

Fair

$100M

No

9

8/27/2019

Series B - II

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10

8/19/2019

Series C - IV

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$99M

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10

Date

11/10/2020

4/1/2020

8/27/2019

8/27/2019

8/19/2019

Round

Series D

Line of Credit

Debt - III

Series B - II

Series C - IV

Company

Better.com

Vroom

Fair

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Amount

$200M

$450M

$100M

$99M

New?

No

Yes

No

Subscribe to see more

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Co-Investors

Sources

41

2

9

10

10

Ally Financial Portfolio Exits

9 Portfolio Exits

Ally Financial has 9 portfolio exits. Their latest portfolio exit was MobiTV on May 13, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

5/13/2021

Asset Sale

$99M

4

5/10/2021

Acq - Pending

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$99M

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10

6/9/2020

IPO

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$99M

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10

12/5/2019

Acq - Fin

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$99M

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10

3/6/2018

Acquired

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$99M

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10

Date

5/13/2021

5/10/2021

6/9/2020

12/5/2019

3/6/2018

Exit

Asset Sale

Acq - Pending

IPO

Acq - Fin

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

4

10

10

10

10

Ally Financial Acquisitions

3 Acquisitions

Ally Financial acquired 3 companies. Their latest acquisition was Fair Square Financial on October 21, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

10/21/2021

Private Equity

$99M

$100M

Acquired

13

10/16/2019

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$99M

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10

4/5/2016

Series B

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$99M

$99M

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10

Date

10/21/2021

10/16/2019

4/5/2016

Investment Stage

Private Equity

Series B

Companies

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Valuation

$99M

$99M

$99M

Total Funding

$100M

$99M

Note

Acquired

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Sources

13

10

10

Ally Financial Partners & Customers

10 Partners and customers

Ally Financial has 10 strategic partners and customers. Ally Financial recently partnered with detroit city football club on June 6, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

6/1/2022

Partner

1

5/3/2022

Partner

United States

1

5/3/2022

Partner

United States

1

3/29/2022

Partner

United States

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10

2/10/2022

Partner

United States

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10

Date

6/1/2022

5/3/2022

5/3/2022

3/29/2022

2/10/2022

Type

Partner

Partner

Partner

Partner

Partner

Business Partner

Country

United States

United States

United States

United States

News Snippet

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Sources

1

1

1

10

10

Ally Financial Service Providers

32 Service Providers

Ally Financial has 32 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

Acquired

Counsel

General Counsel

Acquired

Investment Bank

Financial Advisor

Acquired

Counsel

General Counsel

Service Provider

Associated Rounds

Acquired

Acquired

Acquired

Provider Type

Counsel

Investment Bank

Counsel

Service Type

General Counsel

Financial Advisor

General Counsel

Partnership data by VentureSource

Ally Financial Team

48 Team Members

Ally Financial has 48 team members, including current Chief Executive Officer, President, Jeffrey J Brown.

Name

Work History

Title

Status

Jeffrey J Brown

Chief Executive Officer, President

Current

William F Muir

President

Current

Peter Greene

Flexpoint Ford, Bear Stearns, and Stifel Financial

Managing Director

Current

Jonas Axelsson

Karma, and Norrsken Foundation

Investment Partner

Current

Michael Carpenter

Chief Executive Officer

Former

Name

Jeffrey J Brown

William F Muir

Peter Greene

Jonas Axelsson

Michael Carpenter

Work History

Flexpoint Ford, Bear Stearns, and Stifel Financial

Karma, and Norrsken Foundation

Title

Chief Executive Officer, President

President

Managing Director

Investment Partner

Chief Executive Officer

Status

Current

Current

Current

Current

Former

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