Our conversation this week is with Shane Bigelow — CEO at CHAMPtitles — Cleveland-based startup, which has raised over $17.5 million in funding, on digitizing the process of vehicle titling.
Currently, vehicle title creation, management and transfer - when a car is acquired or changes hands - is a cumbersome, paper-based process with different laws and practices in each U.S. state, creating significant complexity. The difficult process impacts everyone who comes in contact with the vehicle title, from citizens, to retailers, lenders, insurance companies, and state governments, leading to unnecessary costs, inefficiency and waste in the marketplace for all ecosystem participants.
CHAMPtitles was built for insurance carriers, automotive retailers, lenders, state governments, and others to allow insurance carriers to more quickly acquire and dispose of vehicles in instances of total loss by digitizing the process from owner engagement to title application submission, reducing cycle times significantly. CHAMPtitles also gives state agencies the ability to modernize their title and registration systems, providing significant benefits to all users of these upgraded systems.
I have a general affinity for those working to close the gap between the ubiquity of technology in people's everyday lives and the relative lack of it in the governments supporting those people, which is why it was awesome to have Shane on the podcast — hope you all enjoy our conversation!
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