Company PowerBand Solutions Inc.

Equities

PBX

CA73934B4001

Software

Market Closed - Toronto S.E. 18:59:38 10/05/2024 BST 5-day change 1st Jan Change
0.055 CAD +10.00% Intraday chart for PowerBand Solutions Inc. +22.22% +450.00%

Business Summary

PowerBand Solutions Inc. is a Canada-based financial technology (fintech) provider in the automotive industry. The Company develops, markets and sells access to cloud-based transaction platform to buy, sell, trade, finance and lease new and used vehicles, which includes real time appraisal services, market information and financing solutions. Its DRIVRZ, is a multi-dimensional marketplace platform, which provides consumers and dealers with streamlined buying and selling solutions. The Drivrz platform suite consists of three vertically integrated products: DrivrzFinancial, DrivrzXchange, and DrivrzLane. DrivrzFinancial is a technology-driven finance solution with a focus on used vehicle and electronic vehicle (EV) leasing. DrivrzXchange is a consumer-focused, dealer-inclusive multi-sided marketplace. DrivrzLane provides a complete end-to-end omnichannel solution for online automotive sales from dealer websites or listing sites with an e-commerce transaction solution.

Number of employees: 14

Sales per Business

CAD in Million2021Weight2022Weight Delta
Lease Origination
93.7 %
23 96.7 % 12 93.7 % -48.36%
Subscription
4.0 %
1 2.5 % 1 4.0 % -15.01%
Vehicle and Auction
1.3 %
0 0.8 % 0 1.3 % -7.28%
Lease Vehicle
1.0 %
- - 0 1.0 % -

Sales per region

CAD in Million2021Weight2022Weight Delta
United States
98.6 %
24 99.2 % 13 98.6 % -46.99%
Canada
1.4 %
0 0.8 % 0 1.4 % -10.79%

Managers

Managers TitleAgeSince
Director of Finance/CFO - 03/01/21
Chief Tech/Sci/R&D Officer - -
Director/Board Member - 23/04/19
Corporate Officer/Principal - -

Members of the board

Members of the board TitleAgeSince
Chairman 65 21/06/22
Director of Finance/CFO - 03/01/21
Director/Board Member - 23/04/19

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 299,000,000 180,800,807 ( 60.47 %) 0 60.47 %

Shareholders

NameEquities%Valuation
52,646,800 17.59 % 579 115 $
Insurance Corp. of Barbados Ltd.
10.65 %
31,873,001 10.65 % 350 603 $
27,566,666 9.211 % 303 233 $
Newbridge Capital Investments Ltd.
9.083 %
27,183,634 9.083 % 299 020 $
3,362,726 1.124 % 36 990 $
294,471 0.0984 % 3 239 $
Jamie Chown
0.0836 %
250,229 0.0836 % 2 753 $
167,206 0.0559 % 1 839 $

Company contact information

Powerband Solutions, Inc.

1100 Burloak Drive Suite 300

L7L 6B2, Burlington

+866-768-7653

http://www.powerbandsolutions.com
address PowerBand Solutions Inc.(PBX)
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