Solifi Acquires Inovatec: Strengthening Automotive Financing Solutions
MINNEAPOLIS and VANCOUVER, BC – Sept. 1, 2026 /CNW/ – Solifi, a leader in secured finance technology, has announced its acquisition of Inovatec Systems Corporation, enhancing its capabilities in the automotive, powersports, and specialty finance sectors.
This strategic move introduces Inovatec’s innovative, cloud-based lending technology to Solifi’s portfolio, which serves banks, credit unions, and specialty lenders across North America. The integration is set to offer an improved lending lifecycle experience, combining digital applications, loan origination, and management systems.
Key Benefits of the Acquisition:
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Enhanced Connectivity: The acquisition aims to create a more interconnected operating environment for lenders, bridging gaps between retail and wholesale financing processes.
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Broader Capabilities: Inovatec contributes advanced features such as digital applications, credit adjudication, funding, and payments, complementing Solifi’s existing offerings in wholesale finance and asset management.
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Geographical Expansion: This merger allows Solifi to enhance its services to Canadian lenders and specialty finance firms, leveraging Inovatec’s established position in those markets.
Commitment to Customers:
Both companies pledge to maintain support for existing customers while progressively integrating their product lines. Customers can expect operational continuity as Solifi invests in further growth and innovation within the combined organization.
Shared Vision:
Inovatec’s founders emphasize their commitment to providing adaptable technology solutions, reinforced by Solifi’s enterprise-scale capabilities and deep industry expertise. As they work toward a unified operational model, clients will benefit from enhanced insights and automation within the lending process.
About Inovatec:
Inovatec Systems specializes in cloud-based lending technologies and services a diverse range of clients within the financial sector, including banks, credit unions, and specialty lenders.
About Solifi:
Solifi operates a unified platform tailored for secured finance, facilitating various financial operations for institutions across different markets.
Investment and Advising:
The financial terms of the transaction were not disclosed. Legal counsel was provided by Stikeman Elliott LLP and Goodwin Procter LLP for Solifi and Torkin Manes LLP for Inovatec.
For media inquiries, please contact Solifi at [media@example.com].
