AUTOPAY: RateGenius, AUTOPAY Merge as Main Operating Subsidiaries of New Company 'The Savings Group'

AUSTIN and DENVER, July 19, 2021 (GLOBE NEWSWIRE) -- RateGenius Loan Services, Inc. ("RateGenius") and AUTOPAY Direct, Inc. ("AUTOPAY") today announced the companies have successfully completed their merger transaction. Upon closing this all-stock merger of equals, the two companies became operating units of The Savings Group, creating the most diversified consumer marketplace for automotive finance and refinance. The Savings Group will be led by Co-CEOs and AUTOPAY Co-Founders Jeff Hutcheson and Seth Meyer, while the previous RateGenius CEO Christopher Speltz will take over as Executive Chairman and Chairman of the Board. The Savings Group will provide even more choices to borrowers with the market's best lending rates, loan savings and vehicle protection plans, while also delivering volume growth to its lender network and business partners. "This merger represents years of growth on behalf of both companies, and now is the perfect time to make this move as consumers have increasingly embraced digital lending and as auto finance activity has shifted outside the dealership," said Chris Speltz. "We're very excited to complete the merger agreement with AUTOPAY and together lead the way to offer the best rates and products to consumers." "We're incredibly fortunate to merge with ...Full story available on Benzinga.com