Jungo and Ascentium Capital Join Forces to Enhance VuDrive Financing Options

Jungo and Ascentium Capital Forge New Financing Partnership

Jungo, a prominent provider known for its AI-focused technology in video telematics and fleet safety solutions, has announced an exciting strategic collaboration with Ascentium Capital. This venture is set to empower resellers of Jungo's flagship product, VuDrive, by offering them innovative financing options that streamline the sales process and facilitate growth.

Ascentium Capital, a well-established name in the financing industry and a division of Regions Bank, has decades of expertise serving the fleet and transportation sectors. Their partnership with Jungo enables VuDrive resellers to provide their customers with affordable monthly payment plans, making it easier to access cutting-edge fleet safety technology.

The collaboration is particularly advantageous for resellers, who now have access to numerous benefits including 100% upfront funding, minimal liability for handling collections or managing credit risk, instant credit approvals, and a simple application process. These features eliminate obstacles related to financing, allowing resellers to prioritize expanding their customer base and providing transformative fleet safety technology.

Opher Suhami, CEO of Jungo, expressed enthusiasm about the partnership. He stated, “Working with Ascentium Capital is a significant advancement for our reseller network. This collaboration equips our partners with valuable tools to finalize deals more quickly, deliver added value to customers, and cultivate long-lasting success—all without the stress of financing complexities. It's a beneficial situation for all parties involved.”

VuDrive stands out as Jungo's comprehensive fleet safety platform, integrating advanced features like dual AI-driven in-cab cameras, real-time alerts for drivers, and a cloud-based management dashboard that aids fleets in accident reduction, insurance cost minimization, and operational efficiency enhancement. The introduction of flexible financing options enables resellers to offer VuDrive's cutting-edge safety technology in a manner that is both cost-effective and easy to access, thereby attracting a broader range of clients.

Stephen Interlicchio, Senior Vice President of Strategic Services at Ascentium Capital, shared his pride in collaborating with Jungo. He remarked, “Our efforts are directed towards making fleet safety technology accessible for small and mid-sized businesses across the United States. By integrating financing solutions directly at the point of sale, we simplify the purchasing process and provide VuDrive resellers with an edge in the competitive landscape.”

In conclusion, this collaboration between Jungo and Ascentium Capital not only brings forth enhanced financing options for resellers but also aims to advance fleet safety technologies across various businesses in the US. Both companies share a commitment to improving road safety and fleet performance through innovative AI-driven solutions that have been widely trusted for risk reduction and operational visibility.

About Jungo

Jungo is a leader in innovative driver monitoring and video telematics solutions. The company delivers AI-powered technologies that heighten road safety and enhance fleet productivity. Their flagship offering, VuDrive, is recognized globally, helping clients significantly lower risks and improve accident prevention methods. Jungo holds multiple patents in the US regarding AI and video telematics technology.

About Ascentium Capital

Ascentium Capital specializes in a wide assortment of business equipment financing, leasing, and loan offerings throughout the United States. Their financial products are tailored to support equipment manufacturers, distributors, and businesses directly, fostering a more efficient market for essential business technologies. For more information on their services, visit AscentiumCapital.com.