TurboPass, with a valuation cap of $5 million, is raising funds on WeFunder. The company helps car dealers to verify and receive proof of income of their customers in an instant and paperless way. Thus, car dealers can work faster, sell more cars, and make secure transactions using TurboPass. The company was founded by Michael Jarman and Kenneth Jarman and has raised $135,000 in previous rounds of funding. The proceeds of the current round of crowdfunding, with a minimum raise of $50,000 and a maximum raise of $1,070,000, will be used for customer acquisitions, product development, sales & marketing hires, and legal and administrative expenses. TurboPass had the number one Toyota and Chevy dealers as its early customers and is launching pilots with two of the top three auto lenders in the US.

Source: https://www.crowditz.com/2019/10/turbopass-corporation-on-wefunder/