CHAMP provides a digital title management platform that enables the secure creation, management, and transfer of vehicle titles for insurance carriers, lenders, and government agencies. This solution addresses inefficiencies in traditional paper-based titling processes, facilitating a streamlined, environmentally friendly transition to digital vehicle registration.
Funding
$48.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
+1Founders
Product
Problem
Traditional vehicle titling processes rely on paper-based systems, leading to inefficiencies, delays, and security vulnerabilities for governments, lenders, insurance carriers, and other stakeholders. These manual processes create friction, increase costs, and hinder real-time data access.
Solution
CHAMP provides a modular, cloud-based digital title management platform designed to streamline and secure vehicle titling and registration. The platform offers solutions for government agencies to modernize their DMV title management, and for enterprise partners to enhance existing platforms or replace entire systems. CHAMP's technology enables a seamless transition from paper-based processes to a digital ecosystem, facilitating efficient title creation, management, and transfer. The platform connects various stakeholders, including vehicle retailers, wholesalers, insurance carriers, fleet operators, and lenders, allowing them to verify information and ensure clean title issuance.
Target Audience
CHAMP's primary customers include government agencies seeking to modernize their vehicle title management systems, as well as vehicle retailers, wholesalers, insurance carriers, fleet operators, and lenders looking to streamline title processes and reduce costs.
Features
- Modular SaaS solutions adaptable to various titling use cases
- Web portals and APIs for easy access and integration
- Cloud-based architecture for continuous improvement and scalability
- National Digital Titling Clearinghouse (NDTC) for interstate title transfers
- Digital conversion of paper-based processes
- Secure data protection with SOC 2 Type II compliance
- Electronic Lien and Title (ELT) management capabilities