First National (US:FXNC) Benzingaยท2025-09-25 13:28Core Insights - DriveItAway Holdings, Inc. has appointed Mitch Fadel, former CEO of Upbound Group and Rent-A-Center, to its Board of Advisors, enhancing its leadership in the lease-to-own sector [1] - Fadel's experience in the subprime alternative credit market positions DriveItAway to transform automotive retail and improve access to vehicle ownership for underserved markets [1] - The company recently announced a national partnership with Free2move, integrating flexible lease-to-own technology with OEM-backed vehicle supply, which is expected to facilitate rapid expansion [1] Company Overview - DriveItAway Holdings, Inc. is a national dealer-focused mobility platform that enables car dealers to sell vehicles through an eCommerce model with an exclusive "lease-to-own" app-based subscription [3] - The company offers a comprehensive program that includes proprietary mobile technology, driver app, insurance coverages, and training to help dealerships capitalize on online sales opportunities [3] Leadership Achievements - Mitch Fadel has a proven track record of accelerating growth and creating new retail divisions during his tenure at Upbound Group and Rent-A-Center, including completing over $2 billion in acquisitions [6] - His leadership at EZ Pawn resulted in a 25% profit increase and a tripling of the stock price within a year, showcasing his capability in driving shareholder value [6]