“Can a payments processor for automotive shops become the full financial OS — payments, financing, loyalty, and vehicle protection — for the $400B+ auto aftermarket?”
Founded in 1999 primarily as a payments processor for automotive repair and tire shops, 1stMILE has evolved into a full financial experience platform for the automotive aftermarket — adding embedded financing, a co-branded Mastercard, loyalty programs, and Allstate-backed vehicle protection. The company's strategy is to move beyond the transaction by embedding financing orchestration directly in the shop checkout flow, issuing its own branded credit card, and building long-term consumer retention via roadside assistance and extended vehicle care.
1stMILE discloses BMO Harris Bank and Citizens Bank as its sponsor banks, according to the Embedded Finance Index 2026.
1stMILE does not disclose a bank charter of its own; its banking services are provided through BMO Harris Bank and Citizens Bank.
1stMILE's cards run on Mastercard.
1stMILE's lending and capital products are provided by Splitit.
1stMILE's embedded insurance is provided by Allstate.
The Embedded Finance Index 2026 maps 4 layers in 1stMILE's stack: Card network (Mastercard); Lending (Splitit, 1stMILE Buy Program (point-of-sale financing for auto repairs), 1stMILE Buy Now, Pay Later powered by Splitit (card-linked installment payments) and Multi-lender financing orchestration embedded in checkout); Insurance (Allstate); Sponsor bank (BMO Harris Bank and Citizens Bank).
1stMILE is founded in 1999 and headquartered in Redmond, Washington, USA.
Get a read on where your own stack stands against 1stMILE and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.