AutoFi
Latest round
- Series C
Last raised
- Mar 2022
Total raised
- $71M
Investors
- 10
About AutoFi
AutoFi, Inc.Founded in 2015 in San Francisco, US, AutoFi, Inc. is dedicated to improving the automotive sales process with a focus on technology integration. The company was co-founded by Kevin Singerman and Mandar Gokhale.AutoFi's primary product offering is its comprehensive commerce platform, designed to enhance sales and finance processes within the automotive industry. This platform integrates seamlessly into dealership websites and physical showrooms, providing flexible solutions for both online and in-person vehicle sales. AutoFi addresses key pain points in the sales process, such as lengthy negotiations and customer skepticism, by delivering a unified, guided sales experience that promotes trust and efficiency. Among its innovative features are a credit estimator, pre-qualification tools, and an Intelligent Lender Routing system, which collectively optimize the customer experience and improve deal closure rates.The revenue model for AutoFi is structured around B2B partnerships with automotive dealerships, whereby the platform facilitates transactions between dealers and consumers. Dealerships utilize AutoFi's technology to enhance their sales processes, thereby generating revenue through increased vehicle sales and financial services integration. The company’s solutions operate on a subscription basis, allowing dealerships to access the platform's suite of tools in exchange for a recurring fee, customized based on the specific services utilized. By implementing AutoFi's features, dealerships can significantly reduce the time spent on individual deals, leading to an increase in overall throughput and profitability.In March 2022, AutoFi, Inc. The company aims to enhance its offerings further by designing new products and plans for expansion into new markets, focusing specifically on increasing its footprint in North America. This strategic growth initiative is expected to bolster their service capabilities and extend their reach within the automotive industry.
Who invested in AutoFi
10 investors across 5 rounds
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Questions about AutoFi
Who invested in AutoFi?
AutoFi has 10 investors on record across 5 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has AutoFi raised?
AutoFi has raised 5 venture rounds. Sign up free to see how much each round raised and the total.
When did AutoFi last raise money?
AutoFi's most recent round on record is a Series C, in Mar 2022.
What does AutoFi do?
AutoFi is a financial services company.
Where is AutoFi headquartered?
AutoFi is headquartered in San Francisco, US.
Which VCs invest in companies like AutoFi?
Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back financial services companies at AutoFi's stage. Their profiles are linked below.
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