AutoFi provides a platform that simplifies the car buying and financing process for dealerships and customers. Its main product, the Deal Center solution, allows salespeople to quickly finalize deals, while management can structure deals to improve efficiency. Additionally, AutoFi offers a Lending as a Service API, enabling businesses to integrate financing technology into their own platforms with features like dynamic credit applications and instant decisioning. The company's goal is to enhance the automotive sales and financing processes, making them faster and more efficient.

Eniac Ventures

Laconia Capital Group

Lerer Hippeau

500 Global

Crosslink Capital

Basset Investment Group

Sandy Cass

ZenStone Venture Capital

FJ Labs

Reshape Holdings

Lerer Ventures

Ford Motor

Santander UK

SVB Capital

Automotive & Transportation

Fintech

AutoFi

Santander Consumer USA, a leading full-service consumer finance company focused on vehicle finance, expanded its partnership with AutoFi in 2022 to develop Santander Consumer’s end-to-end digital car buying experience.

AutoFi and Santander Consumer USA Scale Innovative Self-Service Finance Solutions to Over 13K Dealers, and Launch Industry-Leading Finance-Based Shopping Marketplace | Business Wire

FRANKLIN, Tenn., Feb. 5, 2024 /PRNewswire/ -- Mitsubishi Motors North America, Inc. (MMNA), has partnered with AutoFi Inc. and Santander Consumer USA to launch ClickShop 2.0, an industry-first digital solution. ClickShop 2.0 connects the car-buying journey from Mitsubishi Motors' Tier-1, and its dealer partner's Tier-3, websites directly to the Mitsubishi dealer showrooms, delivering an unparalleled and seamless shopping experience.Mitsubishi Motors North America, Inc. (MMNA) has partnered with AutoFi Inc

Mitsubishi Motors Launches Industry-First Digital Retailing Program, Connects Prequalified Shoppers To Dealer In-Store Capabilities For A Transparent And Faster Car Buying Experience

After years of development, with early adopters achieving results that exceeded expectations, AutoFi is launching its new showroom solution to dealers across the country.

AutoFi's platform expansion delivers great results with 70% reduction in deal time

AutoFi, the leading commerce platform for digital automotive sales and financing, closed $85 million in funding, valuing it at nearly $700 million.

AutoFi Closes $85 Million in Funding to Accelerate Growth

“Icreditvision is proud to partner and integrate with AutoFi as their digital commerce technology is just as vital to dealers who are tasked with speeding up the car buying process, improving the customer experience, and ensuring it’s all done in a compliant manner.”

Leading Credit and automotive Compliance technology company, informativ, partners with AutoFi to streamline Compliance checks

“Asotu is proud to partner and integrate with AutoFi as their digital commerce technology is just as vital to dealers who are tasked with speeding up the car buying process, improving the customer experience, and ensuring it’s all done in a compliant manner.”

Open Lending is expanding its car financing program to meet a demand for older vehicles. The Austin-based lending platform, which facilitates car loans, announced Thursday (Feb. 9) that it had increased its allowable age for vehicles from 9 years to 11 years old in an effort to make car ownership accessible for near and non-prime borrowers. “Although used car prices have begun to recede from all-time highs and record increases, valuations remain inflated,” Chief Revenue Officer Matt Roe said in a news release

Open Lending Looks To Meet Demand For Older Cars

AutoFi and Santander Consumer USA plan to launch a finance-based auto shopping marketplace this spring. The online, direct-to-consumer (D2C) marketplace will use a soft credit pull and enable shoppers to focus on cars they can afford, the digital commerce technology provider and the consumer finance company said in a Wednesday (Jan. 18) press release. “The market dynamics of the past 12 months, including rising interest rates, further underscore the importance of these solutions in ensuring consumers are matched with cars and financing they can afford,” AutoFi CEO and Co-founder Kevin Singerman said in the release

Self-Serve Finance Marketplace Helps Buyers Find Cars They Can Actually Afford

SAN FRANCISCO--(BUSINESS WIRE)--AutoFi Inc., the leading provider of digital commerce technology that powers the sales and finance experiences across the automotive industry, extended its partnership with Santander Consumer USA Inc., bringing to market digital products that meaningfully improve the ability for consumers and dealers to interact with the lender and simplify the car buying experience.Santander Consumer USA, a leading full-service consumer finance company focused on vehicle finance, expanded its partnership with AutoFi in 2022 to develop Santander Consumer’s end-to-end digital car buying experience. Within six months of the collaboration, a digital dealer experience was developed featuring tools that enable dealers to interact with Santander Consumer in real time and identify cars on the lot that fit the consumer’s budget as well as the specifications to complete the deal. This ability to self-service the loan decisioning process makes it easier and faster for dealers to solution for their customers and best meet their needs. Over the course of 2022, AutoFi scaled the solution across more than 13,000 dealers, providing the technology, operational, and inventory management support of the product for the lender.In late 2022, AutoFi worked with Santander Consumer to pilot a direct-to-consumer marketplace in the southwest region of the United States. This marketplace allows consumers to shop for a vehicle however, wherever, and whenever they want, and streamlines the financing process. Based on a soft credit pull, consumers can shop by payment with no impact to their credit score

Autofi And Santander Consumer Usa Scale Innovative Self-Service Finance Solutions To Over 13K Dealers, And Launch Industry-Leading Finance-Based Shopping Marketplace

AutoFi, the leading digital automotive commerce platform, has named Josh Baer as president to lead its lender and enterprise business segments.

AutoFi, Inc. hires Josh Baer as president to lead lender and enterprise business segments

Streamlines automotive financing and sales processes

AutoFi

Streamlines automotive financing and sales processes

AutoFi

Streamlines automotive financing and sales processes

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