Caribou Financial helps people refinance auto loans using an online marketplace. Through its platform, customers can see potential interest rates, compare offers from a network of banks, credit unions, and other lenders, and apply to refinance an existing vehicle loan. The process aims to lower monthly payments, reduce total interest, or adjust loan terms, and may include optional vehicle protection products and co-borrower support. How it works is simple: users check rate quotes on Caribou’s site, review offers from partner lenders, and submit an application to obtain a new loan with preferred terms. What sets Caribou apart is its networked lending marketplace that sources offers from multiple partners, enabling transparent rate comparison and easier refinancing in one place, without committing to a single lender. Its goal is to help eligible borrowers save money on auto financing by streamlining the refinancing process and offering flexibility in loan terms and protections.
Company Size
201-500
Company Stage
Series C
Total Funding
$189.1M
Headquarters
Denver, Colorado
Founded
2016
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