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AutoFi, Inc.

Fintech

AutoFi Stock

AutoFi is a leading technology platform that streamlines sales and financing processes for the automotive industry. It offers digital retailing solutions for dealerships, OEMs, and lenders, helping them enhance customer experience both online and in-showrooms by simplifying complex transactions and improving decision-making efficiency.

Founded: 2016

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AutoFi Company Overview

AutoFi is a pioneering technology platform revolutionizing the automotive retail industry by enhancing the sales and financing processes. The company offers an integrated digital retailing solution tailored for automotive dealerships, Original Equipment Manufacturers (OEMs), and financial institutions. This platform enables a seamless and efficient car-buying experience by simplifying complex financial transactions, allowing customers to secure financing online or in-person with greater transparency and ease. AutoFi's technology is designed to address the challenges dealerships face in the modern retail environment, particularly the growing demand for digital interactions. It bridges the gap between online and showroom experiences, allowing customers to start their purchase journey online, secure financing, and complete the process in the dealership, all through a cohesive platform. The system also integrates with existing dealership management software, ensuring a smooth transition and minimizing disruptions to daily operations. Key features of AutoFi's platform include real-time lender routing, which optimizes loan offers by matching customers with the most appropriate lenders based on predefined criteria. This is complemented by dynamic pricing and approval factors that provide dealerships with flexible financing options, enhancing their ability to close sales efficiently. Additionally, AutoFi incorporates robust management guardrails, ensuring compliance with industry regulations and protecting dealership interests. AutoFi has established itself as a trusted partner for a wide array of clients, including some of the most prominent OEMs and financial institutions in the automotive industry. By focusing on streamlining the financing process, the platform has proven to increase customer satisfaction, boost sales conversion rates, and improve overall dealership profitability. As the automotive industry continues to evolve, AutoFi remains at the forefront, driving innovation and setting new standards for digital retailing in the sector.

Management Team

Kevin Singerman Co-Founder and CEO
Mandar Gokhale Co-Founder and CTO
Josh Baer President
Jonathan Schenk CRO
Bryan Plotts CFO
Kerri Wise CMO
Ilan Dar CISO and SVP of Technology

Funding Information