AutoFi announced it has secured $10 million in Series A financing. Three investors participated in the round: Crosslink Capital, Ford Motor Co., and Lerer Hippeau Ventures.
AutoFi is an online point-of-sale financing solution that allows consumers to purchase and finance a vehicle entirely online through a seamless user experience and an automated application and approval process.
In its announcement, the company said it plans to use the funding to support its roll-out at dealerships and to sign up new manufacturers and lenders.
Fintech Startup AutoFi Raises $10 Million
Credit: autofi.com