Company Research Report: AutoFi Inc.

Company Overview

Name, Mission of the Company

Name: AutoFi Inc.

Mission: "Sell Smarter, Not Harder. Because selling a car shouldn’t be so hard."

Foundation and Founders

Founded: 2016

Founders: Kevin Singerman (CEO & Co-Founder), Mandar Gokhale (CTO & Co-Founder)

Key People in the Company

Kevin Singerman - CEO & Co-Founder

Mandar Gokhale - CTO & Co-Founder

Josh Baer - President

Jonathan Schenk - Chief Revenue Officer

Bryan Plotts - Chief Financial Officer

Steve O’Brien - General Counsel and Head of Compliance

Kerri Wise - Chief Marketing Officer

Ilan Dar - CISO & SVP of Technology

Ben Atkinson - VP of Lending

Irfan Presswala - VP of Product Management

Joe St. John - Chief Customer Officer

Karissa Coltrin - VP of People

Zac Jones - VP of Sales

Pratap Shergill - VP of Product

Headquarters

Location: 548 Market Street PMB 53613, San Francisco, CA 94104-5401

Number of Employees

No information is available.

Revenue

No information is available.

What is the Company Known For

AutoFi is known for its powerful platform that helps automotive dealers sell more efficiently, both online and in showroom settings, focusing on finance-centered digital retailing solutions.

Products

Overview

AutoFi provides a platform that offers several solutions for automotive dealerships to improve their sales processes.

Key Products and Features

1. Website Solutions

Description: Enable dealerships to engage customers online, anytime, and anywhere.

Features: Digital retailing capabilities online, enhancing customer interaction.

2. Showroom Solutions

Description: Designed to simplify and expedite the sales process within the showroom.

Features: Streamlined sales processes, reduced decision overhead for faster approvals.

3. OEM or Marketplace Solutions

Description: Integrate financial innovation into customized, branded experiences.

Features: Custom finance tools integrated into OEM platforms.

4. Intelligent Lender Routing

Description: Streamlines the lender selection process using real-time approval factors.

Features: Ensures optimal lender decisions with maximum approvals.

Recent Developments

New Products and Features

In January 2023, AutoFi and Santander Consumer USA scaled innovative self-service finance solutions to over 13,000 dealers and launched a finance-based shopping marketplace.

Partnerships

As of July 21, 2023, AutoFi partnered with Informativ, a leading credit and automotive compliance technology company, to streamline compliance checks.

Company Achievements

According to a press release on January 8, 2024, AutoFi expanded its platform, reducing deal time by 70%, as reported by Yahoo Finance.

On February 5, 2024, Mitsubishi Motors launched an industry-first digital retailing program with AutoFi, connecting prequalified shoppers to dealer in-store capabilities in a press release.

Other Notable Information

AutoFi continues to iterate on and enhance its digital retailing platform to allow for faster sales approvals and increased customer service satisfaction levels.

This report provides a comprehensive look at AutoFi Inc.’s current standing in the market, its innovations, and strategic direction geared toward simplifying automotive sales processes for better efficiency and customer satisfaction.