MotoRefi works directly with US credit unions and other lending institutions to enable consumers to refinance their auto loans, claiming an average saving for consumers of $100 a month on their car payments.
With the new injection of funds, the company plans to invest in its platform and continuing to expand the team.
Goldman Sachs led the round, joined by new investor IA Capital and existing investors, Moderne Ventures, Accomplice, Link Ventures, Motley Fool Ventures, and CMFG Ventures.
