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AutoFi Adds New Equity Venture Capital

Wednesday, May 25, 2016 5:02:00 AM PDT | VentureDeal



San Francisco, California  --  Financial services technology company AutoFi has received $2.8 million in new equity venture capital investment, according to an SEC regulatory filing.

AutoFi has developed technologies that make it easier for consumers to obtain low-cost automobile loans.

The service also provides technologies to dealers to easily "plug into your website to convert leads to online customers."

Investors in the financing were not disclosed, nor was how the company intends to use the funding proceeds.

A total of 14 investors participated in the offering.

AutoFi is still seeking $783,000 in additional financing, according to the filing.

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