Virginia based auto refinance startup has raised a $4.7m Series Seed led by Accomplice, with participation from QED and Motley Fool Ventures.
How it Works: MotoRefi helps consumers save on their auto loans by connecting them with trusted lenders, like credit unions and community banks, in addition to offering financial tools that protect their vehicles and finances from the unexpected. MotoRefi's process is fast and straightforward. Consumers fill out a short online form or call to speak with an agent if they prefer, and can receive a new rate within minutes. To lock in their refinance offer, consumers upload, email or text their documentation to MotoRefi's platform, which allows them to save a trip to the DMV. MotoRefi customers save an average of $100 per month.