AutoFi Closes $85M Funding Round
- AutoFi, a San Francisco, CA-based provider of a commerce platform for digital automotive sales and financing, raised $85M in funding, valuing the company at nearly $700m
- The round was led by Santander Holdings USA, Inc., SVB Financial Group, and Crosslink Capital
- The company intends to use the funds to accelerate its investment in its engineering and customer-facing teams
- The company is a commerce platform for end-to-end digital automotive sales and financing, powering billions of dollars in transactions every year
- The company empowers sellers, including top dealers and digital retailers, to sell efficiently and profitably through its innovative platform and expansive network of trusted lenders
- The platform integrates the online, remote and in-store automotive sales experience
