MotoRefi Raises Additional $5M in Funding
- MotoRefi, a Washington, DC-based auto fintech startup, raised additional $5m in funding
- Curql Fund made the investment, which enables MotoRefi to become a Credit Union Service Organization (CUSO)
- The company provides access to more borrowers, adding to their membership base and enabling them to serve their communities at scale
- The company provides a platform for users to refinance auto loans through partnerships with trusted lenders, like credit unions and community banks
- The company, incubated by QED Investors, is backed by Goldman Sachs Asset Management Growth Equity, IA Capital, Moderne Ventures, Accomplice
- This additional funding comes after MotoRef announced it had raised $45m in Series B funding in May, bringing the round total to $50m
